Showing 31 - 40 of 43,512
distortion is due to the externalities on agents' reservation utilities. In contrast, when the principal's offers are privately … observed, the distortion is due to the externalities arising at efficient trade profiles. When the principal can commit to an …
Persistent link: https://www.econbiz.de/10014216292
efficient, regardless of externalities created by interim actions. Otherwise, in the presence of externalities on outside …
Persistent link: https://www.econbiz.de/10014071741
where contracts may impose externalities on other agents. The paper derives several properties of the Markov perfect …
Persistent link: https://www.econbiz.de/10014029064
Persistent link: https://www.econbiz.de/10013460279
distortion is due to the externalities on agents' reservation utilities. In contrast, when the principal's offers are privately … observed, the distortion is due to the externalities arising at efficient trade profiles. When the principal can commit to an …
Persistent link: https://www.econbiz.de/10014209684
Persistent link: https://www.econbiz.de/10003417954
Persistent link: https://www.econbiz.de/10013260148
Persistent link: https://www.econbiz.de/10011568511
encompasses many economic models with externalities and outside options. We show that when outside options are pure (i …
Persistent link: https://www.econbiz.de/10011602846
We analyze the impact of three different transfer fee systems on payoffs, contract lengths, training and effort incentives in European football. The different regimes, being used until 1995 ("Pre-Bosman" or P), currently in use ("Bosman" or B), and recently approved ("Monti" or M) differ with...
Persistent link: https://www.econbiz.de/10011405887