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    • Common agency with informed principals 

      Martimort, David; Moreira, Humberto Ataíde
      2004-06-01
      We analyze a common agency game under asymmetric information on the preferences of the non-cooperating principals in a public good context. Asymmetric information introduces incentive compatibility constraints which ...
    • Vintage capital, distortions and development 

      Pessôa, Samuel de Abreu; Rob, Rafael
      2002-05-16
      This paper asks to what extent distortions to the adoption of new technology cause income inequality across nations. We work in the framework of embodied technological progress with an individual, C.E.S. production function. ...