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[eng] Location of activities : a two-sectors model with transportation costs. P. Krugman is arguing that a reduction of manufactured goods transportation costs favors concentration of industrial activity. In an economy with two sectors - the « agricultural » one being characterized by perfect...
Persistent link: https://www.econbiz.de/10008624965
During the last decade, Latin American countries have brought about important reforms in infrastructure services based both on private sector participation for enhancing internal efficiency and competition for increasing consumer welfare. Infrastructure services have evolved from monopoly and...
Persistent link: https://www.econbiz.de/10010772411
During the last decade, Latin American countries have brought about important reforms in infrastructure services based both on private sector participation for enhancing internal efficiency and competition for increasing consumer welfare. Infrastructure services have evolved from monopoly and...
Persistent link: https://www.econbiz.de/10010943476
Persistent link: https://www.econbiz.de/10013329346
Economics
Persistent link: https://www.econbiz.de/10009431897
During the past two decades, Latin American countries have made pioneering efforts in reforming infrastructure services. The "first generation of reforms" encompassed widespread privatization, deregulation and restructuring of the provision of energy, water, transport and telecommunications...
Persistent link: https://www.econbiz.de/10010772369
This paper studies the efficiency of collusion between supervisors and supervisees. Building on Tirole (1986)’s results that deterring collusion with infinitely risk averse supervisors is impossible, while it is costless to do so under risk neutrality, we develop here a theory of collusion...
Persistent link: https://www.econbiz.de/10010928620
We propose a theory of supervision with endogenous transaction costs. A principal delegates part of his authority to a supervisor who can acquire soft information about an agent's productivity. If the supervisor were risk-neutral, the principal would simply make the better informed supervisor...
Persistent link: https://www.econbiz.de/10010928775
During the past two decades, Latin American countries have made pioneering efforts in reforming infrastructure services. The "first generation of reforms" encompassed widespread privatization, deregulation and restructuring of the provision of energy, water, transport and telecommunications...
Persistent link: https://www.econbiz.de/10010943423
The objectif of this paper is to give a microeconomic foundation to misleading advertising in order to derive a method to evaluate its social costs both in terms of efficiency and in terms of distribution. We develop first the approach leading to the concept of demand based on information biased...
Persistent link: https://www.econbiz.de/10008556524