В статье рассмотрены основные проблемы асимметрии информации в отношениях принципала и агента с целью определения оптимального и эффективного соотношения...

We establish conditions under which indeterminacy can occur in a small open economy oil-in the production RBC model with lump sum tariff revenue transfers. The indeterminacy would require that the steady state tariff rates be in an open interval. This means that as long as the government...

It has long been recognized that, in a restricted world of just two countries and two commodities, any feasible non-distorting international transfer can be replaced by a pair of individually distorting but collectively non-distorting equivalent import duties. In recent years it has sometimes...