Showing 1 - 10 of 227,982
Persistent link: https://www.econbiz.de/10003979844
Persistent link: https://www.econbiz.de/10012199192
- ensuring that an efficient allocation of resources is achievable in a dynamic allocation environment where impatient, privately … reveals and exploits close, formal relations between the problem of ensuring monotone - and hence implementable - allocation … rules in our dynamic allocation problems with incomplete information and learning, and between the classical problem of …
Persistent link: https://www.econbiz.de/10013159388
This paper studies implications of uncertainty about the arrival date of a competitive CO2 backstop technology for the design of cost-effective CO2 emission trading schemes. For this purpose, we develop a dynamic general equilibrium model that captures empirical links between CO2 emissions...
Persistent link: https://www.econbiz.de/10003728655
Persistent link: https://www.econbiz.de/10011748370
Persistent link: https://www.econbiz.de/10003473553
For an incomplete-information model of public-good provision with interim participation constraints, we show that efficient outcomes can be approximated, with approximately full surplus extraction, when there are many agents and each agent is informationally small. The result holds even if...
Persistent link: https://www.econbiz.de/10003877136
Persistent link: https://www.econbiz.de/10013483195
Persistent link: https://www.econbiz.de/10002569493
Persistent link: https://www.econbiz.de/10009380476