Browsing College of Arts and Science by Subject "Efficiency"

Now showing items 1-4 of 4

    • Efficient Barriers to Trade: A Sequential Trade Model with Heterogeneous Agents 
      Eden, Benjamin (Vanderbilt University, 2007)
      This paper studies a flexible price version of the Prescott (1975) hotels model. Unlike rigid price versions of the model, here the equilibrium outcome is efficient if potential buyers have the same downward sloping demand ...
    • Pampered Bureaucracy, Political Stability, and Trade Integration 
      Stroup, Caleb; Zissimos, Benjamin (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 ...
    • Tax Competition Reconsidered 
      Dhillon, Amrita; Wooders, Myrna; Zissimos, Ben (Vanderbilt University, 2006)
      In a classic model of tax competition, we show that the level of public good provision and taxation in a decentralized equilibrium can be efficient or inefficient with either too much, or too little public good provision. ...
    • The Structure and Performance of the World Market in a Cobb-Douglas Example 
      Zissimos, Ben (Vanderbilt University, 2006)
      In an international trading economy where countries set tariffs strategically, modeled using a Cobb-Douglas example, this paper studies the relationship between the structure and the performance of the world market. Using ...