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We study the effect of voting when insiders ́public goods provision may affect passive outsiders. Without voting insiders ́contributions do not differ, regardless of whether outsiders are positively or negatively affected or even unaffected. Voting on the recommended contribution level...
Persistent link: https://www.econbiz.de/10010429972
We investigate the possibility of using public firms to regulate polluting emissions in a Cournot oligopoly where production takes place at constant returns to scale and entails a negative environmental externality. We model the problem as a differential game and investigate (i) the Cournot-Nash...
Persistent link: https://www.econbiz.de/10013128181
Persistent link: https://www.econbiz.de/10013137110
Persistent link: https://www.econbiz.de/10012783634
In this paper we focus on fair value measurements in the Financial Crisis and its (continuing) aftermath. We consider different ways of measuring fair value; and we use the experience of economies under stress, and where markets deviate significantly from textbook models of symmetric information...
Persistent link: https://www.econbiz.de/10012959838
This paper investigates how externalities from downstream competition shape sorting in upstream labor markets. We model it as a two-stage game: A first stage of simultaneous 1-to-1 matching between firms and managers and a second stage of Cournot competition among matched pairs. If firm...
Persistent link: https://www.econbiz.de/10012903067
We study the effect of voting when insiders' public goods provision may affect passive outsiders. Without voting insiders' contributions do not differ, regardless of whether outsiders are positively or negatively affected or even unaffected. Voting on the recommended contribution level enhances...
Persistent link: https://www.econbiz.de/10013044538
In a domestic market, a duopoly produces a homogeneous final good, pollution, pollution abatement and R&D. One of the firms (foreign) has superior technology. The government regulates the duopoly by levying a pollution tax to maximize domestic welfare. We consider the potential implementation of...
Persistent link: https://www.econbiz.de/10012928255
This paper studies pricing decisions in two-sided markets when platforms are needed simultaneously for the successful completion of a transaction. The model is a natural extension of the Cournot-Ellet theory of complementary monopoly featuring clear cut asymmetric single- and multihoming...
Persistent link: https://www.econbiz.de/10012709260
This paper studies the design of sin taxes when firms exercise market power. We outline an optimal tax framework that highlights how market power impacts the efficiency and redistributive properties of sin taxation, and quantify these effects in an application to sugar-sweetened beverage...
Persistent link: https://www.econbiz.de/10012623743