procurement in the public sector are discussed …

Procurement contracts are often incomplete because the initial plans and specifications are changed and refined after … and local market power, which are the focus on much of the literature on optimal procurement mechanisms, are much smaller …

An optimal linear world income tax that maximizes a border-neutral social welfare function provides a drastic reduction … in world consumption inequality, dropping the Gini coefficient from 0.69 to 0.25. In contrast an optimal decentralized (i ….e., within countries) redistribution has miniscule effect on world income inequality. Thus, the traditional public finance …

: the continued decline in Japanese FDI during a period of stable stock prices and a rapidly appreciating yen. However, when … are able to show that unequal access to credit by Japanese firms can explain the FDI puzzle in the 1990s. We utilize a … unique data set that links individual Japanese firms engaged in FDI to their main banks. Using both bank-level and firm …