This paper presents the application of the sensitivity analysis techniques Design of Experiments (DOE) and metamodelling to the agent-based model AgriPoliS, which is a spatial and dynamic simulation model of regional structural change. DOE and metamodelling provide a more systematic analysis of results of complex simulation models. When summarising the results, it becomes clear that interest ra...

This set of lecture notes covers a general model of adverse selection as well as a leading example— that of a price discriminating monopolist— due to Maskin and Riley (1984). At the end of this unit, students should understand the application of the revelation principal to this class of models, the general solution techniques, and the key economic trade-o¤— e¢ ciency versus information rent sav...

This set of lecture notes covers a general model of adverse selection as well as a leading example— that of a price discriminating monopolist— due to Maskin and Riley (1984). At the end of this unit, students should understand the application of the revelation principal to this class of models, the general solution techniques, and the key economic trade-o¤— e¢ ciency versus information rent sav...

The current paper evaluates the impact of corruption and rent-seeking behaviors upon economic wealth in European Union states using a public choice approach. period study is 2000 to 2019. To measure this impact, present uses regression with variables reflecting governance quality considered relevant, from approach, rent-seeking. main results show negative relationship between level for all anal...

In the article innovation-reproductive and rent-generating function of national welfare is exposed, necessity and real ways of national welfare innovative potential look-ahead analytical estimates methodology and tools’ revision in a context of globalization trends are offered, complex analysis of the results of system parametristic indication of the strategy of national welfare development in ...

This set of lecture notes covers a general model of adverse selection as well as a leading example— that of a price discriminating monopolist— due to Maskin and Riley (1984). At the end of this unit, students should understand the application of the revelation principal to this class of models, the general solution techniques, and the key economic trade-o¤— e¢ ciency versus information rent sav...

Energy Institute at Haas working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to review by any editorial board. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit is given to the source. Prior to the 1990s, most electricity customers in the U.S. were served by re...

The costs of rent seeking exceed traditional measures when opportunity cost is considered. When the quantity of resources consumed by rent seeking is large, rent seeking draws consumer surplus out of alternative resource employments. The costs of rent seeking differ in partial and general equilibrium frameworks; Tullock (1989) recognizes this but incorrectly argues that rent seeking costs are t...

The objective of this study is to analyze the effects oil rent on economic development in Congo over a period from 1987 2016. Following estimation Vector Error Correction Model (VECM), result shows that dependence negatively affects Congo. poor performance growth and mainly linked deterioration governance generalization corruption. This allows us formulate an policy implication focuses sustaina...

Information imperfections, and asymmetrical information in particular, have primarily been regarded as impediments to the economic efficiency of markets; they have seldom been explored as opportunities to earn economic rents. This article builds an information strategy framework by elaborating on the strategic opportunities that exist for firms in markets that fail to satisfy the perfect inform...