Now showing items 21-40 of 159

  • The comparison of ad valorem and specific taxation under uncertainty 

    Kotsogiannis, Christos; Serfes, Konstantinos (Wiley Blackwell, 2013)
    The comparison between specific (per unit) and ad valorem (percentage) taxation has been one of the oldest issues in public finance. In Cournot markets, with deterministic costs structures, conventional wisdom has it that ...
  • The comparison of ad valorem and specific taxation under uncertainty 

    Kotsogiannis, Christos; Serfes, Konstantinos (Wiley Blackwell, 2013)
    The comparison between specific (per unit) and ad valorem (percentage) taxation has been one of the oldest issues in public finance. In Cournot markets, with deterministic costs structures, conventional wisdom has it that ...
  • The consequences of Zakat for capital accumulation 

    Ali, D.H. Norulazidah P.H. Omar; Myles, Gareth D. (Wiley-Blackwell, 2010-08)
    The payment of zakat by the owners of wealth is one of the five pillars of Islam. Many countries operate with no enforcement of the obligation to pay, making zakat a form of voluntary redistribution. We analyze how zakat ...
  • Contracting in the shadow of the law 

    Chakravarty, Surajeet; MacLeod, W. Bentley (Wiley, 2009-07)
    Economic models of contract typically assume that courts enforce obligations based on verifiable events (corresponding to the legal rule of specific performance). As a matter of law, this is not the case. This leaves open ...
  • The contribution of the UK’s Behavioural Insights Team 

    James, Simon (IGI Global, 2015-04)
    The purpose of this paper is to review and evaluate the work of the UK Behavioural Insights Team (BIT) in the light of the growing literature on behavioural economics. The Team was established in 2010 in the Cabinet Office ...
  • Coordinating climate and trade policies: Pareto efficiency and the role of border tax adjustments 

    Keen, Michael; Kotsogiannis, Christos (American Economic Association, 2012-11-22)
    This paper explores the role of trade instruments in globally efficient climate policies, focusing on the central issue of whether some form of border tax adjustment BTA) is warranted when carbon prices differ internationally. ...
  • Coordinating climate and trade policies: Pareto efficiency and the role of border tax adjustments 

    Keen, Michael; Kotsogiannis, Christos (Elsevier, 2014)
    This paper explores the role of trade instruments in globally efficient climate policies, focusing on whether or not some form of border tax adjustment (BTA) is warranted when carbon prices differ internationally. The ...
  • Decentralised bilateral trading in a market with incomplete information 

    Chatterjee, Kalyan; Das, Kaustav (University of Exeter, 2013-08)
    We study a model of decentralised bilateral interactions in a small market where one of the sellers has private information about her value. There are two identical buyers and another seller, whose valuation is commonly ...
  • Decentralised bilateral trading, competition for bargaining partners and the "law of one price" 

    Chatterjee, Kalyan; Das, Kaustav (Springer Verlag, 2015-01-10)
    This paper analyses a model of price formation in a market with a finite number of non-identical agents engaging in decentralised bilateral interactions. We focus mainly on equal numbers of buyers and sellers, though we ...
  • Developing country second-mover advantage in competition over environmental standards and taxes 

    Groenert, Valeska; Zissimos, Ben (Wiley-Blackwell, 2013)
    We show that, in competition between a developed country and a developing country over environmental standards and taxes, the developing country may have a ‘second-mover advantage.’ In our model, firms do not unanimously ...
  • Dividing the indivisible: procedures for allocating cabinet ministries to political parties in a parliamentary system 

    Brams, Steven J.; Kaplan, Todd R. (Sage, 2004)
    Political parties in Northern Ireland recently used a divisor method of apportionment to choose, in sequence, ten cabinet ministries. If the parties have complete information about each other’s preferences, we show that ...
  • Does AHP help us make a choice? - An experimental evaluation 

    Balkenborg, Dieter; Ishizaka, Alessio; Kaplan, Todd R. (Palgrave Macmillan, 2011)
    In this paper, we use experimental economics methods to test how well Analytic Hierarchy Process (AHP) fares as a choice support system in a real decision problem. AHP provides a ranking that we statistically compare with ...
  • Domestic and trade equivalences of state trading importers 

    McCorriston, Steve; MacLaren, Donald (Wiley, 2013-10-22)
    Market intermediaries in importing countries in the form of state trading enterprises (STEs) involve government manipulation of market structure that can be designated a nontariff measure because they are perceived to ...
  • Dynamic moral hazard and stopping 

    Mason, Robin; Valimaki, Juuso (Wiley-Blackwell, 2013-02-13)
    We propose a simple model of optimal stopping where the economic environment changes as a result of learning. A primary application of our framework is the problem of how optimally to sell an asset, when the demand for ...
  • Economic voting in Britain, 1857-1914 

    Hodgson, Robert; Maloney, John (Elsevier, 2012-12)
    Despite limited government control over the pre-1914 economy, opposition politicians were enthusiastic in blaming bad economic news on the incumbent. In a study of 458 by-elections between 1857 and 1914, we find that voters ...
  • The effect of social fragmentation on public good provision : an experimental study 

    Chakravarty, Surajeet; Fonseca, Miguel A. (Elsevier, 2014-12)
    We study the role of social identity in determining the impact of social fragmentation on public good provision using laboratory experiments. We find that as long as there is some degree of social fragmentation, increasing ...
  • The effects of market structure on industry growth: rivalrous nonexcludable capital 

    Koulovatianos, Christos; Mirman, Leonard J. (Elsevier, 2007-03)
    We analyze imperfect competition in dynamic environments where firms use rivalrous but nonexcludable industry-specific capital that is provided exogenously. Capital depreciation depends on utilization, so firms influence ...
  • Egocentric framing - one way people may fail in aswitch dilemma: evidence from excessive lane switching 

    Navon, David; Kaplan, Todd R.; Kasten, Ronen (Elsevier, 2013-11)
    To study switching behavior, an experiment mimicking the state of a driver on the road was conducted. In each trial participants were given a chance to switch lanes. Despite the fact that lane switching had no sound rational ...
  • Endogenous cartel formation: experimental evidence 

    Fonseca, Miguel A.; Normann, Hans-Theo (Elsevier, 2014-11)
    In a Bertrand-oligopoly experiment, firms choose whether or not to engage in cartel-like communication and, if so, they may get fined by a cartel authority. We find that the four-firm industries form cartels more often ...
  • Endogenous debt constraints in collateralized economies with default penalties 

    Vailakis, Yiannis; Martins-da-Rocha, V. Filipe (Elsevier, 2011)
    The objective of the paper is to propose endogenous debt constraints that rule out Ponzi schemes and ensure existence of equilibria in a model with limited commitment and (possible) default. We appropriately modify the ...