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Tilting the Supply Schedule to Enhance Competition in Uniform-Price Auctions

LiCalzi, Marco; Pavan, Alessandro - 2003

Uniform-price auctions of a divisible good in fixed supply admit underpricing equilibria, where bidders submit high … the amount of divisible good on offer change endogenously with its (uniform) price. Precommitting to an increasing supply …

Persistent link: https://www.econbiz.de/10011325063

Price Competition with Information Disparities in a Vertically Differentiated Duopoly

Cavaliere, Alberto - 2004

differentiation, informed consumers exert a positive externality on the purchasers of the high quality good as its price decreases … when the share of informed consumers decreases. Considering also that the price of the low quality good increases with the … with pessimistic consumers we can explain demand collapses and insensitivity to price changes due to consumer suspicions …

Persistent link: https://www.econbiz.de/10011324907

Instant Efficient Pollution Abatement under Non-Linear Taxation and Asymmetric Information: The Differential Tax Revisited

Mensink, Paul - 2004

This paper analyzes incentives for polluting firms to exchange abatement cost information under the non-linear pollution tax scheme ('differential tax') introduced by Kim and Chang [J. Regul. Econom. 5, 1993, 193-197]. It shows that polluting firms have - under mild conditions - an incentive to...

Persistent link: https://www.econbiz.de/10011324997

Competition and Irreversible Investments under Uncertainty

Moretto, Michele - 2003

This paper examines the effect of competition on the irreversible investment decisions under uncertainty as a generalization of the "real option" approach. We examine this issue with reference to an industry where each firm has only one investment opportunity which is completely irreversible and...

Persistent link: https://www.econbiz.de/10011325060

A theory of strategic vertical DFI and the missing pollution-haven effect

Yu, Zhihao - 2002

This paper develops a theory of strategic vertical DFI (direct foreign investment) to suggest an explanation for the …-haven effects based on environmental compliance costs might be complicated by such strategic behaviour. The theory provides … particular implications for the empirical research in this area and some broader implications for the theory of DFI. …

Persistent link: https://www.econbiz.de/10011335715

Does competition at school matter? A view based upon the Italian and the Japanese experiences

Brunello, Giorgio; Ishikawa, Tsuneo - 1997

We present a model where the interaction between competition at school, industrial structure and labour market outcomes is characterised by the concept of Nash decentralised equilibrium. We show that the presence of spillovers and strategic complementarities could generate multiple equilibria....

Persistent link: https://www.econbiz.de/10011608317

Taxes versus quotas for a stock pollutant

Hoel, Michael; Karp, Larry S. - 1998

We compare the effects of taxes and quotas for an environmental problem in which the regulator and polluter have asymmetric information about abatement costs, and the environmental damage depends on the stock of pollution. We thus extend to a dynamic framework previous studies in which...

Persistent link: https://www.econbiz.de/10011608397

Tying governments' hands: Why harmonisation of environmental policies may be desirable

Johal, Surjinder; Ulph, Alistair M. - 1998

We consider environmental policy in a federal system where states face purely domestic environmental problems. It is normally argued that in this context, environmental policy is best set at the state level, perhaps because of better local information. To provide a rationale for federal...

Persistent link: https://www.econbiz.de/10011608463

Dominant Investors and Strategic Transparency

Perotti, Enrico C.; von Thadden, Ernst-Ludwig - 1999

trading to reduce price informativeness, while shareholder-run firms prefer more transparency. Our comparitive statics show …

Persistent link: https://www.econbiz.de/10011608488

Environmental dumping, transboundary pollution and asymmetric information: Some insights for the environmental regulation of the European electricity market

Bigano, Andrea - 1999

In this paper we extend a model by A. Ulph (1997) on the relationship between free trade agreements, environmental regulation and trade under imperfect competition. Ulph's model focused on the effectiveness of harmonisation policies against ecological dumping. It turned out that harmonised...

Persistent link: https://www.econbiz.de/10011608500