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    • Entry and externality: hydroelectric generators in Brazil 

      Moita, Rodrigo Menon Simões
      2007-08-22
      This work analyzes the entry problem in the hydroelectric generation industry. The operation of a generator upstream regularizes the river flow for generators located downstream on the same river, increasing the production ...
    • Incomplete contracts and the problem of social harm 

      Pitchford, Rohan
      2000-08-24
      We construct a model in which a first mover decides on its location before it knows the identity of the second mover; joint location results in a negative extemality. Contracts are inherently incomplete since the first ...
    • Valuation equilibrium with crubs 

      Prescott, Edward C.; Cole, Harold Linh
      1994-09-08
      This paper considers model worlds in which there are a continuum of individuaIs who form finite sized associations to undertake joint activities. We show that if there are a finite set of types and the commodity space ...