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Bidding among Friends and Enemies
Ettinger, David - Fondazione ENI Enrico Mattei (FEEM) - 2003
paid by the winner. We study the impact of these price-externalities on the first-price auction and the second … independently from the identity of the winner. We prove that the first-price auction is not affected by this kind of price-externalities … by the presence of such price-externalities. In any case, in comparison with the first-price auction, the second …
Persistent link: https://www.econbiz.de/10005423117
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Contracting with Externalities and Outside Options
Bloch, Francis; Gomes, Armando - Fondazione ENI Enrico Mattei (FEEM) - 2004
encompasses many economic models with externalities and outside options. We show that when outside options are pure (i …
Persistent link: https://www.econbiz.de/10005385394
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Instant Efficient Pollution Abatement under Non-Linear Taxation and Asymmetric Information: The Differential Tax Revisited
Mensink, Paul - Fondazione ENI Enrico Mattei (FEEM) - 2004
This paper analyzes incentives for polluting firms to exchange abatement cost information under the non-linear pollution tax scheme (‘differential tax’) introduced by Kim and Chang [J. Regul. Econom. 5, 1993, 193-197]. It shows that polluting firms have - under mild conditions - an incentive...
Persistent link: https://www.econbiz.de/10005385420
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Firms’ International Status and Heterogeneity in Performance: Evidence From Italy
Minerva, Alfredo; Casaburi, Lorenzo; Gattai, Valeria - Fondazione ENI Enrico Mattei (FEEM) - 2008
inputs off-shoring. Third, in terms of the productivity dynamics over the period 1998-2003, exporters’ performance in Italy …
Persistent link: https://www.econbiz.de/10005423274
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Marketing via Friends: Strategic Diffusion of Information in Social Networks with Homophily
Chuhay, Roman - Fondazione ENI Enrico Mattei (FEEM) - 2010
The paper studies the impact of homophily on the optimal strategies of a monopolist, whose marketing campaign of new product relies on a word of mouth communication. Homophily is a tendency of people to interact more with those who are similar to them. In the model there are two types of...
Persistent link: https://www.econbiz.de/10008674339
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Efficient Random Assignment under a Combination of Ordinal and Cardinal Information on Preferences
Athanassoglou, Stergios - Fondazione ENI Enrico Mattei (FEEM) - 2011
Consider a collection of m indivisible objects to be allocated to n agents, where m = n. Each agent falls in one of two distinct categories: either he (a) has a complete ordinal ranking over the set of individual objects, or (b) has a set of “plausible” benchmark von Neumann-Morgenstern...
Persistent link: https://www.econbiz.de/10008853071
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Bargaining and Delay in Trading Networks
Bedayo, Mikel; Mauleon, Ana; Vannetelbosch, Vincent - Fondazione ENI Enrico Mattei (FEEM) - 2013
We study a model in which heterogeneous agents first form a trading network where link formation is costless. Then, a seller and a buyer are randomly selected among the agents to bargain through a chain of intermediaries. We determine both the trading path and the allocation of the surplus among...
Persistent link: https://www.econbiz.de/10010904918
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Bias and Efficiency of Single vs Double Bound Models for Contingent Valuation Studies.A Monte Carlo Analysis
Calia, Pinuccia; Strazzera, Elisabetta - Fondazione ENI Enrico Mattei (FEEM) - 1999
The Dichotomous Choice Contingent Valuation Method can be used either in the single or double bound formulation. The former is easier to implement, while the latter is known to be more efficient. We analyse the bias of the ML estimates produced by either model, and the gain in efficiency...
Persistent link: https://www.econbiz.de/10005423136
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Relative Income Position and Performance: An Empirical Panel Analysis
Torgler, Benno; Schmidt, Sascha L.; Frey, Bruno S. - Fondazione ENI Enrico Mattei (FEEM) - 2006
Many studies have established that people care a great deal about their relative economic position and not solely, as standard economic theory assumes, about their absolute economic position. However, behavioral evidence is rare. This paper provides an empirical analysis on how individuals’...
Persistent link: https://www.econbiz.de/10005423259
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Does Envy Destroy Social Fundamentals? The Impact of Relative Income Position on Social Capital
Torgler, Benno; Fischer, Justina A.V. - Fondazione ENI Enrico Mattei (FEEM) - 2006
Research evidence on the impact of relative income position on individual attitudes and behaviour is sorely lacking. Therefore, this paper assesses such positional impact on social capital by applying 14 different measurements to International Social Survey Programme data from 25 countries. We...
Persistent link: https://www.econbiz.de/10005230827