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This paper studies the Hart-Grossmn-Moore property rights approach to the theory of the firm, under the alternative assumption that bargaining over gains from trade is modelled strategically, rather than axiomatically. With strategic bargaining, the disagreement payoffs (payoffs to the two...
Persistent link: https://www.econbiz.de/10008852263
This paper investigates whether there is any relationship between farm size, technical efficiency and the use of agrichemicals which are potentially environmentally contaminating. These questions are pertinent in the context of current EU policy decions. Using two models of stochastic frontier...
Persistent link: https://www.econbiz.de/10008852283
In developed countries, car use is one of the most significant contributors to air pollution. It is also a notable fact … that larger, heavier cars consume more fuel and hence contribute more to pollution. This observation has lead to policy …
Persistent link: https://www.econbiz.de/10008852358