In economies with asymmetric information agents have private information on economically relevant variables: on individual states (economies with private information), on the action taken (moral hazard), on their type (adverse selection). We analyze competitive equilibria of these economies in the tradition of Prescott and Townsend ([9]). It is known that economies with adverse selection behave...

Taiwan economy has always been export-oriented, creating tightly-linked industrial chains between cross-straits companies tightly. Understanding the influence of transforming industrial patterns of major economic entities would be critical for long-term cooperative small economic entities (countries or regions) in the periphery. The author of this paper has thus analyzed the influences and ...

Household economies of scale arise when households with multiple members share public goods, making larger households better o¤ at lower per capita expenditures. Research into household scale economies has not considered how household economies of scale have changed over time. I use American household expenditure surveys, covering 1888 to 1935, to produce the …rst comparable historical estimate...

This paper aims to evaluate the impact of several indices of market structure including entry to barrier, economies of scale and concentration degree on 140 active industries using the digit. Accordingly, we apply three methods including cost disadvantages ratio ( ), Herfindahl–Hirschman concentration index ( ) and Comanor and Willson criterion in order to assess the economies of scale and usin...

We analyze current P2P credit systems in the light of modern economic theories, devoting particular attention to currency based ones, and argue their unsuitability to the characteristics of P2P networks. We then propose a robust, efficiently scalable barter system with short transactions and wealth storage, classically considered the two most important features of currency based economies.

One of the topics after two decades of applying import substitution policy in Iran manufacturing sector is the importance of industrial export expansion and foreign relations. The main impetus to this policy transfer is the market expansion and potential gains of exploiting the economies of scale and technical upgrades. Based on this argument this research estimates the efficient scale and gain...