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dictatorship and the market generates welfare losses, relative to simple majority voting, if the committee is large enough. We test …
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distribution of values not very skewed. We test the theoretical implications by implementing a competitive vote market in the …
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and the market generates welfare losses, relative to simple majority voting, if the committee is large enough. We test the …
Persistent link: https://www.econbiz.de/10012462342
and the market generates welfare losses, relative to simple majority voting, if the committee is large enough. We test the …
Persistent link: https://www.econbiz.de/10013138767
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We analyze a divisible good uniform-price auction that features two groups each with a finite number of identical bidders. Equilibrium is unique, and the relative market power of a group increases with the precision of its private information but declines with its transaction costs. In line with...
Persistent link: https://www.econbiz.de/10011580637
Die Autorin analysiert in der vorliegenden Arbeit die Auswirkungen von Überlasten im Bereich Verkehrs-Infrastrukturen und konzipiert einen ordnungspolitischen Maßnahmenkatalog für eine effizientere Nutzung dieser Fazilitäten. Der ökonomische Basisvorschlag besteht in der Implementierung des...
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