mechanism to improve agricultural factors’ allocation, however temporary land transfers only improve efficiency when they happen …

capital allocation, a 2.8% lower world GDP, a 12% rise in the cross-country dispersion of GDP per capita, lower wages in … opposite effects: significant improvements in capital allocation efficiency and lower cross-country inequality, higher wages in …

production market a la Cournot. We provide efficiency guarantee of simple uniform linear allocation mechanisms in the broad class … initial allocation of emission permits, and that Cap-and-Trade and Carbon Tax systems are equivalent. However, the initial … allocation mechanisms previously considered in the literature were largely restricted to lump sum ones that do not take the firms …