Showing 1 - 10 of 22
Many decisions in private and public organizations are made by groups. The paper explores strategies that the sponsor of a proposal may employ to convince a qualified majority of group members to approve the proposal. Adopting a mechanism design approach to communication, it emphasizes the need...
Persistent link: https://www.econbiz.de/10010750987
This paper proposes a dynamic model of duopolistic competition under behaviorbased price discrimination with the following property: in equilibrium, a firm may reward its previous customers although long term contracts are not enforceable. A firm can offer a lower price to its previous customers...
Persistent link: https://www.econbiz.de/10010738702
The number of patent applications and "bad" patents issued has been rising rapidly in recent years. Based on this trend, we study the overload problem within the Patent Office and its consequences on the firms' R&D incentives. We assume that the examination process of patent applications is...
Persistent link: https://www.econbiz.de/10010738781
Ce rapport du Conseil d'Analyse Economique (CAE) analyse les politiques de la concurrence et leurs transformations en Europe au travers de trois prismes: historique, économique et politique. Les interactions respectives entre concurrence et innovation sont soulignées. Des propositions de...
Persistent link: https://www.econbiz.de/10010750482
We consider a production economy where commodities are partitioned into irreproducible factors and reproducible goods, and the production technologies have constant returns to scale. We examine the geometry of the efficient frontier of the global production set and derive theorems of...
Persistent link: https://www.econbiz.de/10010738758
The first part of this text reviews the standard economic viewpoint on expectational coordination, a viewpoint that the recent events have challenged. The second part reviews different existing directions assessments of the rational expectations hypothesis that have been made to-date. The third...
Persistent link: https://www.econbiz.de/10010738768
We re-examine issues of coordination in the standard RBC model. Can the unique rational expectations equilibrium be “educed” by rational agents who contemplate the possibility of small deviations from equilibrium? Surprisingly, we find that coordination along this line cannot be expected....
Persistent link: https://www.econbiz.de/10010738777
Ce texte est celui venant en support de la conférence Jean Jacques Laffont prononcée en clôture du Congrès 2010 de l'Association Française de Science Economique. La première partie revient sur la vision économique standard de la coordination des anticipations, vision que les événements...
Persistent link: https://www.econbiz.de/10010738780
We consider an economic model that features: 1. a continuum of agents 2. an aggregate state of the world over which agents have an infinitesimal influence. We first propose a review, based on work by Jara (2007), of the connections between the eductive viewpoint that puts emphasis on Strongly...
Persistent link: https://www.econbiz.de/10010738797
This text is based on the English translation of extracts from a report to an advisory economic group to the French Prime Minister (Conseil d'Analyse Economique). This report was presented on July 2002 and published in 2003, (Guesnerie(2003). These extracts have been chosen and reorganised to...
Persistent link: https://www.econbiz.de/10010738809