Showing 1 - 10 of 3,603
This paper analyses the effects of disease and war on the accumulation of human and physical capital. We employ an overlapping-generations frame-work in which young adults, confronted with such hazards and motivated by old-age provision and altruism, make decisions about investments in schooling...
Persistent link: https://www.econbiz.de/10012861271
This paper studies the optimal long-run public intervention in a two-period OLG model where the probability of surviving the first period and the length of the second period can be influenced by distinct policies. While the optimal size of public intervention depends on the extra-productivity of...
Persistent link: https://www.econbiz.de/10013317486
contracts literature hold up to recent empirical evidence. Guided by theory, we arrange services according to the type and …
Persistent link: https://www.econbiz.de/10012868004
We study the gains from trade in an economy with oligopolistic competition, firm heterogeneity, and innovation …. Oligopolistic competition together with free entry make markups responsive to firm productivity and trade costs. Lowering trade … incomplete pass-through of trade costs to export markups are strong enough to compensate for the increase in competition on …
Persistent link: https://www.econbiz.de/10012930693
The paper studies the impact of government budget constraint in a pure adverse selection problem of monopoly regulation. The government maximizes total surplus but incurs some cost of public funds. An alternative to regulation is proposed in which firms are free to enter the market and to choose...
Persistent link: https://www.econbiz.de/10012779949
We analyze strategic interactions between two competing distributors of an independent TV channel. Consistent with most of the relevant markets, we assume that the distributors set end-user prices while the TV channel sets advertising prices. Within this framework we show that the distributors...
Persistent link: https://www.econbiz.de/10013103607
prices and features of goods without incurring search costs. The platform alleviates sellers' competition by charging them …
Persistent link: https://www.econbiz.de/10012945113
competition between the TV channels, since they take into account the fact that a lower viewer price at one channel will harm …
Persistent link: https://www.econbiz.de/10013144903
We address the impact of corruption in a developing economy in the context of an empirically relevant hold-up problem - when a foreign firm sinks an investment to provide infrastructure services. We focus on the structure of the economy's bureaucracy, which can be centralized or decentralized,...
Persistent link: https://www.econbiz.de/10012778446
developing a novel approach to competition between different organizational forms, it frames the relevant trade-offs precisely …
Persistent link: https://www.econbiz.de/10012929480