In the traditional Cournot model producers influence each other’s decisions through revenue earned in the product market. Rosen (1965) introduced the notion of a coupled constraints equilibrium which allowed players to ...

This paper analyzes relational contracts under moral hazard. We first show that if the available information (signal) about effort satisfies a generalized monotone likelihood ratio property, then irrespective of whether ...

Liberal egalitarian theories of justice argue that inequalities arising from non-responsibility factors should be eliminated, but that inequalities arising from responsibility factors should be accepted. The paper discusses ...

The middle of the nineteenth century has long been a challenge to researchers of ocean freight rates. The data originating from the circulars of the London shipbroker firm of Angier Brothers have been the basis of much ...

We describe a new approach to the problem of resolving distributional conflicts between an infinite and countable number of generations. We impose conditions on the social preferences that capture the following idea: ...

In the extended topical sphere of Regional Science, more scholars are addressing empirical questions using spatial and spatio-temoral data. An emerging challenge is to alert “new arrivals” to existing bodies of knowledge ...

Why do people in rich countries not transfer more of their income to people in the world's poorest countries? To study this question and the relative importance of needs, entitlements, and nationality in people's social ...

This paper deals with two questions: First, what are the determinants of FDI? Second, what is the role of FDI in economic development? In order to provide some answers to these questions, we draw upon the existing ...

Should an aid donor delegate the responsibility for allocating its budget to an agent less averse to inequality than itself in order to alleviate the Samaritan’s Dilemma it is facing? Despite the intuitive appeal of ...