Now showing items 1-8 of 8

    • Contractual solutions to the holdup problem: a survey 

      Paulo, Cinthia Konichi
      2011-07-12
      In this survey, we presented the general idea and main results from what we understand that are the most important contributions to contractual solutions to the holdup problem literature. The aim of this paper is to push ...
    • 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 ...
    • Laws stop at borders but guns do not: spillovers from right-to-carry legislation in the United States 

      Laplana, Antonio de Araujo
      2018-03-26
      This paper investigates the following research questions: (i) Do changes in Concealed Carry Weapon (CCW) legislation affect crime? (ii) In the case it does affect crime, are there spillover effects on crime rates in ...
    • Non-emptiness of the alpha-core 

      Martins-da-Rocha, Victor Filipe; Yannelis, Nicholas C.
      2011-05-06
      We prove non-emptiness of the alpha-core for balanced games with non-ordered preferences, extending and generalizing in several aspects the results of Scarf (1971), Border (1984), Florenzano (1989), Yannelis (1991) and ...
    • Payoff interdependence and information externalities 

      Martensen, Kaj
      2000-01-14
      This paper studies entry under information and payoff externalities. We consider a sequential investment game with uncertain payoffs where each firm is endowed with a private signal about profitability. It is shown that ...
    • Testing the externalities hypothesis of endogenous growth using cointegration 

      Issler, João Victor; Ferreira, Pedro Cavalcanti
      1994-04
      The initial endogenous growth models emphasized the importance of externaI effects in explaining sustainable growth across time. Empirically, this hypothesis can be confirmed if the coefficient of physical capital per hour ...
    • 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 ...