Now showing items 1-7 of 7

    • Centralized decision making and informed lobbying 

      Lima, Rafael Coutinho Costa; Moreira, Humberto Ataíde; Verdier, Thierry
      2017-11
      We address the trade- off between centralized and decentralized decision making subject to influence from privately informed lobbies. We focus on informative equilibria with separating differentiable contribution schedules ...
    • Common agency and public good provision under asymmetric information 

      Martimort, David; Moreira, Humberto Ataíde
      2010-05
      The provision of public goods under asymmetric information has most often been viewed as a mechanism design problem under the aegis of an uninformed mediator. This paper focuses on institutional contexts without such a ...
    • First-price auctions without affiliation 

      Monteiro, P. K.; Moreira, Humberto Ataíde
      2006
      We give conditions for equilibrium existence in private value, symmetric, first-price auctions without affiliation assumptions. © 2005 Elsevier B.V. All rights reserved.
    • Information transmission and inefficient lobbying 

      Lima, Rafael Coutinho Costa; Moreira, Humberto Ataíde
      2014-07
      In a seminal paper, Grossman and Helpman (1994) introduced a framework to understand how lobbying influences the choice of import/export tariffs. In this paper we extend their analysis and assume that lobbies have private ...
    • Interest rates in trade credit markets 

      Barbosa, Klênio; Moreira, Humberto Ataíde; Novaes, Walter
      2017-02
      All things equal, interest rates should increase with the borrower's risk. And yet, Klapper, Laeven, and Rajan (2012) cannot find such a positive relation in a broad sample of trade credit contracts. We shed some light on ...
    • A model of mixed signals with applications to countersignalling 

      Araújo, Aloísio Pessoa de; Gottlieb, Daniel; Moreira, Humberto Ataíde
      2007
      We develop a job-market signalling model where signals convey two pieces of information. This model is employed to study countersignalling (signals nonmonotonic in ability) and the GED exam. A result of the model is that ...
    • Non-monotoniticies and the all-pay auction tie-breaking rule 

      Araújo, Aloísio Pessoa de; Castro, Luciano Irineu de; Moreira, Humberto Ataíde
      2008-06
      Discontinuous games, such as auctions, may require special tie-breaking rules to guarantee equilibrium existence. The best results available ensure equilibrium existence only in mixed strategy with endogenously defined ...