We provide an elementary proof showing how in economies with an arbitrary number of agents an arbitrary number of public goods and quasi-Linear utility functions, any efficient and individually rational mechanism is not strategy-proof for any economy satisfying a mild segularity requirement.

This paper develops a general equilibrium model of the gender wage up. The difference in earningsis a consequence of a demographic regularity -that men tend to marry younger women- whichlimits women´s labor mobility. However, couples are always free not to marry, and do so only if itis in...

In some pure moral hazard situations the principal can implement a first-best allocation using an incentive contract constructed on the basis of a first-best payment scheme. Such a contract relies on the possibility of discriminate actions according to the outcome by imposing a penalty whenever...

In our study we focus on the determinants of reputation and, in particular, on the relation between the quality of annual report disclosures of companies and their reputation. We try to bring together two strands of literature: the literature on corporate reputation and the literature on...