A revenue-maximizing monopolist is selling a single indivisible good to buyers who face a loss if a rival buyer obtains it. The rivalry is modeled through a network, an arc between a pair of buyers indicates that a buyer considers another buyer its rival, and the magnitude of the loss is the private information of each buyer. First, given a network, we characterize the optimal mechanism. Second...

Governments in emerging markets often behave like a “tormented insurer,” who would like to smooth government outlays given the randomness of public revenues in an imperfect world where the only public debt instrument is a non-state-contingent bond denominated in units of tradable goods. How can a fiscal authority tell if the stock of public debt is consistent with fiscal solvency in this enviro...

In accounting, a critical issue is the timing of revenues and expenses in annual closing accounts. If expenditures are expired as faster than generated, expense method accelerated. opposite case, decelerated. Thus, (time lags) an important determinant earnings profitability. The objective this study to analyze critically alternative methods estimate time lags expenses. Six different based on co...

Erratum: Malkina, M. (2021). Sustainability of Regional Budget Revenues and Its Sources. Economy Regions, 17(4), 1376–1389. https://doi.org/10.17059/ekon.reg.2021-4-23. The article “Sustainability Sources” by Marina published in the 4th Issue, Vol. 17, 2021 contained a technical mistake data about submission review dates: 01 Jun 14 Jul 2021. Actual date was 1st June 2020, peer-review process co...