How to Remove Dirty Money Effect?

Dirty Money

Dirty money ¬リニ

An inter-governmental body is encouraging the replacement of currency with the objective of discouraging illegal economic activities. This policy is analyzed in a searchtheoretic model where individuals choose legal or illegal production, settle trades via monetary or costly intermediated exchange, and where the government imperfectly monitors monetary transactions. Stationary monetary equilibr...

How (Not) to Raise Money

We show that standard winner-pay auctions are inept fund-raising mechanisms because of the positive externality bidders forgo if they top another’s high bid. Revenues are suppressed as a result and remain finite even when bidders value a dollar donated the same as a dollar kept. This problem does not occur in lotteries and all-pay auctions, where bidders pay irrespective of whether they win. We...

How to remove impalpable Implanon implants.

How Dirty are "Quick and Dirty" Methods of Project Appraisal?

Routine "quick-and-dirty" (QD) methods of project appraisal can be so dirty in guiding project selection as to wipe out the net social gains from public investment. A common QD method for estimating benefits from irrigation investments is tested using data for Viet Nam. The results are compared to impacts assessed through econometric modelling of marginal returns that allows for household and a...