There is substantial empirical evidence and increasing recognition that not only outcomes, but also the procedures leading to them, can affect people' s utility from, and their reactions to, those decisions. However, there is still a large gap between numerous studies by non-economists (e.g.,...

Chapter 1: Efficient Design of an Auction with Discrete Bid Levels This paper studies one of auction design issues: the choice of bid levels. Full efficiency is generally unachievable with a discrete auction. Since there may be more than one bidder who submits the same bid, the auction cannot...

This study analyzes the sensitivity of trade flows to trade barriers from gravity equations, using different econometric techniques recently highlighted in the literature. Specifically, we compare a benchmark OLS fixed effects specification a la Feenstra (2002) with three emerging estimation...

Contributed Paper prepared for presentation at the International Association of Agricultural Economists Conference, Beijing, China, August 16-22, 2009

The successful literature about gravitational models stresses that bilateral trade flows among countries is influenced by GDP factors and transaction costs. In other words the mass of bilateral trade would be related to the typical demand-supply factors which explain the quantity of traded goods...

Megállapítható, hogy a Balatonnál a kis- és közepes vállalkozások csak úgy képesek felvenni a versenyt a globalizáció következtében piacot hódító multina-cionális vállalatokkal, hogy üzlethálózatokba tömörülnek. A kis- és középvállal-kozásoknak kínálnak megoldást...