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Title:Competing mechanisms in markets for lemons Author(s):AUSTER, Sarah; GOTTARDI, Piero
Date:2015Type:Working PaperSeries/Number:EUI ECO; 2016/01Abstract:We study the competitive equilibria in a market with adverse selection and search frictions. Uninformed buyers post general direct mechanisms and informed sellers choose where to direct their search. We demonstrate that ...

Title:Efficiency, equity, and optimal income taxation Author(s):BRENDON, Charles
Date:2013Type:Working PaperSeries/Number:EUI MWP; 2013/22Abstract:Social insurance schemes must resolve a trade-off between competing efficiency and equity considerations. Yet there are few direct statements of this trade-off that could be used for practical policymaking. To this end, ...

Title:Mediation and Peace Author(s):HOERNER, Johannes; MORELLI, Massimo
; SQUINTANI, FrancescoDate:2011Type:Working PaperSeries/Number:EUI ECO; 2011/19Abstract:This paper applies mechanism design to conflict resolution. We determine when and how unmediated communication and mediation reduce the ex ante probability of conflict in a game with asymmetric information. Mediation ...

Title:Mediation and Peace Author(s):HORNER, Johannes; MORELLI, Massimo
; SQUINTANI, FrancescoDate:2010Type:Working PaperSeries/Number:EUI ECO; 2010/32Abstract:This paper brings mechanism design to the study of conflict resolution in international relations. We determine when and how unmediated communication and
mediation reduce the ex ante probability of conflict, in a simple ...

Title:Can Stabilization Policies Be Efficient? Author(s):SAIDI, AurélienDate:2009Type:Working PaperSeries/Number:EUI ECO; 2009/01Abstract:This paper makes use of optimal control relaxed problems to prove the absence of optimal trajectory in continuous time models with social increasing returns to scale where indeterminacy occurs. Although an efficient optimal ...