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We propose a static three-stage incentive-compatible, budget-balanced, execution-contingent scheme for a regulator to allocate biodiversity protection responsibilities across a landscape mosaic having multiple value-interdependent owners. The scheme motivates owners to truthfully report their...
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We focus on the effect of state versus private ownership on the rates of firm-specific productivity growth and cost … decline by developing a model of endogenous, firm-specific productivity growth and testing its implications against panel data … results show that state ownership can lower the long-run annual rate of productivity growth or cost decline, but not …
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