If firms compete in all-pay auctions with complete information, silent shareholdings introduce asymmetric externalities into the all-pay auction framework. If the strongest firm owns a large share in the second strongest firm, this may make the strongest firm abstain from bidding. As a...

In this paper, we provide an economic analysis that distinguishes neutral and discriminatory state taxation of interstate commerce.

Научно-практические исследования, связанные с определением условий устойчивого экономического развития Украины, чрезвычайно актуальны. В условиях...

Renewable Portfolio Standards (RPS) require electricity providers to supply a minimum fixed percentage or total quantity of customer load from designated renewable energy resources by a given date. These policies have become increasingly prevalent in the past decade as state governments seek to...