We consider a leader and a subordinate he appoints who engage in team production. The public observes the organization’s performance, but is unable to determine the separate contributions of the leader and of the subordinate. The leader may therefore claim credit for the good work of his...

In this paper we compare the costs of two regulatory policies about the entry of new firms. We consider an incumbent firm that has more information about the market demand than the regulator. Then, the incumbent firm can use this advantage to persuade the regulator to make entry more difficult....

We study experimentally a standard four-player Hotelling game, with a uniform density of consumers and inelastic demand. The pure strategy Nash equilibrium configuration consists of two firms located at one quarter of the ``linear city'', and the other two at three quarters. We do not observe...

O CCP equivale a um acordo entre o CADE e a firma acusada de agir anticompetitivamente, com vistas a interromper a prática investigada dentro de um prazo estabelecido. Durante este compromisso, o processo fica suspenso e, após este período, se for concluído que a parte acusada se comportou...

Leniency programs have shown to be an important tool to fight cartels. By reducing fees or guaranteeing imunity against criminal prosecution, leniency programs provide incentives to cartelized firms to reveal the cartel activities. We reveal the recent literature on leniency programs as well as...

We apply the random fields framework proposed by Durlauf (1997) and Brock and Durlauf (2001) to a non-cooperative game of binary choices. We extend their model to allow for a more general distribution of the economic agents heterogeneity, in accordance with Glaeser and Scheinckman (2001). We...

A vegetação de caatinga, usada para produção de lenha e carvão, resulta em renda para as famílias rurais da região Nordeste. O Ibama cogitou o cancelamento da isenção de taxa de vistoria aos produtores de carvão com plano de manejo florestal. O modelo principal-agente desenvolvido...