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The purpose of this article is to provide an alternative antitrust model to the mainstream model that is used in competition policy. I call it the Institutional-Evolutionary Antitrust Model. In order to construct an antitrust model one needs both empirical knowledge and considerations of how to...
Persistent link: https://www.econbiz.de/10010324006
Der Jurist ist im Umgang mit Unsicherheit vor besondere Schwierigkeiten gestellt: Sein Instrumentarium ist weitgehend darauf ausgerichtet, mit statischen Situationen aufgrund einer präzisen Entscheidungsregel umzugehen. Unsicherheit und Risiko aber erlauben zunächst keine Präzision und keine...
Persistent link: https://www.econbiz.de/10010324010
This paper compares two instruments for implementing producer responsibility for used cars. The German regulatory solution, relying on take-back obligations for producers, free for the last holder, is contrasted with a rule of partial cost recovery. It is shown that the cost-recovery rule saves...
Persistent link: https://www.econbiz.de/10010324014
The analysis of common goods needs to look very carefully at the characteristics of the goods and of the social situations of their provision. Different characteristics lead to different strategic constellations and therefore to different opportunities for institutional solutions to the problems...
Persistent link: https://www.econbiz.de/10010324020
Persistent link: https://www.econbiz.de/10010324022
We consider temporal aggregation of stationary and nonstationary time series with short memory, long memory and antipersistence, within the framework of fractional autoregressive processes. Asymptotically, long memory and antipersistence are preserved whereas short memory components vanish. In...
Persistent link: https://www.econbiz.de/10010324023
In this paper data-driven algorithms for fitting SEMIFAR models (Beran, 1999) are proposed. The algorithms combine the data-driven estimation of the nonparametric trend and maximum likelihood estimation of the parameters. For selecting the bandwidth, the proposal of Beran and Feng (1999) based...
Persistent link: https://www.econbiz.de/10010324024
This paper studies non-cooperative commodity taxation in a trade model with im-perfect competition and trade costs. Nationally optimal tax policy simultaneously tries to correct the domestic distortion from imperfect competition and to shift rents to the home country. Importantly, this trade-off...
Persistent link: https://www.econbiz.de/10010324027
We prove an existence and uniqueness theorem for backward stochastic differential equations driven by a Brownian motion, where the uniform Lipschitz continuity is replaced by a stochastic one.
Persistent link: https://www.econbiz.de/10010324028
This paper examines the optimal production, export allocation and hedging decisions of a risk-averse international firm … allocation to different markets is separable from the firm's preferences and the joint distribution of the exchange rates. In … each currency. Then, both production and export allocation are separable. Hedging with forward contracts depends on risk …
Persistent link: https://www.econbiz.de/10010324029