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Quantum Solution of Coordination Problems
Huberman, Bernardo A.; Laboratories, Tad Hogg HP - EconWPA - 2003
We present a quantum solution to coordination problems that can be implemented with present technologies. It provides …
Persistent link: https://www.econbiz.de/10005062323
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Uncertainty of the Shapley Value
Kargin, Vladislav - EconWPA - 2003
This paper introduces a measure of uncertainty in the determination of the Shapley value, illustrates it with examples, and studies some of its properties. The introduced measure of uncertainty quantifies random variations in a player's marginal contribution during the bargaining process. The...
Persistent link: https://www.econbiz.de/10005550903
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Knowledge, Coordination, and Fiscal Federalism: An Organizational Perspective
GARZARELLI, Giampaolo; LIMAM, Yasmina Reem - EconWPA - 2003
This essay brings fiscal federalism theory into contact with the knowledge perspective to economic organization. The … question addressed is: can a central government be justified in the context of fiscal federalism on grounds of economic … standpoint of knowledge asymmetry the question of a central government in a federation becomes primarily a story of coordination …
Persistent link: https://www.econbiz.de/10005125888
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The impact of coordination and information on transport procurement
Brusset, Xavier - EconWPA - 2005
Transport cost is second in importance after production cost in industry. It is the purpose of the present paper to study the impact of information sharing and contractual instruments between a supply chain and its transport suppliers. After reviewing the literature, we propose a model to...
Persistent link: https://www.econbiz.de/10005561824
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Why the Japanese Taxpayer Always Loses
Ramseyer, J. Mark; Rasmusen, Eric - EconWPA - 1999
The tax office wins most cases in Japan. We think about why this might be. We find that although judges who rule in favor of the taxpayer do not suffer in their future careers, if the loser-- whether governemnt or taxpayer--appeals and wins, the reversed judge's career does take a turn for the...
Persistent link: https://www.econbiz.de/10005076631
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THE ECONOMIC CONSEQUENCES OF A WEAK JUDICIARY: INSIGHTS FROM INDIA
Koehling, Wolfgang - EconWPA - 2002
; and, (ii) the predictability of the trial outcome. I measure speed by the backlog in High Courts and predictability …
Persistent link: https://www.econbiz.de/10005412513
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WTO Dispute Settlement at Ten: Evolution, Experiences, and Evaluation
Zimmermann, Thomas A. - EconWPA - 2005
ENGLISH ABSTRACT: On 1 January 1995, the Understanding on Rules and Procedures Governing the Settlement of Disputes (DSU) entered into force. During its first ten years, the DSU has since been applied to 324 complaints – more cases than dispute settlement under the GATT 1947 had dealt with in...
Persistent link: https://www.econbiz.de/10005556422
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Rational Legal Decision-Making, Value Judgment and Efficient Precaution in Tort law
ZHENG, MINGLI; ANWAR, SAJID - EconWPA - 2005
By reinterpreting Savage axioms as axioms of the social rationality over resource allocations, we derive a social welfare function encompassing individual social values and a social attitude towards distributional inequality. Wealth maximization becomes the purpose of law only if individuals...
Persistent link: https://www.econbiz.de/10005561029
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Prospects for Improving U.S. Patent Quality via Post-grant Opposition
Hall, Bronwyn H.; Graham, Stuart J. H.; Harhoff, Dietmar; … - EconWPA - 2004
The recent surge in U.S. patenting and expansion of patentable subject matter has increased patent office backlogs and raised concerns that in some cases patents of insufficient quality or with inadequate search of prior art are being issued. At the same time patent litigation and its costs are...
Persistent link: https://www.econbiz.de/10005561040
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Courts, firms and allocation of credit
Shvets, Julia - EconWPA - 2005
The paper investigates whether and how performance of regional commercial courts has affected external credit of … Russian enterprises between 1995 and 2002. The results show that more reliable courts lead to higher bank lending to firms … limited evidence that trade credit also responds to changes in quality of courts. However, credit from suppliers is …
Persistent link: https://www.econbiz.de/10005118841