11 research outputs found
Volatility and Correlations for Stock Markets in the Emerging Economies of Central and Eastern Europe: Implications for European Investors
Full text linkDeterminación de la importancia de las variables ambientales en la demanda total del turismo en América latina
No full text
Constrained equilibrium in a bidding problem
No full textConstrained equilibrium, Quantity bidding, Prorated distribution, Nash equilibrium, Licenses-on-demand, C70,
Changes in Market Responses to Financial Statement Restatement Announcements in the Sarbanes-Oxley Era
No full text
Understanding the Non-Convergence of Agricultural Futures Via Stochastic Storage Costs and Timing Options
No full textRent Seeking with Politically Contestable Rights to Tariff-rate Import Quotas **
No full textThis paper analyzes rent seeking for agricultural import quotas and the associated waste of resources when politically contestable licenses are allocated to either or both importers and exporters. In a two-stage simultaneous contest where firms seek rent for licenses and then bargain over the import/export price, it is shown that (1) rents are not dissipated completely because of uncertainty in allocation of "rights," (2) the dissipation ratio increases if the country with a more competitive contest increases the probability of establishing licenses, (3) rent seeking may cause the market structure to change, (4) less rent is dissipated in the case of pre-existing market power, and (5) allocation of multiple licenses decreases rent-seeking outlays. Copyright Blackwell Publishing Ltd 2005.
