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Inefficiency and Social Exclusion in a Coalition Formation Game

Okada, Akiro; Riedl, Arno - Department of Economics and Finance Research and … - 1999

This paper reports the results of experiments involving a 3-person coalition formation game with an ultimatum bargaining character. The grand coalition was always the efficient coalition decision, whereas the values of the 2-person coalitions are varied such that they lead to an efficiency loss...

Persistent link: https://www.econbiz.de/10005764158

A characterization of inefficiency in stochastic overlapping generations economies

BLOISE, Gaetano; CALCIANO, Filippo L. - Center for Operations Research and Econometrics (CORE), … - 2007

In this paper, we provide a characterization of interim inefficiency in stochastic economies ofoverlapping generations … establishing a criterion for inefficiency. In addition, for sequentially incomplete markets, we adopt a suitable notion of … unambiguous inefficiency, separating the inefficient intertemporal allocation of resources from incomplete risk …

Persistent link: https://www.econbiz.de/10005065350

Adverse Selection and Risk Aversion in Capital Markets

Braido, Luis H. B.; da Costa, Carlos Eugênio Ellery Lustosa - Department of Economics, University of Alberta - 2009

We generalize the Boadway and Keen (2006) model of adverse selection in a capital market to allow for risk aversion on the part of entrepreneurs. We show that the Boadway and Keen conclusion-that adverse selection leads to excessive investment-does not necessarily hold when entrepreneurs are...

Persistent link: https://www.econbiz.de/10005091313

Endogenous community formation and collective provision: A procedurally fair mechanism

Güth, Werner - 2013

A group of actors, individuals or firms, can engage in collectively providing projects which may be costly or generating revenues and which may benefit some and harm others. Based on requirements of procedural fairness (Güth and Kliemt, 2013), we derive a bidding mechanism determining...

Persistent link: https://www.econbiz.de/10010323894

Social Investment Funds in Sweden: Status and Design Issues

Hultkrantz, Lars; Vimefall, Elin - 2016

Long-term investments in individual and social human capital, such as preschool, school, family support, early-intervention for youth at risk and other programmes that are part of the welfare services provided by local government in Sweden are generally managed with one-year-ahead budget...

Persistent link: https://www.econbiz.de/10012654412

10 Jahre Nationaler Normenkontrollrat: Ein bewährtes Konzept zum Bürokratieabbau weiterentwickeln

Kroker, Rolf; Bardt, Hubertus - 2016

Persistent link: https://www.econbiz.de/10011519120

Do customs trade facilitation programmes help reduce customs-related corruption?

Michael, Bryane; Ferguson, Frank; Karimov, Alisher - 2012

Customs-related corruption costs World Customs Organisation (WCO) members at least $2 billion in customs revenue each year. Using recent data only about bribe payers' actual experiences in paying bribes, we show that trade facilitation would only help reduce corruption and improve efficiency -...

Persistent link: https://www.econbiz.de/10010513660

10 Jahre Nationaler Normenkontrollrat : ein bewährtes Konzept zum Bürokratieabbau weiterentwickeln

Kroker, Rolf; Bardt, Hubertus - 2016

Persistent link: https://www.econbiz.de/10011515957

The Problem with the Holdout Problem

Lopez, Edward J. - 2013

Recent theoretical work has investigated the exact mechanism(s) by which the holdout problem creates inefficiency and …. It depends on the relative magnitudes of the market and political sources of inefficiency. This analysis informs the …

Persistent link: https://www.econbiz.de/10013084524

Land Dispute, Property Hoarding and Social Uprising in Sudan

Mohamed, Issam A.W. - 2014

Under the present civil Sudanese conditions, the country endures many hardships which are manifested in economic retraction, inflation, recession and stagflation. However, those are not the sole reasons for the sporadic conflicts that infest the people. Illegitimate property and economic...

Persistent link: https://www.econbiz.de/10013067929