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Policies to internalize reciprocal international spillovers

Altemeyer-Bartscher, Martin (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003499681

Insurance and incentives in sharecropping

Braido, Luis H. B. - 2003

design of tenancy contracts. The essay then concludes with a brief summary discussing some important policy implications. …

Persistent link: https://www.econbiz.de/10011404325

Tenancy rent control and credible commitment in maintenance

Arnott, Richard; Shevyakhova, Elizaveta - 2014

Under tenancy rent control, rents are regulated within a tenancy but not between tenancies. This paper investigates the … effects of tenancy rent control on housing quality and maintenance. Since the discounted revenue received over a fixed …-duration tenancy depends only on the starting rent, intuitively the landlord has an incentive to spruce up the unit between tenancies …

Persistent link: https://www.econbiz.de/10010237287

The effects of land redistribution : evidence from the French Revolution

Finley, Theresa; Franck, Raphaël; Johnson, Noel D. - 2020

This study exploits the confiscation and auctioning off of Church property that occurred during the French Revolution to assess the role played by transaction costs in delaying the reallocation of property rights in the aftermath of fundamental institutional reform. French districts with a...

Persistent link: https://www.econbiz.de/10012299758

Financial constraints and moral hazard : the case of franchising

Fan, Ying; Kühn, Kai-Uwe; Lafontaine, Francine - 2013

Financial constraints are an important impediment to the growth of small businesses. We study theoretically and empirically how the financial constraints of agents affect their decisions to exert effort, and, hence the organizational decisions and growth of principals, in the context of...

Persistent link: https://www.econbiz.de/10010210716

Costly enforcement of property rights and the Coase theorem

Robson, Alexander R. W.; Skaperdas, Stergios - 2002

We examine a setting in which property rights are initially ambiguously defined. Whether the parties go to court to remove the ambiguity or bargain and settle privately, they incur enforcement costs. When the parties bargain, a version of the Coase theorem holds. Despite the additional costs of...

Persistent link: https://www.econbiz.de/10011410656

Black sheep or scapegoats? : implementable monitoring policies under unobservable levels of misbehavior

Buechel, Berno; Mühlheußer, Gerd - 2014

An authority delegates a monitoring task to an agent. It can only observe the number of detected offenders, but neither the monitoring intensity chosen by the agent nor the resulting level of misbehavior. We provide a necessary and sufficient condition for the implementability of monitoring...

Persistent link: https://www.econbiz.de/10010256706

Inside the crystal ball : new approaches to predicting the gasoline price at the pump

Baumeister, Christiane; Kilian, Lutz; Lee, Thomas - 2016

Although there is much interest in the future retail price of gasoline among consumers, industry analysts, and policymakers, it is widely believed that changes in the price of gasoline are essentially unforecastable given publicly available information. We explore several new forecasting...

Persistent link: https://www.econbiz.de/10011429580

Cooperation, motivation and social balance

Bosworth, Steven; Singer, Tania; Snower, Dennis J. - 2016

This paper examines the reflexive interplay between individual decisions and social forces to analyze the evolution of cooperation in the presence of "multi-directedness," whereby people's preferences depend on their psychological motives. People have access to multiple, discrete motives....

Persistent link: https://www.econbiz.de/10011431001

The economics of investor protection : ISDS versus national treatment : presented at CESifo Area Conference on Global Economy, May 2015

Kohler, Wilhelm; Stähler, Frank - 2016 - Version of February 16, 2016

This paper scrutinizes the effects of investor-state dispute settlements (ISDS) and national treatment provisions in a two-period model where foreign investment is subject to domestic regulation and a holdup problem. It shows that ISDS can mitigate the holdup problem and increases aggregate...

Persistent link: https://www.econbiz.de/10011431559

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