1,502 research outputs found
Can Coasean bargaining justify Pigouvian taxation?
The fact that according to the celebrated Coase Theorem rational parties always try to exploit all gains from trade is usually taken as an argument against the necessity of government intervention through Pigouvian taxation in order to correct externalities. However, we show that the hold-up problem, which occurs if non-verifiable investments have external effects and parties cannot be prevented from always exploiting ex post gains from trade through Coasean bargaining, may be solved by government intervention. In this sense, the impossibility to rule out Coasean bargaining (after investments are sunk) may in fact justify Pigouvian taxation.Hold-up problem, Bargaining, Contracts, Taxation, Externalities
Book Review of āBargaining Theory with Applicationsā (Muthoo, 1999)
In this working paper, A. Muthooās book āBargaining Theory with Applicationsā is discussed.
Know-how disclosure and incomplete contracts
When two parties invest in human capital and at the same time decide on know-how disclosure it can be shown that joint ownership with veto power is the optimal ownership structure, given that only incomplete contracts can be written.Incomplete contracts; Know-how disclosure; Joint ownership
Advanced microwave sounding unit study for atmospheric infrared sounder
The Atmospheric Infrared Sounder (AIRS), the Advanced Microwave Sounding Unit (AMSU-A), and the Microwave Humidity Sounder (MHS, formerly AMSU-B) together constitute the advanced sounding system facility for the Earth Observing System (EOS). A summary of the EOS phase B activities are presented
Recommendations and comments concerning documentation on the microwave active spectrometer systems
There are no author-identified significant results in this report
Scatterometer receiver dynamic range/linearity
Results of an investigation aimed at determining the dynamic range and linearity of the S-193 scatterometer receiver from data acquired during Skylab missions 2 and 3 are summarized
Can Coasean bargaining justify Pigouvian taxation?
The fact that according to the celebrated Coase Theorem rational parties always try to exploit all gains from trade is usually taken as an argument against the necessity of government intervention through Pigouvian taxation in order to correct externalities. However, we show that the hold-up problem, which occurs if non-verifiable investments have external effects and parties cannot be prevented from always exploiting ex post gains from trade through Coasean bargaining, may be solved by government intervention. In this sense, the impossibility to rule out Coasean bargaining (after investments are sunk) may in fact justify Pigouvian taxation
High-spatial-resolution passive microwave sounding systems
During this period the emphasis was on the following: (1) further design, construction, and testing of the improved 54-GHz portion of the 54-118 GHz microwave temperature sounder (MTS) aircraft radiometer system in preparation for ER-2 observations in July 1991; and (2) final analysis and documentation of procedures for detecting and analyzing thermal waves in our 118-GHz MTS imagery. In addition, we have new unpublished measurements of dry-air attenuation at frequencies of 54 to 66 GHz and over a temperature range of 280K to 326K; these measurements should enable us to improve further our atmospheric transmittance models. It was further noted that the proposed SSMIS conical-scanning microwave spectrometer on the military DMSP Block 5D-3 spacecraft designed to measure stratospheric and mesospheric temperature profiles will be observing the Zeeman-split oxygen lines with sufficient spectral resolution that the changing Doppler shifts with view angle will substantially degrade the potential system performance unless remedied; this was briefly studied and documented
Atmospheric frontal zone studies
The research supported by this contract and directed Activities in the inversion and interpretation of data produced by the Nimbus-7 scanning multichannel microwave radiometer (SMMR) are reported. There were five principal subjects: (1) modeling of the emissivity of foam patches on the ocean surface; (2) inversion of radiometric data by a multidimensional algorithm; (3) an operational water vapor retrieval algorithm; (4) inference of Antarctic firm accumulation rates; and (5) inference of water vapor over the Arctic sea ice
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