Now showing items 1-10 of 13
An axiomatization of success
In this paper we give an axiomatic characterization of three families of measures of success defined by Laruelle and Valenciano (2005) for voting rules.
Network formation under institutional constraints
We study the effects of institutional constraints on stability, efficiency and network formation. An exogenous "societal cover" consisting of a collection of possibly overlapping subsets covering the set of players specifies ...
Multimarket Competition and Welfare Effects of Price discrimination
The paper investigates the effects on welfare of price discrimination when a multimarket seller faces competition in one of its two markets. With respect to uniform pricing, price discrimination changes competition in such ...
A new look at Marx's refutation of Ricardo's refutation of the labor theory of value
In this paper, I would like to bring back to light the forgotten critique of Marx to the widely accepted view that Ricardo succeeded in refuting the universal validity of the labor theory of value in "Principles", chapter ...
Relocation and Investment in R&D by Firms
The literature on foreign direct investment has analyzed firms’ location decisions when they invest in R&D to reduce production costs. Such firms may set up new plants in other developed countries while maintaining their ...
Welfare Effects of Third-Degree Price Discrimination: Ippolito Meets Schmalensee and Varian
Based on a pioneering work by Ippolito (1980) we construct a simple model wich allows the welfare effects of third-degree price discrimination to be well understood and explained. The decomposition of the change in welfare ...
The SD-prenucleolus for TU games
We introduce and characterize a new solution concept for TU games. The new soluction is called SD-prenucleolus and is a lexicographic value although is not a weighted prenucleolus. The SD-prenucleolus satisfies several ...
Endogenous Timing in a Mixed Duopoly: Wighted Welfare and Price Competition
In this paper we analyse the endogenous order of moves in a mixed duopoly for differentiated goods. Firms choose whether to set prices sequentially or simultaneously. The private firm maximises profits while the public ...
Minority Language and the Stability of Bilingual Equilibria
We investigate a society with two official languages: A, shared by all individuals and B, spoken by a bilingual mirority. Thus, it is only B that needs t increase its population share, and therefore, only the language ...
Partial cross-ownership and strategic environmental policy
This paper analyzes the effect that passive investment in rival firms has on the setting of cooperative and non-cooperative environmental taxes. We consider two firms located in different countries, one of which owns a ...