We analyze the behavior of a monopolistic firm in general equilibrium when the firm’s decision are taken through shareholder voting. We show that, depending on the underlying distribution, rational voting may imply overproduction as well as underproduction, relative to the efficient level. Any initial distribution of shares is an equilibrium, if individuals do not recognize their influence on v...

abstract background: selectable marker gene (smg) systems are critical for generation of transgenic crops. transgenic crop production background: selectable marker gene (smg) systems are critical for generation of transgenic crops. transgenic crop production without using smg is not economically feasible. however, smgs are non-essential once an intact transgenic plant has been established. elim...

An efficient tandem synthesis of alkyl aryl ethers, including valuable building blocks of dialdehyde and dinitro groups under microwave irradiation and solvent free conditions on potassium carbonate as a mild solid base has been developed. A series of alkyl aryl ethers were obtained from alcohols in excellent yields by following the Williamson ether synthesis protocol under practical mild condi...

Proof of Proposition 4.1. We begin allowing a MPE in mixed strategies. When the leader meets follower i in state m, she makes an offer p(m) with probability γm ∈ [0, 1]. The follower accepts the offer with probability αm ∈ [0, 1]. Note that the follower i meeting the leader in state m accepts only if δwout(m−1)+p(m) ≥ δw(m), and accepts with probability one if this inequality holds strictly. No...