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Can crop purchase programs reduce poverty and improve welfare in rural communities? : evidence from the food reserve agency in Zambia
Fung, Winnie; Liverpool-Tasie, Lenis Saweda; Mason, Nicole - 2015
of these programs. This article considers one such program, the Zambian Food Reserve Agency (FRA), which purchases maize … from smallholder farmers at a pan-territorial price that typically exceeds maize market prices in surplus production areas … effects of the FRA's maize marketing activities on smallholder farm household welfare. Results suggest that FRA activities …
Persistent link: https://www.econbiz.de/10011346613
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Directed search in the housing market
Albrecht, James W.; Gautier, Pieter; Vroman, Susan B. - 2009
In this paper, we present a directed search model of the housing market. The pricing mechanism we analyze reflects the way houses are bought and sold in the United States. Our model is consistent with the observation that houses are sometimes sold above, sometimes below and sometimes at the...
Persistent link: https://www.econbiz.de/10003932400
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Market design for trading commoditized renewable energy
Heshmati, Almas; Abolhosseini, Shahrouz - 2014
Information and communication technology plays an important role in achieving a higher level of energy efficiency. In particular, energy efficiency can be achieved by integrating information technology into electricity networks to enable the interaction between suppliers and customers (smart...
Persistent link: https://www.econbiz.de/10010393862
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Equilibrium allele distribution in trading populations
Saint-Paul, Gilles (contributor) - 2006
This paper derives the conditions under which fitness-reducing alleles can survive in a long-run stationary equilibrium for a trading population, extending the results in Saint-Paul (2002) for arbitrary systems of sexual reproduction. -- trade ; genotypes ; natural selection ; gene-culture...
Persistent link: https://www.econbiz.de/10003297701
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Negative externalities and equilibrium existence in competitive markets with adverse selection
Siemens, Ferdinand von; Kosfeld, Michael - 2009
Rothschild and Stiglitz (1976) show that there need not exist a competitive equilibrium in markets with adverse selection. Building on their framework we demonstrate that externalities between agents - an agent's utility upon accepting a contract depends on the average type attracted by the...
Persistent link: https://www.econbiz.de/10003831629
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The impact of distributional preferences on (experimental) markets for expert services
Kerschbamer, Rudolf; Sutter, Matthias; Dulleck, Uwe - 2009
Credence goods markets suffer from inefficiencies arising from informational asymmetries between expert sellers and customers. While standard theory predicts that inefficiencies disappear if customers can verify the quality received, verifiability fails to yield efficiency in experiments with...
Persistent link: https://www.econbiz.de/10003931304
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Competition, cooperation, and corporate culture
Kosfeld, Michael (contributor);  … - 2007
Teamwork and cooperation between workers can be of substantial value to a firm, yet the level of worker cooperation often varies between individual firms. We show that these differences can be the result of labor market competition if workers have heterogeneous preferences and preferences are...
Persistent link: https://www.econbiz.de/10003603601
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Rent building, rent sharing : a panel country-industry empirical analysis
Askenazy, Philippe; Cette, Gilbert; Maarek, Paul - 2012
Through panel estimates using OECD country-industry statistics, this paper aims to clarify the determinants of rent creation and the mechanisms of rent sharing, and the role of market regulations in these processes. The empirical analysis is carried out in two steps. The first explains the rent...
Persistent link: https://www.econbiz.de/10009534964
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Meeting technologies and optimal trading mechanisms in competitive search markets
Lester, Benjamin; Visschers, Ludo; Wolthoff, Ronald - 2014
In a market in which sellers compete by posting mechanisms, we study how the properties of the meeting technology affect the mechanism that sellers select. In general, sellers have incentive to use mechanisms that are socially efficient. In our environment, sellers achieve this by posting an...
Persistent link: https://www.econbiz.de/10010387737
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The role of bounded rationality and imperfect information in subgame perfect implementation : an empirical investigation
Aghion, Philippe; Fehr, Ernst; Holden, Richard T.; … - 2015
In this paper we conduct a laboratory experiment to test the extent to which Moore and Repullo's subgame perfect implementation mechanism induces truth-telling in practice, both in a setting with perfect information and in a setting where buyers and sellers face a small amount of uncertainty...
Persistent link: https://www.econbiz.de/10010510004