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In this paper, intraseasonal fishing is modeled as a differential game between fishermen in a total allowable catch-regulated fishery with and without individual fishing quotas (IFQs). Heterogeneous harvest values are included by incorporating time-specific harvest costs and a stock effect into...
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Wage Dispersion and Efficiency. It is often assumed that markets generate efficient allocations, but these are not … compensating differentials will increase both efficiency and fairness, quite in line with the classical position taken by Adam …
Persistent link: https://www.econbiz.de/10003951472
We consider the efficiency of Cournot and Bertrand equilibria in a duopoly with substitutable goods where firms invest …
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Are competitive mechanisms perceived as just sources of economic inequality? Perceptions of fairness violations can have severe economic consequences, as they may cause counterproductive behavior such as rulebook slowdowns or quality shading. To analyze fairness perceptions associated with...
Persistent link: https://www.econbiz.de/10011404392
Are competitive mechanisms perceived as just sources of economic inequality? Perceptions of fairness violations can have severe economic consequences, as they may cause counterproductive behavior such as rulebook slowdowns or quality shading. To analyze fairness perceptions associated with...
Persistent link: https://www.econbiz.de/10011405188
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