Similar Search Results

Krähmer, Daniel; Strausz, Roland - 2011

This paper considers the canonical sequential screening model and shows that when the agent has an expost outside option, the principal does not benefit from eliciting the agent's information sequentially. Unlike in the standard model without expost outside options, the optimal contract is...

Persistent link: https://www.econbiz.de/10010333968

Optimal Income Taxation and Public Good Provision in a Two-Class Economy

Bierbrauer, Felix - 2006

This paper combines the problem of optimal income taxation with the free-rider problem in public good provision. There are two groups of individuals with private information on their earning ability and their valuation of a public good. Adjustments of the transfer system are needed to discourage...

Persistent link: https://www.econbiz.de/10010333865

Indirect Taxation in Vertical Oligopoly

Peitz, Martin; Reisinger, Markus - 2009

This paper analyzes the effects of specific and ad valorem taxation in an industry with downstream and upstream oligopoly. We find that in the short run, i.e. when the number of firms in both markets is exogenous, the results concerning tax incidence tend to be qualitatively similar to models...

Persistent link: https://www.econbiz.de/10010333942

Migration and the Welfare State: The Economic Power of the Non-Voter?

Börner, Kira; Uebelmesser, Silke - 2005

This paper investigates the impact of emigration on the political choice regarding the size of the welfare state …. Mobility has two countervailing effects: the political participation effect and the tax base effect. With emigration, the … political majority has to take into account that emigration reduces tax revenues and thereby affects the feasible set of …

Persistent link: https://www.econbiz.de/10010333980

Delegation and communication

Arve, Malin; Honryo, Takakazu - 2015

This paper analyzes delegation and joint decision making in an environment with private information and partially aligned preferences. We compare the benefits of these two decision making procedures as well as the interaction between them. We give a condition under which delegation is preferred...

Persistent link: https://www.econbiz.de/10011350827

Mediated audits

Pollrich, Martin - 2015

I study the optimal audit mechanism when the principal cannot commit to an audit strategy. Invoking a relevation principle, the agent reports her type to a mediator whi assigns contracts and recommends the principla whether to audit. For each reported type the mediator randomizes over a...

Persistent link: https://www.econbiz.de/10011350828

Foreclosure auctions

Niedermayer, Andreas; Shneyerov, Artyom; Xu, Pia - 2015

We develop a novel theory of real estate foreclosure auctions, which have the special feature that the lender acts as a seller for low and as a buyer for high prices. The theory yields several empirically testable predictions concerning the strategic behavior of the agents, both under symmetric...

Persistent link: https://www.econbiz.de/10011350831

Crises and rating agencies: On the effect of aggregate uncertainty on rating agencies' incentives to distort ratings

Loerke, Petra; Niedermayer, Andreas - 2015

We analyze a rating agency's incentives to distort ratings in a model with a monopolistic profit maximizing rating agency, a continuum of heterogeneous firms, and a competitive market of risk-neutral investors. Firms sell bonds, the value of a firm's bond is known to the firm and observable by...

Persistent link: https://www.econbiz.de/10011350845

Buy-It-Now prices in eBay Auctions - The Field in the Lab

Grebe, Tim; Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2010

Electronic commerce has grown extraordinarily over the years, with online auctions being extremely successful forms of trade. Those auctions come in a variety of different formats, such as the Buy-It-Now auction format on eBay, that allows sellers to post prices at which buyers can purchase a...

Persistent link: https://www.econbiz.de/10010333716

Mediation in Situations of Conflict and Limited Commitment

Mitusch, Kay; Strausz, Roland - 2004

We study the reasons and conditions under which mediation is beneficial when a principal needs information from an agent to implement an action. Assuming a strong form of limited commitment, the principal may employ a mediator who gathers information and makes non-binding proposals. We show that...

Persistent link: https://www.econbiz.de/10010333731

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