Showing 1 - 10 of 121
Persistent link: https://www.econbiz.de/10005633982
Regions can benefit by offering infrastructure services that are differentiated. Competition between regions over … of full and incomplete information about investors' needs are studied. …
Persistent link: https://www.econbiz.de/10005634089
previously derived to ensure truthful revelation of private information for collective deciSion-making. These conditions are …
Persistent link: https://www.econbiz.de/10005008495
discriminate among heterogeneous workers. In this setting we show that if the firms have perfect information, i.e, they perfectly … discriminate against workers and take all the surplus, the best tax function is flat. If the firms have imperfect information, i …
Persistent link: https://www.econbiz.de/10005043481
This paper provides a model of nonlinear income taxation in a context of international mobility. We consider two identical countries, in which each government chooses non-cooperatively redistributive taxes. It is shown that when skilled workers can move at low cost, the income taxation does not...
Persistent link: https://www.econbiz.de/10005043713
does not hold at the macro level of countries because aggregation of human capital has to take into account its vintage … use these findings to revisit the assumptions of the well-known Uzawa-Lucas growth model from an aggregation perspective. …
Persistent link: https://www.econbiz.de/10005043075
The fundamentals of an exchange economy, the preferences of individuals, can be identified from the competitive equilibrium correspondence, which associates equilibrium prices of commodities to allocations of endowments; the argument extends to production economies. The essential step is the...
Persistent link: https://www.econbiz.de/10005043651
use of industry-commissioned consultants, experts and lobbyists that produce information for regulatory and policy use. A … firm and regulator, linked to the role of the regulator as information-processing intermediate for the political principal …. The firm puts processed but biased information at the free disposal of the regulator, 'no strings attached', who can then …
Persistent link: https://www.econbiz.de/10010927734
This paper is concerned with the stategic use of a private information on the stock market. A repeated auction model is … used to analyze the evolution of the price system on a market with asymmetric information. The model turns out to be a zero …-sum repeated game with one-sided information, as introduced by Aumann and Maschler. …
Persistent link: https://www.econbiz.de/10005207634
criminal suits, is analyzed in the framework of a two-sided incomlete information game. …
Persistent link: https://www.econbiz.de/10005779401