Showing 1 - 10 of 30
This paper examines how concealing the existence of private information affects winning bids in a large, well-functioning auction environment. Standard auction theory suggests firms should wish to advertise the existence of private information in order to reduce the bids of their competitors...
Persistent link: https://www.econbiz.de/10009395494
This paper characterizes the optimal time paths of extraction of several nonrenewable resource deposits with different costs of extraction when the extracted resource can be converted into productive capital and the extraction process, as well as the production of the substitute, requires two...
Persistent link: https://www.econbiz.de/10008540971
We analyze a multi-sector growth model with directed technical change where man-made capital and exhaustible resources are essential for production. The relative profitability of factor-specific innovations endogenously determines whether technical progress will be capital- or...
Persistent link: https://www.econbiz.de/10005617052
player (or cartel of players) is assumed to be maximization of discounted profit subject to technical, political, and …
Persistent link: https://www.econbiz.de/10005619370
This article re-examines the relationship between economic growth of the North and that of the South. It considers the implications of this relationship for two major issues within the current North-South debate: basic needs and exhaustible resources. The connections between international trade...
Persistent link: https://www.econbiz.de/10005619594
This paper proposes an extension of the classical theory of normal prices to an n-commodity economy with exhaustible natural resources. The central idea is developed by two analytical steps. Firstly, it is assumed that a given flow of an exhaustible resource in short supply is combined with the...
Persistent link: https://www.econbiz.de/10009021716
Our concern in this paper is to analyze the optimal long-run pricing policies of oil-exporting countries. These might be described briefly as the policies which best meet their objectives, subject to the various limitations imposed on them by the realities of world economic forces.
Persistent link: https://www.econbiz.de/10005787061
In international circles, the concern of the day is the state of the world economy. There is a general appreciation of the severity of the problem, but no widespread agreement about either diagnosis or solutions. We shall focus here on a particular set of topics that have emerged as major issues...
Persistent link: https://www.econbiz.de/10005789318
This paper enquires into the causes of union growth and decline by analysing flows in and out of membership. It does so … at the level of 70 Swiss union locals over the period 2006-08. Gross flows in union membership are found to be much …. Net changes in membership are primarily determined by inflows: successful union locals differ from languishing ones with …
Persistent link: https://www.econbiz.de/10008490090
This brief applies a simple framework for assessing the relative potential for Rotary membership growth in different … about half of the areas are considered as performing comparatively well in that they have membership rates above … expectations. The other areas are considered as performing less well because they have membership rates below expectations, and …
Persistent link: https://www.econbiz.de/10011107350