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Now showing items 31-35 of 35
Social Conflict and the Stolper-Samuelson Theorem
(Vanderbilt University, 2011)
This paper presents a new theory of trade policy-making based on the possibility of social conflict, and determines the conditions under which it will apply. In a setting where property rights are poorly enforced, the paper ...
Economic Analysis of Products Liability: Theory
(Vanderbilt University, 2011)
This chapter provides a survey of much of the recent theoretical analysis of products liability. We start by describing an idealized model and providing the specific economic assumptions which underpin it. Later sections ...
Intergenerational Intermediation and Altruistic Preferences
(Vanderbilt University, 2011)
The paper analyzes the intermediation role of government under the assumption that it has an advantage over the private sector in collecting uncollateralized loan payments. It isshown that a government loan program may ...
Dominant Strategy Implementation with a Convex Product Space of Valuations
(Vanderbilt University, 2011)
A necessary and sufficient condition for dominant strategy implementability when preferences are quasilinear is that, for any individual i and any choice of the types of the other individuals, all k-cycles in i's allocation ...
Pampered Bureaucracy, Political Stability, and Trade Integration
(Vanderbilt University, 2011)
This paper shows how, under threat of revolution, a nation's elite are able to maintain political stability and hence ownership of their wealth by creating or expanding a `pampered bureaucracy.' The elite thus divert part ...