Producers or consumers faced with an increase in taxes are usually able to shift parts of it to other levels in the … value chain. We examine who is actually bearing the burden of increased energy taxes in the EU-area - consumers or exporters … bargaining power in contract renegotiations. By examining tax shifting in actual gas sales contracts we test whether this is the …

incomplete contract. It is shown that the efficiency of these solutions is very sensitive to the characteristics of the good or …

This paper considers the efficiency of a contestable natural monopoly if consumers are heterogeneous and the monopolist … consumers are induced to consume less than their first-best quantity, while high demand consumers buy a quantity where their …

conventional contract theory. Our three key insights are: First, inequity aversion plays a crucial role in the design of optimal …

Is the reputation of a firm tradeable when the previous owner has to retire even though ownership change is observable … good type. Hence reputation is tradeable, although ownership change is observable. In our model, reputation is an …

emerging economies. We show that governments in emerging economies are more concerned about their reputation and tend to ride … that would help prevent potential crises. We provide evidence of the relevance of this reputation mechanism. …

In this paper we develop a theory of patenting in which a firm preserves its reputation to only apply for a patent … reputation to be preserved in equilibrium and analyze which market environments are favorable for such an equilibrium to exist …

equilibria share some features with the ones of multi-sided reputation models. …