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The Allocation of European Union Allowances. Lessons, Unifying Themes and General Principles

Buchner, Barbara; Carraro, Carlo; Ellerman, A Denny - C.E.P.R. Discussion Papers - 2006

This paper is the concluding chapter of Rights, Rents and Fairness: Allocation in the European Emissions Trading Scheme … lessons and general principles to be learnt from the allocation of allowances in the European Union Emission Trading Scheme … allocation process and on what are the global implications of the EU ETS. As has become obvious during the first allocation phase …

Persistent link: https://www.econbiz.de/10005667060

Optimal Capital Allocation Using RAROC And EVA

Stoughton, Neal; Zechner, Josef - C.E.P.R. Discussion Papers - 1999

This paper analyzes financial institutions' capital allocation decisions when their required equity capital depends on … can be delegated through an economic value added (EVA) compensation contract and solve for the optimal capital allocation …

Persistent link: https://www.econbiz.de/10005661956

Demand Fluctuations, Capacity Constraints and Repeated Interaction: An Empirical Analysis of Service Quality Adjustments

Chatain, Olivier; Eizenberg, Alon - C.E.P.R. Discussion Papers - 2015

We utilize a unique database from a large legal services provider to examine how service quality responds to the firm's available capacity and workload, and to the nature of the firm-client relationship. We develop empirical measures of both the (internal) level of resources available to the...

Persistent link: https://www.econbiz.de/10011262890

Balancedness of Real-Time Hierarchical Resource Allocation

Van Zandt, Timothy - C.E.P.R. Discussion Papers - 2004

We take the hierarchical resource allocation model in Van Zandt (2003a) and derive a simpler, reduced-form model of …

Persistent link: https://www.econbiz.de/10005124096

Structure and Returns to Scale of Real-Time Hierarchical Resource Allocation

Van Zandt, Timothy - C.E.P.R. Discussion Papers - 2004

Companion papers develop a model of real-time hierarchical computation of resource allocations by boundedly rational members of an administrative staff. The nodes of a hierarchy are multi-person decision-making units offices. The current Paper uses a reduced form to address specific questions...

Persistent link: https://www.econbiz.de/10005124432

Multifaceted Transactions, Incentives, and Organizational Form

Habib, Michel Antoine - C.E.P.R. Discussion Papers - 2015

, cooperatives, government ownership, and vertical integration. Distinguishing between resource allocation and resource creation, we … show that resource creation calls for higher powered incentives than does resource allocation. Allowing for diversification …

Persistent link: https://www.econbiz.de/10011184083

Pandering to Persuade

Che, Yeon-Koo; Dessein, Wouter; Kartik, Navin - C.E.P.R. Discussion Papers - 2010

A principal chooses one of n=2 projects or an outside option. An agent is privately informed about the projects' benefits and shares the principal's preferences except for not internalizing her value from the outside option. We show that strategic communication is characterized by pandering: the...

Persistent link: https://www.econbiz.de/10008466340

Real-Time Hierarchical Resource Allocation with Quadratic Costs

Van Zandt, Timothy - C.E.P.R. Discussion Papers - 2003

This Paper presents a model in which boundedly rational members of an administrative staff calculate resource allocations in real time. We consider a class of hierarchical procedures in which information about payoff functions flows up and is aggregated by a hierarchy, while allocations flow...

Persistent link: https://www.econbiz.de/10005662081

Appropriating the Commons - A Theoretical Explanation

Falk, Armin; Fehr, Ernst; Fischbacher, Urs - C.E.P.R. Discussion Papers - 2001

In this Paper we show that a simple model of fairness preferences explains major experimental regularities of common pool resource (CPR) experiments. The evidence indicates that in standard CPR games without communication and without sanctioning possibilities inefficient excess appropriation is...

Persistent link: https://www.econbiz.de/10005123667

The Development of the Division of Power among the European Commission, the Council and the European Parliament

Laruelle, Annick; Widgrén, Mika - C.E.P.R. Discussion Papers - 1997

Probabilistic measures of a priori voting power are useful tools to asses actors' influence on collective decision-making either for the purpose of designing a voting organ or to model particular policy cases. This paper makes an attempt to reduce a dynamic voting process into a cooperative...

Persistent link: https://www.econbiz.de/10005114157