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Equilibrium and Media of Exchange in a Convex Trading Post Economy with Transaction Costs
Starr, Ross M. - Department of Economics, University of California-San … - 2006
General equilibrium is investigated with N commodities traded at N(N-1)/2 commodity-pairwise trading posts. Trade is a resource-using activity undertaken by firms recovering transaction costs through the spread between bid (wholesale) and ask (retail) prices (quoted as commodity rates of...
Persistent link: https://www.econbiz.de/10010536402
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Cartel detection in procurement markets
Hüschelrath, Kai; Veith, Tobias - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011
with an elevated risk of cartelization. We argue that customers of hard core cartels can have both incentives and … authority. The results not only suggest that monitoring procurement markets through screening tools has the potential of … endeavour to fight hard core cartels. …
Persistent link: https://www.econbiz.de/10009646593
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Spanish Merino Wools and the Nouvelles Draperies: An Industrial Transformation in the Late-Medieval Low Countries
Munro, John H. A. - University of Toronto, Department of Economics - 2005
This paper, a much revised version of an earlier paper (with different tables), seeks to explain why Spanish merino wools arrived so late in the Low Countries, only from the 1420s, why initially only those cloth producers known as the nouvelles draperies chose to use them, and why their resort...
Persistent link: https://www.econbiz.de/10005704802
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Private ordering, collective action, and the self-enforcing range of contracts
Mazé, Armelle; Ménard, Claude - In: European Journal of Law and Economics 29 (2010) 1, pp. 131-153
Persistent link: https://www.econbiz.de/10008480617
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Private Ordering, Collective Action, and the Self-Enforcing Range of Contracts. The Case of French Livestock Industry
Mazé, Armelle; Ménard, Claude - Département Sciences Sociales, Agriculture et … - 2010
Contract enforcement is acknowledged as a major issue in Law and in Economics. Contrasting substitution and complementary perspectives with respect to the role of private versus public enforcement institutions, this article analyses how contract law can support private institutions, and enhance...
Persistent link: https://www.econbiz.de/10011148953
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Private Ordering, Collective Action, and the Self-Enforcing Range of Contracts. The Case of French Livestock Industry
Mazé, Armelle; Ménard, Claude - HAL - 2010
Contract enforcement is acknowledged as a major issue in Law and in Economics. Contrasting substitution and complementary perspectives with respect to the role of private versus public enforcement institutions, this article analyses how contract law can support private institutions, and enhance...
Persistent link: https://www.econbiz.de/10010635194
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Multi-dimensional auctions under information asymmetry for costs and qualities
Papakonstantinou, A.; Bogetoft, P. - Volkswirtschaftliche Fakultät, … - 2012
This paper discusses the design of a novel multi-dimensional mechanism which allows a principal to procure a single project or an item from multiple suppliers through a two-step payment. The suppliers are capable of producing different qualities at costs which cannot exceed a certain value and...
Persistent link: https://www.econbiz.de/10011259763
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Procurement: The Transaction Costs Perspective in a Globalising World
Butter, Frank A.G. den - Tinbergen Institute - 2007
implies that transaction costs as part of total costs of ownership carry a large weight in procurement decisions. An analysis …
Persistent link: https://www.econbiz.de/10005144406
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TRANSACTION COSTS IN PUBLIC-PRIVATE PARTNERSHIPS: A FIRST LOOK AT THE EVIDENCE
Dudkin, Gerti; Valila, Timo - Economics Department, European Investment Bank (EIB) - 2005
transaction costs in public-private partnerships (PPPs). Given limited data availability, the analysis is confined to procurement … operational phase. Notably, no attempt is made to compare transaction costs in PPPs to those in traditional public procurement of … regards the level of transaction costs in the procurement phase, it is estimated that the total costs amount on average to …
Persistent link: https://www.econbiz.de/10005069913
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Farmer groups as a device to ensure the provision of green services in the Netherlands: a political economy perspective
Jongeneel, Roel; Pollman, Nico - European Association of Agricultural Economists - EAAE - 2014
, information problems, effectiveness, accountability, and procurement efficiency are analysed in a qualitative way. It is concluded …
Persistent link: https://www.econbiz.de/10011125090