Showing 101 - 110 of 169
We study strategic voting after weakening the notion of strategy-proofness to Ordinal Bayesian Incentive Compatibility (OBIC). Under OBIC, truthelling is required to maximize the expected utility being computed with respect to the voter's prior beliefs and under the assumption that everybody...
Persistent link: https://www.econbiz.de/10004979297
We examine a model of price competition where the firms simultaneously decide on both price and quantity, and are free to supply less than the quantity demanded. We demonstrate that if the tie-breaking rule is `non-manipulable', then, for a large class of rationing rules, there is a unique...
Persistent link: https://www.econbiz.de/10004979298
A popular form of action to curb child labor and uphold international labor standards in general is a `product boycott' by consumers. There are labeling agencies that inform us if, for instance, a carpet or a hand-stitched soccer ball is free of child labor. The presence of a consumer boycott...
Persistent link: https://www.econbiz.de/10004979299
In this paper, we analyze the cost allocation problem when a group of agents or nodes have to be connected to a source, and where the cost matrix describing the cost of connecting each pair of agents is not necessarily symmetric, thus extending the well-studied problem of minimum cost spanning...
Persistent link: https://www.econbiz.de/10004979300
Genetically modified seeds have to be approved by biosafety regulators before they can be commercialized. Illegal seeds are, however, common in many developing countries including Brazil, China and India. They potentially pose dangers to biosafety and also undermine the intellectual property...
Persistent link: https://www.econbiz.de/10004979301
Firm-level data have been used to estimate changes in factor efficiencies_imported inputs being one of them-- over three sub-periods, 1977-84, 1985-91 and 1992-99 respectively denoting eras before liberalization, partial liberalization of the automotive industries and economy-wide...
Persistent link: https://www.econbiz.de/10004979302
We examine a simple model of collusion under a single-object secondprice auction. Under the appropriate parameter conditions, in particular as long as collusion is neither too easy, nor too difficult, we find that the optimal policy involves both an effective ceiling, as well as a reserve price...
Persistent link: https://www.econbiz.de/10004979303
We study the assignment model where a collection of indivisible goods are sold to a set of buyers who want to buy at most one good. We characterize the extreme and interior points of the set of Walrasian equilibrium price vectors for this model. Our characterizations are in terms of demand sets...
Persistent link: https://www.econbiz.de/10004979304
In the strategic trade policy literature, the firms typically make positive profits at equilibrium policy levels. We show that this is not always true when firms from the developed (North) and developing (South) countries compete in the Northern market. In particular, the South firm may be...
Persistent link: https://www.econbiz.de/10004979305
Persistent link: https://www.econbiz.de/10004979306