Showing 1 - 10 of 10,487
Persistent link: https://www.econbiz.de/10011995180
We examine the optimal financing of infrastructure when governments have limited financial commitment and can … expropriate rents from private sector firms that manage infrastructure. While private firms need incentives to implement projects … investors to fund infrastructure projects. Optimal financing involves government guarantees to investors against project failure …
Persistent link: https://www.econbiz.de/10013334350
Persistent link: https://www.econbiz.de/10014432627
We examine how the bidding environment may affect the outcome of tax competition between two countries (or two regions) in attracting a firm's foreign direct investment (FDI).We compare the equilibrium location choice and payoffs from an English auction, with both complete and incomplete...
Persistent link: https://www.econbiz.de/10003967774
Persistent link: https://www.econbiz.de/10012160517
A durable good monopolist faces a continuum of heterogeneous customers who make purchase decisions by comparing present and expected price-quality offers. The monopolist designs a sequence of price-quality menus to segment the market. We consider the Markov Perfect Equilibrium (MPE) of a game...
Persistent link: https://www.econbiz.de/10012619439
Our study proposes a novel mechanism to reduce information asymmetry about product quality between buyers and sellers. Product testing organizations like Consumer Reports (US) and Stiftung Warentest (Germany) seek to reduce this asymmetry by providing credible information. However, limited...
Persistent link: https://www.econbiz.de/10012405619
Persistent link: https://www.econbiz.de/10011607827
Persistent link: https://www.econbiz.de/10011592082
Persistent link: https://www.econbiz.de/10011991407