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Bergemann, Dirk; Välimäki, Juuso - C.E.P.R. Discussion Papers - 2006

We survey the recent literature on the role of information in mechanism design. First, we discuss an emerging … literature on the role of endogenous payoff and strategic information for the design and the efficiency of the mechanism. We … order beliefs becomes a natural desideratum. We discuss recent approaches to robust mechanism design and robust …

Persistent link: https://www.econbiz.de/10005123850

The Environment and Directed Technical Change

Acemoglu, Daron; Aghion, Philippe; Bursztyn, Leonardo; … - C.E.P.R. Discussion Papers - 2011

This paper introduces endogenous and directed technical change in a growth model with environmental constraints. A unique final good is produced by combining inputs from two sectors. One of these sectors uses "dirty" machines and thus creates environmental degradation. Research can be directed...

Persistent link: https://www.econbiz.de/10009365645

Strategic Quality Choice with Minimum Quality Standards

Lutz, Stefan; Lyon, Thomas P; Maxwell, John W - C.E.P.R. Discussion Papers - 1998

In many markets governments set minimum quality standards while some sellers choose to compete on the basis of quality by exceeding them. Such ‘high-quality’ strategies often win public acclaim, especially when ‘environmental friendliness’ is the dimension along which firms are...

Persistent link: https://www.econbiz.de/10005656312

The Costs/Benefits of a Common Monetary Policy in France and Germany and Possible Lessons for Monetary Union

Melitz, Jacques; Weber, Axel A - C.E.P.R. Discussion Papers - 1996

In order to study the costs/benefits of a monetary union between Germany and France, we attempt to go beyond a mere …, Germany would lose from any French participation in the setting of domestic monetary policy. By contrast, however, France …

Persistent link: https://www.econbiz.de/10005123945