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pro vyhledávání: '"Rohan Pitchford"'
The development of the endogenous growth model rekindled interest in growth theory. In contrast to the neo-classical model, long-run endogenous growth emerged as an equilibrium outcome, reflecting the behaviour of optimizing agents in the economy. Th
Autor:
Rohan Pitchford, Mark L. J. Wright
Publikováno v:
Economic Theory. 64:847-876
Consider a sovereign who must obtain agreement with all creditors in order to realize a gain from re-entering world capital markets. A simple game of settlement is developed to reflect strategic interaction between creditors in this environment. Payo
Autor:
Rohan Pitchford, Mark L. J. Wright
Publikováno v:
Oxford Review Of Economic Policy. 29:649-667
This paper reviews the lessons learned from the application of the tools of game theory to the theoretical study of sovereign debt and default. We focus on two main questions. First, we review answers to the most fundamental question in the theory of
Autor:
Rohan Pitchford
Publikováno v:
The Impact of Incomplete Contracts on Economics
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::57a6e8017a762c8b3e9e39fa16a4c003
https://doi.org/10.1093/acprof:oso/9780199826223.003.0026
https://doi.org/10.1093/acprof:oso/9780199826223.003.0026
Autor:
Rohan Pitchford, Stephen P. King
Publikováno v:
Economic Record. 84:366-377
We develop a model to assist policy-makers in their choice between private and public ownership for a broad range of activities, based on managers’ ability to divert resources through perks or pet projects. Qualitative information is always require
Autor:
Rohan Pitchford, Christopher M. Snyder
Publikováno v:
Journal of Environmental Economics and Management. 54:49-67
One of Coase's central insights is that distinguishing between the generator and recipient of an externality is of limited value because externality problems are reciprocal. We reconsider the relevance of the identity of the generator in a model with
Autor:
Flavio M. Menezes, Rohan Pitchford
Publikováno v:
Economic Theory. 24:231-253
We model a buyer who wishes to combine objects owned by two separate sellers in order to realize higher value. Sellers are able to avoid entering into negotiations with the buyer, so that the order in which they negotiate is endogenous. Holdout occur
Autor:
Flavio M. Menezes, Rohan Pitchford
Publikováno v:
Regional Science and Urban Economics. 34:155-162
As in the standard land assembly problem, a developer wants to buy two adjacent blocks of land belonging to two different owners. The value of the two blocks of land to the developer is greater than the sum of the individual values of the blocks for
Publikováno v:
Australian Journal of Management. 28:345-370
Tenders and traditional auctions are increasingly being used in regulation; as a consequence it is essential regulators have an understanding of the basics of auction theory. There is no simple prescription for the design of an auction or tender that
Autor:
Rohan Pitchford, Christopher M. Snyder
Publikováno v:
Journal of Law, Economics, and Organization. 19:491-516
We construct a model in which an investment opportunity arises for a first mover before it knows the identity of a second mover and in which joint location results in a negative externality. Contracts are inherently incomplete since the first mover c