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Equity as a prerequisite for stable cooperation in a public-good economy: The core revisited
Buchholz, Wolfgang; Peters, Wolfgang - 2010
on the one hand and the core property of an allocation on the other. In particular we show that it is an inhomogeneous … sacrifice') which is derived from the egalitarian-equivalent concept suggested by Moulin (1987). We also develop a simple core … test by which it can be checked whether a given allocation is in the core thus being a possible outcome of a cooperative …
Persistent link: https://www.econbiz.de/10010270530
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The ex ante incentive compatible core in exchange economies with and without indivisibilities
Forges, Françoise - 2006
The ex ante incentive compatible core of an exchange economy with private information is the (standard) core of a … incentive compatible core can be empty, even if utility functions are quasi-linear. If, in addition to quasi-linearity, further … assumptions are made (like independent private values), the non-emptiness of the core follows nevertheless from d?Aspremont and …
Persistent link: https://www.econbiz.de/10010273735
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Core-stable rings in auctions with independent private values
Biran, Omer; Forges, Françoise - 2010
) coalitional equilibrium, describe a (cooperative) partition form game. A coalition is core-stable if the core of a suitable …
Persistent link: https://www.econbiz.de/10010273875
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Smooth multibidding mechanisms
Pérez-Castrillo, David; Quérou, Nicolas - 2011
We propose a smooth multibidding mechanism for environments where a group of agents have to choose one out of several projects. Our proposal is related to the multibidding mechanism (Pérez-Castrillo and Wettstein, 2002) but it is 'smoother' in the sense that small variations in an agent's bids...
Persistent link: https://www.econbiz.de/10010274916
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Would global patent protection be too weak without international coordination?
Lai, Edwin L.-C.; Yan, Isabel K.-M. - 2011
This paper analyzes the setting of national patent policies in the global economy. In the standard model with free trade and social-welfare-maximizing governments à la Grossman and Lai (2004), cross-border positive policy externalities induce individual countries to select patent strengths that...
Persistent link: https://www.econbiz.de/10010277393
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Aligning profit taxation with value creation
Richter, Wolfram F. - 2019
The OECD seeks to align transfer pricing and profit taxation with value creation but fails to provide a clear definition. This paper argues that value creation requires international cooperation and that the profit tax base should therefore be allocated according to standards commonly considered...
Persistent link: https://www.econbiz.de/10012018280
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Taxing Direct Sales of Digital Services: A Plea for Regulated and Internationally Coordinated Profit Splitting
Richter, Wolfram F. - 2018
The employment of capital is rival in nature. Small countries do not benefit from taxing its employment. By contrast, the use of digital services is non-rival and small countries do benefit from taxing expenditures on such services. In fact, some countries have already decided to tax digital...
Persistent link: https://www.econbiz.de/10011872074
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Taxing Intellectual Property in the Global Economy: A Plea for Regulated and Internationally Coordinated Profit Splitting
Richter, Wolfram F. - 2017
Inter-country equity in the taxation of IP is a contentious issue. With its BEPS initiative, the OECD aims at taxing in accordance with value creation even though there are admitted difficulties in determining the actual place of value creation. The European Commission promotes the introduction...
Persistent link: https://www.econbiz.de/10011698731
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Too Big to Prevail: The Paradox of Power in Coalition Formation
Ke, Changxia; Morath, Florian; Newell, Anthony; Page, Lionel - 2021
In standard coalition games, players try to form a coalition to secure a prize and a coalition agreement specifies how the prize is to be split among its members. However, in practical situations where coalitions are formed, the actual split of the prize often takes place after the coalition...
Persistent link: https://www.econbiz.de/10012582043
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The Impact of Rising Oil Prices on U.S. Inflation and Inflation Expectations in 2020-23
Kilian, Lutz; Zhou, Xiaoqing - 2021
points at the end of 2022. In contrast, the impact on measures of core inflation such as trimmed mean PCE inflation is only 0 …
Persistent link: https://www.econbiz.de/10012799755