The paper focuses on the analysis of two selected problems in the organization of private fundgiving for cultural events and the design of related sponsor contracts. First, we want to answer the question: how can a government create incentives for private firms to sponsor cultural events?...

This paper adapts an incentive-compatible regulatory mechanism to the problem of taxing a foreign monopolist with unknown costs, when price and quantity contracts cannot be enforced. It is shown that the optimal mechanism involves an import licence fee, and yields zero expected revenue to the...

Technology effects, business process development, and productivity growth are considered in the context of a single company: Wal-Mart. The starting point is the 2001 McKinsey Global Institute report, which finds that over 1995-2000, a quarter of U.S. productivity growth is attributable to the...

This paper examines the role of product differentiation within the model of Sartzetakis (1997, 2004) and shows that consumer surplus may be reduced under a tradable emission permits system rather than a command and control system when there is a high degree of product differentiation or less...

Aprovechando un nuevo conjunto de datos que incluye el contenido tecnológico de cada producto así como su calidad, examinamos algunos aspectos del flujo del intercambio comercial entre Brasil y China y cuestionamos la postura de que el crecimiento de China implicaría una desindustrialización...

This paper demonstrates that financial deregulation is likely to make standard prudential regulatory instruments less effective in curbing excessive risk-taking incentives among banks. This has interesting implications for optimal bank regulation. When there is an increase in competition, the...

Hasta el momento, el análisis acerca de los mundos de producción de las pyme ha girado en torno a sus componentes, organización, políticas y tecnología, considerados soportes de la gestión económica, productiva y social de dichas empresas. Por ende, vistas así las pyme, se facilita la...

During the transition to a market economy, the state of many countries’ economies and the international textile industry face considerable challenges. There are many uncertainties surrounding the global textile market, exacerbated by gloomy predictions that for a decade should have been...

We identify the impact of intermediate goods markets imperfections on productivity downstream. Our empirical specification is based on a model of multifactor productivity (MFP) growth in which the effects of upstream competition can vary with distance to frontier. This model is estimated on a...

This paper provides an assessment of the mining sector and shows how it is critical for further sustainable growth in Mongolia. In 1990, Mongolia transferred from socialism to a parliamentary democracy and since then has implemented political and economic reforms that have constituted a sweeping...