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We provide an explanation why centralisation of political decision makingresults in overspending in some policy domains, whereas too low spending persists in others.We study a model in which delegates from jurisdictions bargain over local public goods provision.If all of the costs of public...
Persistent link: https://www.econbiz.de/10011256583
to screen industries that traditionally apply delivered pricing for the presence of cartels. We operationalize this … screen with a software. The test is hard to beat for cartels using this otherwise elusive form of price-fixing. When a cartel …
Persistent link: https://www.econbiz.de/10011255456
cartel formation, cartel stability and cartel recidivism. The program leads to lower prices for three reasons. First, non …
Persistent link: https://www.econbiz.de/10011257115
This discussion paper led to the article with the same title in 'Social Choice and Welfare' (2014), 43, 173-194.<P> We consider the problem of sharing water among agents located along a river. Each agent has quasi-linear preferences over river water and money, where the benefit of consuming an...</p>
Persistent link: https://www.econbiz.de/10011255637
This discussion paper resulted in a publication in the 'SIAM Journal on Optimization', 2006, 16, 854-870. <P> It is well known that an upper semi-continuous compact- and convex-valued mapping fi from a nonempty compact and convex set X to the Euclidean space of which X is a subset has at least one...</p>
Persistent link: https://www.econbiz.de/10011255864
with high fitness. We characterize the stability and bifurcation properties of the underlying deterministic model via the …
Persistent link: https://www.econbiz.de/10011256308
stability of shifts ofrefinable function is not necessary for the convergence of thesubdivision process. This also leads to some …
Persistent link: https://www.econbiz.de/10011257528