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Market-Minded Informational Intermediary and Unintended Welfare Loss

Xu, Wenji; Yang, Kai Hao - 2022

This paper examines the welfare effects of informational intermediation. A (shortlived) seller sets the price of a product that is sold through a (long-lived) informational intermediary. The intermediary can disclose information about the product to consumers, earns a fixed percentage of the...

Persistent link: https://www.econbiz.de/10013295534

Optimal Income Taxation

Kaplow, Louis - National Bureau of Economic Research - 2022

This article explores subjects in optimal income taxation characterized by recent research interest, practical importance in light of concerns about inequality, potential for misunderstanding, and prospects for advancement. Throughout, the analysis highlights paths for further investigation....

Persistent link: https://www.econbiz.de/10013334417

Information transmission and ownership consolidation in aid programs

Dreher, Axel; Marchesi, Silvia - 2013

example of a "delegation-scheme." Conversely, project aid represents a more "centralized" type of aid. According to the theory …

Persistent link: https://www.econbiz.de/10010199746

Information Transmission and Ownership Consolidation in Aid Programs

Dreher, Axel - 2013

example of a “delegation-scheme.” Conversely, project aid represents a more “centralized” type of aid. According to the theory …

Persistent link: https://www.econbiz.de/10013073609

Information Transmission and Ownership Consolidation in Aid Programs

Dreher, Axel - 2013

example of a delegation-scheme." Conversely, project aid represents a more "centralized" type of aid. According to the theory …

Persistent link: https://www.econbiz.de/10013074532

Information Transmission and Ownership Consolidation in Aid Programs

Dreher, Axel - 2017

We investigate the degree of leeway donors of foreign aid should grant to recipient governments when their preferences over how to implement the aid are different, and both the donor and recipient possess some private information about the most effective policies. Intuitively, our model shows...

Persistent link: https://www.econbiz.de/10012965388

Information Transmission and Ownership Consolidation in Aid Programs

Dreher, Axel; Marchesi, Silvia - 2014

example of a "delegation-scheme." Conversely, project aid represents a more "centralized" type of aid. According to the theory …

Persistent link: https://www.econbiz.de/10014149197

A Model of Secular Migration from Centralized to Decentralized Trade

Cai, Zhifeng; Dong, Feng - 2020

A large number of financial assets are traded in both exchanges and over-the-counter markets (i.e., centralized and decentralized markets, CM and DM hereafter, respectively). Moreover, as documented by Biais and Green (2019), the 20th century has witnessed a secular migration of asset trade from...

Persistent link: https://www.econbiz.de/10012663138

A model of secular migration from centralized to decentralized trade

Cai, Zhifeng; Dong, Feng - 2021 - This Version: November, 2019

Persistent link: https://www.econbiz.de/10012663658

Mobile internet access and the desire to emigrate

Adema, Joop; Aksoy, Cevat Giray; Poutvaara, Panu - 2022

In this paper, we present theory and global evidence on how mobile internet access affects desire and plans to emigrate …. Our theory predicts that mobile internet access increases desire and plans to emigrate. Our empirical analysis combines …-middle-income countries. In line with our theory, an important mechanism appears to be that access to the mobile internet lowers the cost of …

Persistent link: https://www.econbiz.de/10013202398