منابع مشابه
Transportation Market Distortions
Properly functioning markets effi ciently allocate resources. Such markets must refl ect certain principles, including consumer options, cost-based pricing, and economic neutrality. Transportation markets oft en violate these principles. This report examines these distortions and their implications for transport planning. Transportation market distortions include various types of underpricing o...
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This paper analyses contract design in a decentralized market environment with frictions. While principals (e.g., firms) have all contractual power, their market power is constrained as agents (e.g., workers) can choose to wait and search for better offers. We find that results depend crucially on how market frictions affect agents’ utilities. With type-independent costs of search and waiting, ...
متن کاملOn the transportation problem with market choice
We study a variant of the classical transportation problem in which suppliers with limited capacities have a choice of which demands (markets) to satisfy. We refer to this problem as the transportation problem with market choice (TPMC). While the classical transportation problem is known to be strongly polynomial-time solvable, we show that its market choice counterpart is strongly NP-complete....
متن کاملGas transportation, geopolitics and future market structure
Recent studies have shown the important role of geography, politics and technology for the evolution of markets for natural gas. Gas market differs from other markets due to high share of transport and infrastructure costs. Since investment is location specific, it involves also geopolitical aspects as a consequence. Future market structure becomes path dependent on the investment decisions, pa...
متن کاملThe distributional consequences of tax reforms under market distortions
In this paper we examine the importance of imperfect competition in product and labour markets in determining the long-run welfare effects of tax reforms assuming agent heterogeneneity in capital holdings. Each of these market failures, independently, results in welfare losses for at least a segment of the population, after a capital tax cut and a concurrent labour tax increase. However, when c...
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ژورنال
عنوان ژورنال: Berkeley Planning Journal
سال: 2011
ISSN: 1047-5192
DOI: 10.5070/bp319111487