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Cigno, Alessandro - 2014

Neither marriage nor a legally enforceable contract serves any useful purpose if the parties have access to a perfect credit market. In the presence of credit rationing, efficiency and utility equalization are guaranteed only by a legally enforceable contract. Separate-property marriage may...

Persistent link: https://www.econbiz.de/10013060466

Observable Strategies, Commitments, and Contracts

Warneryd, Karl - 2021

We consider rules (strategies, commitments, contracts, or computer programs) that make behavior contingent on an … restricting the rules deemed admissible. We instead limit the information available about rules. Each player can only observe …

Persistent link: https://www.econbiz.de/10013315559

Is Marriage as Good as a Contract?

Cigno, Alessandro - CESifo - 2013

Persistent link: https://www.econbiz.de/10010732344

A Theory of Government Procrastination

Furusawa, Taiji - 2011

We present a theory to explain government procrastination as a consequence of its present-bias resulting from the political uncertainty in a two-party political system. We show that under a two-party political system the party in office tends to be present-biased. This may lead to inefficient...

Persistent link: https://www.econbiz.de/10013117258

Consuming Your Way to Efficiency : Public Goods Provision Through Non-Distortionary Tax Lotteries

Giebe, Thomas - 2013

We revisit the classical result that financing a pure public good through taxation of private consumption is inefficient. To this standard setup we add a consumption contest in which consumers can win a prize. We show that an appropriately chosen contest — which we call a ‘tax lottery' —...

Persistent link: https://www.econbiz.de/10013082023

The Eurozone Needs Exit Rules

Fahrholz, Christian - 2013

of a centre-periphery system is captured by a threat game with perfect but incomplete information. To get close to the …

Persistent link: https://www.econbiz.de/10013090745

The European Commission - Appointment, Preferences, and Institutional Relations

Napel, Stefan - 2007

The paper analyzes the appointment of the European Commission as a strategic game between members of the European Parliament and the Council. The focal equilibrium results in Commissioners that duplicate the policy preferences of national Council representatives. Different internal decision...

Persistent link: https://www.econbiz.de/10012775808

Dream Teams and the Apollo Effect

Gershkov, Alex - 2017

We model leadership selection, competition, and decision making in teams with heterogeneous membership composition. We show that if the choice of leadership in a team is imprecise or noisy—which may arguably be the case if appointment decisions are made by non-expert administrators—then it...

Persistent link: https://www.econbiz.de/10012960092

How to Share it Out : The Value of Information in Teams

Gershkov, Alex - 2014

We study the role of information exchange, leadership and coordination in team or partnership structures. For this … held information on the joint production process. Once individual information is shared, team members decide individually … in this environment such that team members communicate their private information and exert efficient productive efforts …

Persistent link: https://www.econbiz.de/10013049204

Simultaneous Use of Black, Green, and White Certificates Systems : A Rather Messy Business

Amundsen, Eirik S. - 2016

We formulate a model with black, green and white certificates markets that function in conjunction with an electricity market. The markets function well in the sense that a common equilibrium solution exist, where all targets are satisfied (e.g. share of green electricity and share of energy...

Persistent link: https://www.econbiz.de/10012986657

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