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Three original microeconomic models of an externality market are described: (1) model of the marketable permits for exhalations emission, (2) model of optimal financial satisfaction of a damage caused by a negative externality in the economy with agents maximizing probability of their survival...
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English Abstract: Why is rent-seeking highly relevant for recent economic theory? In this paper, I argue that recent … criticism of rent seeking theory is not new and relevant. First, I explain the basis of rent seeking and the main contributions … to this theory. Then I explain the criticism of this approach, which attacks the static grounds of this theory stemming …
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partial and practical struggling open, hovewer, also some issues important for theory of international economics, for example …
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If taxes are the same across countries and no tariffs are imposed on international trade, the optimal strategy of a multinational firm is to set transfer prices at marginal costs of its affiliated firms. But in reality we observe trade tariffs and tax differences among countries which lead...
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