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We develop a model of lobbying in which a time and resource constrained policymaker first chooses which policy proposals to learn about, before choosing which to implement. The policymaker reviews the proposals of the interest groups who provide the highest contributions. We study how policy...
Persistent link: https://www.econbiz.de/10011295655
Climate change, security and cost of energy supplies, and the competitiveness of firms and economies have been focal points of the general political and economic policy debate in recent years. This article examines the choices in this field made at global level with the Kyoto Protocol and in...
Persistent link: https://www.econbiz.de/10013131185
Technology & Marketing Ventures, Inc. (TMVi) has developed a creative, integrated bi-partisan solution to jumpstart the American economy and create American jobs. To facilitate executing the plan, TMVi has architected and designed a focused collaborative network organization (CNO). The TMVi Tax...
Persistent link: https://www.econbiz.de/10013135414
A decision maker (DM) prefers to allocate a limited number of prizes to the highest-quality agents. She can learn about quality by reviewing some agents before awarding prizes. We introduce “Contests for Attention,” where agents make payments in competition for the DMs' limited attention. In...
Persistent link: https://www.econbiz.de/10013081092
I provide a brief introduction to the early literatures on Matching, Auctions, and Market Design.The design of matching markets and auctions has brought economic theory and practice together. Indeed, this is an area where microeconomic theory has had its largest direct impact. This is in part...
Persistent link: https://www.econbiz.de/10013082184
“King Solomon's Dilemma” is based on a biblical story and this can be considered as an allocation problem for an indivisible object among two players. An allocation is first-best if a social planner wants to assign the object without payment to the player whose valuation is the highest. We...
Persistent link: https://www.econbiz.de/10012836381
This paper compares and contrasts the processes used by the European, United Kingdom and Scottish parliaments in considering broadband policies, legislation, regulatory systems and outcomes, within a complex triple-tiered governance system. Broadband is of increasing importance due to the...
Persistent link: https://www.econbiz.de/10012935909
The Scottish Government has issued a prospectus for independence, should it win a plebiscite in September 2014. It plans independence to be in March 2016, together with accession to membership of the European Union. Its proposed arrangements for the regulation of broadcasting are presently very...
Persistent link: https://www.econbiz.de/10013058015
In order to encourage investment in telecommunication networks, governments have been encouraged to adopt a regulatory state model, with an independent regulatory authority that is subject to a system of appeals and to parliamentary oversight, providing different forms of accountability. The...
Persistent link: https://www.econbiz.de/10012987387
We study auction design when parties cannot commit themselves to the mechanism. The seller may change the rules of the game and the buyers choose their outside option at all stages. We assume that the seller has a leading role in equilibrium selection at any stage of the game. Stationary...
Persistent link: https://www.econbiz.de/10011591004