Showing 1 - 10 of 302
-dependent externalities to the non-consumers. Resale markets for such goods are analysed in various institutional settings with complete …
Persistent link: https://www.econbiz.de/10005124469
We analyse the interaction of asymmetric industries in international vertically related markets. Each downstream firm bargains efficiently with its domestic supplier in a first stage and with the foreign supplier in a second stage. The asymmetry in upstream costs leads to inter-industry trade....
Persistent link: https://www.econbiz.de/10005789162
-constrained monetary economy with heterogenous agents and increasing returns to scale due to labour and capital productive externalities … (arbitrarily) small degree of (total) externalities provided that the share of labour externalities exceed a lower bound, which …
Persistent link: https://www.econbiz.de/10005504720
I consider a model where a principal decides whether to produce one unit of an indivisible good (e.g. a private school) and which characteristics it will contain (emphasis on language or science). Agents (parents) are differentiated along two substitutable dimensions: a vertical parameter that...
Persistent link: https://www.econbiz.de/10005498112
In many cultures and industries gifts are given in order to influence the recipient, often at the expense of a third party. Examples include business gifts of firms and lobbyists. In a series of experiments, we show that, even without incentive or in-formational effects, small gifts strongly...
Persistent link: https://www.econbiz.de/10011083305
optimal tax could exceed marginal external damages, which implies that externalities generated by oligopolistic firms could be …
Persistent link: https://www.econbiz.de/10005656132
-fulfilling expectations. We consider an overlapping generations economy with capital externalities and we focus on underemployment equilibria …. We find that for wide regions in the parameter space, including an arbitrarily small degree of externalities and a Cobb … that the role of unions in shaping local dynamics depends on technology (externalities and factor's substitutability …
Persistent link: https://www.econbiz.de/10005656164
-enhancing from the point of view of aggregate world welfare because it helps alleviate externalities arising from cross …
Persistent link: https://www.econbiz.de/10005661468
externalities. We show that the hold-up problem, which occurs if non-verifiable investments have external effects and parties cannot …
Persistent link: https://www.econbiz.de/10005661662
This paper studies a dynamic bargaining model with informational externalities between bargaining pairs. Two principals …
Persistent link: https://www.econbiz.de/10011083946