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it right away. The advantage to the state and its citizens is that monopoly efficiency does not just serve the monopolist …, Subsidies, and Revenue; H21 - Efficiency; Optimal Taxation; H25 - Business Taxes and Subsidies; H27 - Other Sources of Revenue) …
Persistent link: https://www.econbiz.de/10011259773
In both developed and developing countries, there are basically two main sources of economic instability: exogenous shocks and inappropriate policies. Exogenous shock (terms-of-trade shocks, natural disasters and capital flow reversals) can throw an economy into disequilibrium and therefore...
Persistent link: https://www.econbiz.de/10005836865
In many auctions, a good match between the bidder and seller raises the value of the contract for both parties although information about the quality of the match may be incomplete. This paper examines the case in which the bidder is better informed about the quality of his match with the seller...
Persistent link: https://www.econbiz.de/10008490104
This paper reports on the design of a novel two-stage mechanism, based on strictly proper scoring rules, that allows a centre to acquire a costly forecast of a future event (such as a meteorological phenomenon) or a probabilistic estimate of a specific parameter (such as the quality of an...
Persistent link: https://www.econbiz.de/10011109324
This paper reports on the design of a novel two-stage mechanism, based on strictly proper scoring rules, that allows a centre to acquire a costly probabilistic estimate of some unknown parameter, by eliciting and fusing estimates from multiple suppliers. Each of these suppliers is capable of...
Persistent link: https://www.econbiz.de/10011258050
This paper provides a limit result for the provision of a public good in a mechanism design framework as the number of agents gets large. What distinguishes the public good investigated in this analysis is its direct provision technology which is commonplace in modern information technologies.
Persistent link: https://www.econbiz.de/10005789399
In this paper, we consider a model that suggests that the theory of exchange with asymmetric information seems suitable to provide a possible explanation model of occurrence and duration of civil wars. We show that although civil conflicts are not Pareto optimal ex post they may be Pareto...
Persistent link: https://www.econbiz.de/10011107840
In the market game presented here, sellers offer trade mechanisms to buyers, and buyers randomize over the sellers they visit. The distribution of buyers across sellers is endogenous and depends on all of the transaction opportunities existing in the market. Sellers choose from a broad class of...
Persistent link: https://www.econbiz.de/10005835726
property rights allocation on the economic efficiency of the management strategies is studied. …
Persistent link: https://www.econbiz.de/10011260579
competition law have always been limited to enhancing efficiency and consumer welfare, with this latter term being understood in a …This article presents the main issues relating to the goals of modern Polish competition law. It examines the … relationship between the subject-matter of competition law, its function and its goals. It identifies various goals of competition …
Persistent link: https://www.econbiz.de/10008599127