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We consider taxes on firms which engage in rent-seeking contests. The taxes can be on realized profits or on rent-seeking expenditures, and the firms can engage in a context where either the hoghest bidder wins the prize, or else a firm's probability of winning equals the ratio of its...
Persistent link: https://www.econbiz.de/10005671610
This paper covers many of the technical issues needed to provide sound evaluation of transportation projects. However project evaluation is , in the end, for decision makers rather technicians. As noted, the need for formal tools as cost-benefit analysis arises because proposed projects create...
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Ancient industry wisdom has it that motion picture audiences and box office revenues are starkly uncertain. It is only with the development of the sciences of complexity that we can begin to grasp what very producer awaiting first-weekend box office reports about his movie has always known - the...
Persistent link: https://www.econbiz.de/10005671614
This paper develops new Bayesian methods for semiparametric inference in the partial linear Normal regression model. These methodes draw solely on teh Normal linear regression model with natural conjugate prior. Hence, analytical finite sample results are available which do not suffer form...
Persistent link: https://www.econbiz.de/10005671615
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We explain the plypaper effect (the tendency of a government's expenditures to increase by the amount of a grant it receives) as the result of rational calculations by voters who believe that a jurisdiction which won a grant is espatially competent. Similarly, a voter who sees that a neighboring...
Persistent link: https://www.econbiz.de/10005671617
People who suffer disutility from making mistakes may prefer to face consumption choices which reduce their chances of making mistakes. One consequence is that a firm may attract greater demand by charging a single price for different goods than by charging different prices for different goods.
Persistent link: https://www.econbiz.de/10005671618
Rising immigrant inflow have substantially affected the size and composition of the US workforce. They are also exerting an even bigger intergenerational effect: at present one-in-ten native born children are in the "second generation" - born to immigrant parents. In this paper we present a...
Persistent link: https://www.econbiz.de/10005671619