Similar Search Results

Comino, Stefano; Nicolò, Antonio; Tedeschi, Piero - EconWPA - 2005

In this paper, we prove that two firms can choose not to include a termination clause in their partnership contract, thus inducing a costly termination in case of failure of the joint project. This ex-post inefficiency induces partners to exert large non-contractible efforts (investments) to...

Persistent link: https://www.econbiz.de/10005134557

Gewährleisten umgesetzte WTO-Streitschlichtungsurteile offene Märkte? Eine Betrachtung am Beispiel des Zeitschriftenfalles

Zimmermann, Thomas A. - EconWPA - 2005

the implementation of rulings. Against this background, it is puzzling that the specific WTO procedure which deals with … allegedly insufficient implementation is used only in about one third of the cases where the need for implementation has arisen …. Yet, a closer look at the where implementation has allegedly occurred can partly resolve this puzzle: The defendant …

Persistent link: https://www.econbiz.de/10005408038

The Optimal Design of a Market

Brusco, Sandro; Jackson, Matthew O. - EconWPA - 1997

We study the optimal design of the rules of trade in a two-period market given that agents arrive at different times and may only trade with agents present contemporaneously. First period agents face a fixed cost of trading across periods, and their decisions of whether or not to trade in the...

Persistent link: https://www.econbiz.de/10005077051

Efficient Egalitarian Equivalent Allocations over a Single Good

LiCalzi, Marco; Nicolò, Antonio - EconWPA - 2005

This paper studies efficient and egalitarian allocations over a single heterogeneous and infinitely divisible good. We prove the existence of such allocations using only measure-theoretic arguments. Under the additional assumption of complete information, we identify a sufficient condition on...

Persistent link: https://www.econbiz.de/10005077064

Efficiency and Voluntary Implementation in Markets with Repeated Pairwise Bargaining

Jackson, Matthew O.; Palfrey, Thomas R. - EconWPA - 1997

bargain through some extensive game form. We take an implementation approach, characterizing the possible allocation rules …

Persistent link: https://www.econbiz.de/10005062338

SELF-SELECTION UNDER NON-ORDERED VALUATIONS: TYPE-SPLITTING, ENVY-CYCLES, RATIONING AND EFFICIENCY

Nahata, Babu; Kokovin, Serguei; Zhelobodko, Evgeny - EconWPA - 2003

We analyze self-selection problem when valuations are non-ordered. The corresponding package-pricing solution has specific graph structure. It is helpful in deriving weak su±cient conditions for both partial e±ciency and Pareto-e±ciency. Unlike the ordered valuations case, Pareto e±ciency is...

Persistent link: https://www.econbiz.de/10005556519

Envy-Freeness and Implementation in Large Economies

Jackson, Matthew O.; Kremer, Ilan - EconWPA - 2003

We show that an asymptotic envy-freeness is a necessary condition for a form of robust approximate implementation in …

Persistent link: https://www.econbiz.de/10005135032

Land Taxes and Revenue Needs as Communities Grow and

Kerr, Suzi; Aitken, Andrew; Grimes, Arthur - EconWPA - 2004

New Zealand is unusual in that nearly 60% of local services are funded from property taxes. These are a mixture of land taxes, capital value taxes, annual rental value taxes and uniform general charges. We explore the efficiency and equity of this system at both national and local levels. We...

Persistent link: https://www.econbiz.de/10005556963

Impact of competition policy reforms on rural and regional Australia

Commission, Productivity - EconWPA - 2001

On 28 August 1998 the Treasurer referred the impact of competition policy reforms on rural an regional Australia for inquiry and report within 12 months of receiving the reference. The Commission is to assess the impact (both transitional and ongoing) of the competition policy and related...

Persistent link: https://www.econbiz.de/10005118925

Sons of Something: Taxes, Lawsuits and Local Political Control in Sixteenth Century Castile

Drelichman, Mauricio - EconWPA - 2005

The widespread ennoblement of the Spanish bourgeoisie in the sixteenth century has been traditionally considered one of the main causes of Iberian decline. I document and quantify the surge in ennoblement through a new time series of nobility cases preserved in the Archive of the Royal Chancery...

Persistent link: https://www.econbiz.de/10005125846