作者:RodriguezClare, A
摘要:This paper explores how multinationals affect underdeveloped regions through the generation of linkages. it is shown that the linkage effect of multinationals on the host country is more likely to be favorable when the good that multinationals produce uses intermediate goads intensively, when there are large costs of communication between the headquarters and the production plant, and when the home and host countries are not too different in terms of the variety of inter mediate goods produced...
作者:Jehiel, P; Moldovanu, B; Stacchetti, E
作者单位:University of Mannheim; University of Michigan System; University of Michigan
摘要:We consider situations where a sale affects the ensuing interaction between potential buyers. These situations are modeled by assuming that an agent who does not acquire the object for sale incurs an identity-dependent externality. We construct a revenue-maximizing auction Sor the seller We observe that: I) outside options and participation constraints are endogenous. 2) The seller extracts surplus also from agents who do not obtain the auctioned object. 3) The seller is better-off by not sell...