In this paper we consider the classical problem of dividing a land among many agents so that everybody is satisfied with the parcel she receives. In the literature, it is usually assumed that all the agents are endowed with cardinally comparable, additive, and monotone utility functions. In many economic and political situations violations of these assumptions may arise. We show how a family of...

This paper develops an analysis of markets for differentiated products. It relies on the concept of latent separability for consumer preferences. As proposed by Blundell and Robin, latent separability assumes that purchased products are allocated in the production of latent intermediate utility-yielding goods. Product differentiation can arise when each product makes a different contribution to...

How should one regulate access to a network? The aim of this paper is to consider the optimality of a simple rule, the Efficient Component Pricing Rule (ECPR), under non-linear pricing for intermediate and final goods. The analysis focuses on the interactions between regulation and competition in a second degree price discrimination setting. Rather specific assumptions regarding competition and...

Free Trade Agreements (FTAs) usually come with restrictions on the use of intermediate inputs in order for final goods to qualify for free trade. I focus on Rules of Origin (RoO), which limit expenses on nonmember country’s intermediate inputs. In a three-country FTA formation game, I introduce international trade in intermediate inputs and RoO restrictions. In the case of symmetric countries, ...

Over and above food, agricultural landscapes provide citizens with crucial public-good ecosystem services, such as biodiversity conservation, cultural values, recreational opportunities, and food security. Because continuing agricultural intensification undermines the ability of landscapes to provide public goods, policies have been implemented to preserve landscape multifunctionality, but with...

the effective factors on the economic growth of iran during the first 5-year development plan are studied. the main characteristics of this period are that the first development plan began after the end of war during which some of the unused capacities of the war period were utilized. while the budget deficit was continued in this period the government also pursued policies such as devaluation ...

This paper examines the relationship between intra-industry trade in intermediate products, pollution and increasing returns. We develop a two-country model in which production occurs in two stages, final and intermediate good production. Intermediate goods are produced under monopolistic competition and final good production exhibits increasing returns with respect to the number of varieties o...

The global market for virtual items, characters and currencies was estimated to exceed 2.1 Billion USD in 2007. Selling virtual goods for real money is an increasingly common revenue model not only for online games and virtual worlds, but for social networking sites and other mainstream online services as well. What drives consumer spending on virtual items is an increasingly relevant question,...