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Persistent link: https://www.econbiz.de/10005634093
capture the complexity of economic networks, we propose two global measures that assess the trade integration and the trade … integration, which measures the impact of a perturbation in the economy of a country on another country, possibly through … only three partners. We also show that for some countries, the direct and indirect measures of trade integration diverge …
Persistent link: https://www.econbiz.de/10010735618
In this paper, wee propose a model for regulatory capture that is based on information transmission and asymmetric … information. In a three- tier model, a regulator is charged by a political principal to provide a signal for the type of a … information cost and the firm enjoys higher information rents. The main feature of soft capture is that it is not based on a …
Persistent link: https://www.econbiz.de/10008836131
the chain or costly vertical integration to solve the commitment problem. A two-stage supply chain under stochastic demand … and information asymmetry is modelled. A repeated investment-production game with coordinator commitment in supplier …'s investment addresses the information sharing and asset- specific investment problem. We provide a mitigation of the hold …
Persistent link: https://www.econbiz.de/10008836141
use of industry-commissioned consultants, experts and lobbyists that produce information for regulatory and policy use. A … firm and regulator, linked to the role of the regulator as information-processing intermediate for the political principal …. The firm puts processed but biased information at the free disposal of the regulator, 'no strings attached', who can then …
Persistent link: https://www.econbiz.de/10010927734
criminal suits, is analyzed in the framework of a two-sided incomlete information game. …
Persistent link: https://www.econbiz.de/10005779401
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A profit maximising auctioneer can provide a public good to a group of agents. Each group member has a private value for the good being provided to the group. We investigate an auction mechanism where the auctioneer provides the good to the group, only if the sum of their bids exceeds a reserve...
Persistent link: https://www.econbiz.de/10005779432