Regulatory capture: A review

E Dal Bó - Oxford review of economic policy, 2006 - academic.oup.com
This article reviews both the theoretical and empirical literatures on regulatory capture. The
scope is broad, but utility regulation is emphasized. I begin by describing the Stigler …

Incentives and organizations in the public sector: An interpretative review

A Dixit - Journal of human resources, 2002 - JSTOR
The paper begins with a brief overview of the theory of incentives, with special attention to
issues that are important in the public sector, in general and human capital in particular. It …

Blockchain disruption and smart contracts

LW Cong, Z He - The Review of Financial Studies, 2019 - academic.oup.com
Blockchain technology provides decentralized consensus and potentially enlarges the
contracting space through smart contracts. Meanwhile, generating decentralized consensus …

Exports and credit constraints under incomplete information: Theory and evidence from China

RC Feenstra, Z Li, M Yu - Review of Economics and Statistics, 2014 - direct.mit.edu
This paper examines why credit constraints for domestic and exporting firms arise in a
setting where banks do not observe firms' productivities. To maintain incentive compatibility …

The theory of incentives: the principal-agent model

JJ Laffont, D Martimort - The theory of incentives, 2009 - degruyter.com
Economics has much to do with incentives--not least, incentives to work hard, to produce
quality products, to study, to invest, and to save. Although Adam Smith amply confirmed this …

Online consumer review: Word-of-mouth as a new element of marketing communication mix

Y Chen, J Xie - Management science, 2008 - pubsonline.informs.org
As a new type of word-of-mouth information, online consumer product review is an emerging
market phenomenon that is playing an increasingly important role in consumers' purchase …

The politics of government decision-making: A theory of regulatory capture

JJ Laffont, J Tirole - The quarterly journal of economics, 1991 - academic.oup.com
The paper develops an agency-theoretic approach to interest-group politics and shows the
following:(1) the organizational response to the possibility of regulatory agency politics is to …

A model of the demand for investment banking advising and distribution services for new issues

DP Baron - The journal of finance, 1982 - Wiley Online Library
This paper presents a theory of the demand for investment banking advising and distribution
services for the case in which the investment banker is better informed about the capital …

[PDF][PDF] The theory of contracts

OD Hart, B Holmstrm - 1986 - dspace.mit.edu
In one sense, contracts provide the foundation for a large part of economic analysis. Any
trade—as a quid pro quo—must be mediated by some form of contract, whether It be explicit …

Log-concave probability and its applications

M Bagnoli, T Bergstrom - Rationality and Equilibrium: A Symposium in …, 2006 - Springer
In many applications, assumptions about the log-concavity of a probability distribution allow
just enough special structure to yield a workable theory. This paper catalogs a series of …