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This article considers a two-sided private information model. We assume that two exogenouslygiven qualities are offered in a monopolistic market. Prices are fixed. A low quality seller choosesto be either honest (by charging the lower market price) or dishonest (by charging the higherprice). We...
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We analyze two incentive mechanisms as a way of financing public goods. Our mechanism can be interpreted as a variation of a parimutuel lottery in which the total rebate (prize) is made endogenous by setting it equal to a non-increasing function of total bets. The mechanism changes the nature of...
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This paper makes a proposal for a taxonomy of boundary changes in Spanish municipalities along time. The different types of changes are organized in a hierarchy, as well as represented in a homogeneous manner, independently of the number of municipalities involved and of the changes suffered....
Persistent link: https://www.econbiz.de/10010986704
This paper provides empirical evidence on the relationship between indicators of competitive pressure and innovation incentives using panel data of Spanish manufacturing firms for the period 1990-2006. Instead of using standard indicators of competition, such as market concentration measures or...
Persistent link: https://www.econbiz.de/10010860691
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During the years of crisis, Spain’s autonomous communities have experienced a significant general increase in their deficits and, until 2012, have had severe difficulties to control them. Their debts have grown strongly and are considered the most worrying element of Spain’s public finance...
Persistent link: https://www.econbiz.de/10010860693
This paper aims to contribute to the literature on New Economic Geography by providing empirical evidence for the connections between new trade theory and the spatial distribution of economic activities. To do this, we apply Social Network Analysis specifically to the World Automotive Trade...
Persistent link: https://www.econbiz.de/10010860694