This paper characterizes the optimal and efficient mechanisms to allocate simultaneously two substitute tasks to two suppliers. Two main results emerge from this analysis. First, even under some regularity conditions ...
Pastine, Ivan(Springer Science + Business Media, 2000-04)
This paper analyzes devaluations in a fixed exchange rate system by endogenizing both the speculation and devaluation decisions. It is shown that deterministic devaluation rules are generally sub-optimal for the central ...
We analyse how progressive taxation and education subsidies affect schooling decisions when the returns to education are stochastic. We use the theory of real options to solve the problem of education choice in a dynamic ...
We analyse how progressive taxation and education subsidies affect schooling decisions when the returns to education are stochastic. We use the theory of real options to solve the problem of education choice in a dynamic, ...
We analyse how progressive taxation and education subsidies affect schooling decisions when the returns to education are stochastic. We use the theory of real options to solve the problem of education choice in a dynamic ...
We analyse how progressive taxation and education subsidies affect schooling deci-
sions when the returns to education are stochastic. We use the theory of real options to solve the problem of education choice in a dynamic, ...
Recent theoretical work suggests that the presence of foreign direct investment
(FDI) lowers a country’s noncooperative Nash tariff. To test this hypothesis, we first
adapt the theoretical model formulated by Blanchard ...
The aim of this study is to obtain optimal decolourization conditions for Acid blue-7 (AB7) wastewater treatment by Ti/TiO2 photoelectrocatalysis using response surface methodology (RSM). On the basis of a three-variable ...
Drawing from the formal setting of the optimal tax theory (Mirrlees 1971), the paper identifies the level of Rawlsianism of some European social planner starting from the observation of the real data and redistribution ...
We develop a simple semiparametric framework for combining censored and uncensored samples so that the resulting estimators are consistent, asymptotically normal, and use all information optimally. No nonparametric smoothing ...