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Now showing items 11-19 of 19
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 ...
Financial Collusion and Over-Lending
(Vanderbilt University, 2002)
We build a model consisting of a borrowing firm, a lending institution (bank), and a third party influencing loan decision-making (auditor/government regulator) where a low-type firm can bribe the auditor to file an ...
Can Micro-Credit Bring Development?
(Vanderbilt University, 2005)
We examine the long-run effects of micro-credit on development in an occupational choice model very similar to Banerjee and Newman (JPE, 1993). Micro-credit is modeled as a pure improvement in the credit market that opens ...
Imperfect Competition and Quality Signaling
(Vanderbilt University, 2005)
We examine the interplay of imperfect competition and incomplete information in the context of price competition among firms producing horizontally- and vertically-differentiated substitute products. We find that incomplete ...
Optimal Nonlinear Taxation of Income and Savingsin a Two Class Economy
(Vanderbilt University, 2005)
Optimal nonlinear taxation of income and savings is considered in a two-period model with two individuals who have additively separable preferences and who only differ in their skill levels. When the government can commit ...
Mass Torts and the Incentives for Suit, Settlement, and Trial'
(Vanderbilt University, 2007)
We explore how the incentives of a plaintiff and her attorney, when considering filing suit and bargaining over settlement, can differ between those suits associated with stand-alone torts cases and those suits involving ...
Communicating Quality: A Unified Model of Disclosure and Signaling
(Vanderbilt University, 2007)
Firms communicate product quality attributes to consumers through a variety of channels, such as pricing, advertising, releases of research reports and test results, or warranties and returns policies. The conceptualization ...
Products Liability, Signaling and Disclosure
(Vanderbilt University, 2006)
In this paper we examine the behavior of a firm that produces a product with a privately-observed safety attribute; that is, consumers cannot observe directly the product¬πs safety. The firm may, at a cost, disclose its ...
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 ...