effects of tenancy rent control on housing quality and maintenance. Since the discounted revenue received over a fixed …

have equilibrium or unemployment in the service sector. Market forces then lead to higher service prices, implying that the …

Service inputs are a key component of the costs of exporting, and contribute to explain the process of … export experience in a market are more likely to source service inputs from there. We rationalize this fact in a model where …

problem, we introduce a triple mechanism involving political information markets, reelection threshold contracts, and … democratic elections. An information market is used to predict the long-term performance of a policy, while threshold contracts … possible pitfalls of the mechanism. -- democracy ; elections ; information markets ; threshold contracts and triple mechanism …

in the spirit of Wilson (1977)'s 'anticipatory equilibrium' by introducing an additional stage in which initial contracts … consumers obtain their respective Wilson-Miyazaki-Spence (WMS) contract. Jointly profit-making contracts can also be sustained … as equilibrium contracts. However, the secondbest efficient WMS allocation is the unique equilibrium allocation under …