Similar Search Results

On the Efficiency of Competitive Equilibria with Pandemics

Chari, Varadarajan V.; Kirpalani, Rishabh; Pérez, Luis - National Bureau of Economic Research - 2023

The epidemiological literature suggests that virus transmission occurs only when individuals are in relatively close contact. We show that if society can control the extent to which economic agents are exposed to the virus and agents can commit to contracts, virus externalities are local, and...

Persistent link: https://www.econbiz.de/10014250134

Optimal Income Taxation

Kaplow, Louis - National Bureau of Economic Research - 2022

This article explores subjects in optimal income taxation characterized by recent research interest, practical importance in light of concerns about inequality, potential for misunderstanding, and prospects for advancement. Throughout, the analysis highlights paths for further investigation....

Persistent link: https://www.econbiz.de/10013334417

Flow Trading

Budish, Eric B.; Cramton, Peter C.; Kyle, Albert S.; … - National Bureau of Economic Research - 2023

We introduce and analyze a new market design for trading financial assets. The design allows traders to directly trade any user-defined linear combination of assets. Orders for such portfolios are expressed as downward-sloping piecewise-linear demand curves with quantities as flows...

Persistent link: https://www.econbiz.de/10014250116

Detection of Bid Rigging in Procurement Auctions

Porter, Robert H. - 1992

order to determine whether bid rigging occurred. Detection of collusion is possible because of limited participation in the … bid on most jobs. The apparent role of ring meetings prior to the auction was to designate a serious bidder, and its bid …

Persistent link: https://www.econbiz.de/10012474967

Marketing Agencies and Collusive Bidding in Online Ad Auctions

Decarolis, Francesco - 2017

efficiency of both the Generalized Second Price auction (GSP, used by Google and Microsoft-Bing and Yahoo!) and the of VCG … mechanism (used by Facebook). We find that, despite its well-known susceptibility to collusion, the VCG mechanism outperforms … the GSP auction both in terms of revenues and efficiency …

Persistent link: https://www.econbiz.de/10012453751

Robbing Peter to Pay Paul? The Redistribution of Wealth Caused by Rent Control

Ahern, Kenneth R.; Giacoletti, Marco - National Bureau of Economic Research - 2022

We use the price effects caused by the passage of rent control in St. Paul, Minnesota in 2021, to study the transfer of wealth across income groups. First, we find that rent control caused property values to fall by 6-7%, for an aggregate loss of $1.6 billion. A calibrated model of house prices...

Persistent link: https://www.econbiz.de/10013210111

Optimal Age-based Policies for Pandemics : An Economic Analysis of Covid-19 and Beyond

Brotherhood, Luiz Mário; Kircher, Philipp; Santos, Cézar - National Bureau of Economic Research - 2024

This paper investigates the importance of the age composition for pandemic policy design. To do so, it introduces an economic framework with age heterogeneity, individual choice, and incomplete information, emphasizing the value of testing. Calibrating the model to the US Covid-19 pandemic...

Persistent link: https://www.econbiz.de/10014576587

Voting on Public Goods : Citizens vs. Shareholders

Döttling, Robin; Levit, Doron Y.; Malenko, Nadya; … - National Bureau of Economic Research - 2024

We study the interplay between a "one person-one vote" political system and a "one share-one vote" corporate governance regime. The political system sets Pigouvian subsidies, while corporate governance determines firm-specific public good investments. Our analysis highlights a two-way feedback...

Persistent link: https://www.econbiz.de/10014576634

Beyond Pigou : Externalities and Civil Society in the Supply-Demand Framework

Mulligan, Casey B. - National Bureau of Economic Research - 2023

The extent of voluntary cooperation in the presence of externalities is shown as an equilibrium outcome in the supply and demand framework. The analysis uses familiar ingredients to provide a new way of understanding the results of the extensive literature beginning with Buchanan, Coase, Ostrom,...

Persistent link: https://www.econbiz.de/10014248013

Internalizing Externalities : Disclosure Regulation for Hydraulic Fracturing, Drilling Activity and Water Quality

Bonetti, Pietro; Leuz, Christian; Michelon, Giovanna - National Bureau of Economic Research - 2023

The rise of shale gas and tight oil development has triggered a major debate about hydraulic fracturing (HF). In an effort to mitigate risks from HF, especially with respect to water quality, many U.S. states have introduced disclosure mandates for HF wells and fracturing fluids. We use this...

Persistent link: https://www.econbiz.de/10013537736

1
2
3
4
5
6
7
8
9
10
Next
Last