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Competitive Markets without Commitment
Netzer, Nick; Scheuer, Florian - 2008
In the presence of a time-inconsistency problem with optimal agency contracts, we show that competitive markets implement allocations that Pareto dominate those achieved by a benevolent planner, they induce strictly more effort, and they sometimes make the commitment problem disappear entirely....
Persistent link: https://www.econbiz.de/10003894094
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Public input competition under Stackelberg equilibrium : a note
Liu, Yongzheng; Martinez-Vazquez, Jorge - 2014
Persistent link: https://www.econbiz.de/10010237789
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Interjurisdictional competition and location decisions of firms
Hernández-Murillo, Rubén - 2014
Persistent link: https://www.econbiz.de/10010423534
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Conflict, evolution, hegemony, and the power of the State
Levine, David K.; Modica, Salvatore - 2013
Persistent link: https://www.econbiz.de/10009768043
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Heterogeneous paths to stability
Di Porto, Edoardo; Tealdi, Cristina - 2022
Persistent link: https://www.econbiz.de/10013206284
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Actors, decision-making, and institutions in quantitative system modelling
De Cian, Enrica; Dasgupta, Shouro; Hof, Andries F.; … - 2017
Increasing the realism with respect to the representation of actors, decision-making, and institutions is critical to better understand the transition towards a low-carbon sustainable society since actors, decision-making, and institutions are the defining elements of transition pathways. In...
Persistent link: https://www.econbiz.de/10011715004
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Privatization and investment : crowding-out effects vs financial diversification
Girmens, Guillaume; Guillard, Michel - 2002
In this paper, we study the effect of share issue privatization (SIP) on private investment and financial market under … privatization (crowding-out effect). Vice-versa with risk aversion and perfect intertemporal substitutability (diversification … of the crowding-out effect, when the revenues of privatization are devoted to present public consumption. …
Persistent link: https://www.econbiz.de/10011598289
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The political economy of mass privatization and the risk of expropriation
Schmidt, Klaus M. - 1996
Persistent link: https://www.econbiz.de/10000952456
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Optimal fiscal policy in the design of social security reforms
Conesa, Juan Carlos (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003740844
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Regulatory independence and political interference : evidence from EU mixed-ownership utilities’ investment and debt
Cambini, Carlo; Rondi, Laura - 2010 - This draft: 11 May 2010
This paper examines the investment and financial decisions of a sample of 92 EU regulated utilities, taking into account key institutional features of EU public utilities, such as: a) regulation by agencies with various degrees of independence; b) partial ownership of the state in the regulated...
Persistent link: https://www.econbiz.de/10008729094