The paper analyses the existence and efficiency of discretionary industrial assistance schemes under asymmetric information between an uninformed government and a uniform distribution of firms with differing productivities. Discretionary assistance allows the government to scrutinise projects in an effort to learn the type, which can reduce the ‘informational rents’ of automatic assistance, whe...

The payment functions of central banks vary among nations. Some central banks provide only limited payment services, such as issuing and redeeming currency and facilitating settlement among members of payments systems by transferring reserve balances.1 In the United States, the Federal Reserve has been a provider of payment services since the early 1900s. By 1918, the Fed had acquired a large s...

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Abstract We analyse the legal and economic background implications of destandardisation digital contracts, with a focus on consumer protection overall efficiency. argue that firms can exploit paired asymmetric information to extract rents. propose introduction numerus clausus principle in licensing realm (a limit contractual freedom parties create proprietary rights) as way reducing rent extrac...

This study conducts an empirical analysis of the effects procedure transforming digital on natural resource rents in private and public sectors. In our paper, we analyze changes total (rents from coal, mineral, gas, forest) by businesses (e-commerce, involving shopping online, turnovers e-commerce, trading e-commerce web, business electronically, use customer relationship management (CRM), clou...

This study investigates the relationship between use and investor diversity, spatial accessibility, high street retail rents. Spatial quantitative analysis of sector remains an underdeveloped area so this paper seeks to bridge gap contribute debate on adaptability urban retailing centres by adopting a fixed-effects panel modelling approach. The empirical findings reveal that diversity richness ...

P ublic concern over the affordability of housing arises from two factors. First, housing is the single largest expenditure item in the budgets of most families and individuals. The average household devotes roughly onequarter of income to housing expenditures, while poor and near-poor households commonly devote half of their incomes to housing. These high proportions suggest that small percent...

One of the most robust phenomena in the experimental literature on multilateral bargaining is the failure of proposers to extract equilibrium rents. However, all previous experiments have overlooked the fact that outside the lab committee members are allowed to and do engage in sometimes intense communication processes prior to voting on a proposal. We conduct an experimental test of the Baron-...

Despite being blessed with immense oil resources, Arab countries have neither achieved economic prosperity nor became developed countries. This chapter provides a brief overview of issues related to understanding the origins and symptoms of the resource curse and the challenges triggered by oil dependency in the Arab World including the traditional issues related to economic diversification, Du...