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The Role and Evolution of Central Authorities

Frijters, Paul; Tieman, Alexander F. - 1999

In this paper we argue that authorities aid cooperation by means ofdirect coordination or the enforcement of re-commitment devices suchas contract laws.Credible threats of violence allow this role. In alocal interaction model, an authority forms if mutually connected individuals with sufficient...

Persistent link: https://www.econbiz.de/10010324664

Regulation of Road Accident Externalities When Insurance Companies Have Market Power

Dementieva, Maria - 2013

Accident externalities are among the most important external costs of road transport. We study the regulation of these when insurance companies have market power. Using analytical models, we compare a public-welfare maximizing monopoly with a private profit-maximizing monopoly, and markets where...

Persistent link: https://www.econbiz.de/10013088366

Step by Step : Revisiting Step Tolling in the Bottleneck Model

Lindsey, Robin; van den Berg, Vincent A.C; Verhoef, Erik T. - 2012

In most dynamic traffic congestion models, congestion tolls must vary continuously over time to achieve the full optimum. This is also the case in Vickrey's (1969) 'bottleneck model'. To date, the closest approximations of this ideal in practice have so-called 'step tolls,' in which the toll...

Persistent link: https://www.econbiz.de/10014188626

Fair Agreements for Sharing International Rivers with Multiple Springs and Externalities

van den Brink, René; van der Laan, Gerard; Moes, Nigel - 2010

) located along the river. The benefit of each agent depends on the amount of water consumed by the agent. An allocation of the … water among the agents is efficient when it maximizes the total benefits. To sustain an efficient water allocation, the … agents can compensate each other by paying monetary transfers. Every water allocation and transfer schedule yields a welfare …

Persistent link: https://www.econbiz.de/10014191059

Well-Being Inequality and Reference Groups - An Agenda for New Research

van Praag, B.M.S - 2010

It is argued that the concept of well-being inequality cannot be properly defined without taking the reference process into account. The reference effect depends on how frequently individuals compare with others and on the degree of social transparency in society. In this paper we employ the...

Persistent link: https://www.econbiz.de/10014191144