Price Determination in CISG

Price Determination for Geographic Data

To set the optimal price for geographic data, which are used by other agents, is an important, but very difficult question. In this paper we review the current understanding of pricing geographic information. To set prices for geographic data in a rational manner, a surprising array of possibilities are used. Most of the current methods apply to selling raw data, and are based on the quantity o...

A Dymimic Model of Housing Price Determination

This paper presents and ‘estimates a model of the resale housing market. The data are a cross-section of monthly time series obtained from the multiple-listing service for a suburb of San Diego. The model is specified and estimated as a dynamic multiple indicator multiple cause system of equations where the capitalization rate is taken to be an unobservable time series to be estimated jointly w...

Political culture and monopoly price determination

In this paper we study the endogenous determination of monopoly price. Our proposed game of endogenous monopoly-price setting extends the literature on monopoly-price, monopoly rent-seeking contests and monopoly rentseeking rent-avoidance contests by (i) determining the monopoly price such that it maximizes a composite utility function that depends on two components: expected social welfare and...

Remedies for breach of contract under the CISG

In this essay, I survey the three main remedial categories of the Convention on the International Sale of Goods (CISG) [specific performance, money damages, and goods-oriented remedies such as rejection and cure] from the vantage point of the economic literature on contract remedies, and discuss whether the rules set by the CISG are economically suitable for the particular transactions it gover...

A Brief Review of a Case Index for the CISG

In this paper, we briefly describe the UNCITRAL Index, an on-line index to cases decided under the United Nations Convention on Contracts for the International Sale of Goods (CISG). We focus on four interesting functional features that improve the utility of the index as a tool for case retrieval. The features enable the Index to support a kind of conceptual case retrieval and to achieve a high...

Orphan drugs. Relating price determination to disease prevalence.