Credit Rating Agencies and Speedy Payday Loans INTERNATIONAL RESOURCE ALLOCATION: Trade with Incomplete Information 4 INTERNATIONAL RESOURCE ALLOCATION: Trade with Incomplete Information 3 INTERNATIONAL RESOURCE ALLOCATION: Trade with Incomplete Information 2

Archive for February, 2015

INTERNATIONAL RESOURCE ALLOCATION: The Basic Model 3

INTERNATIONAL RESOURCE ALLOCATION: The Basic Model 3

As discussed at greater length in a companion paper (Casella and Rauch 1997), our model can be read as an assignment problem: different producers must meet and they are not equally well-suited to one...

INTERNATIONAL RESOURCE ALLOCATION: The Basic Model 2

Two features of this matching technology should be noted at the outset. First, in order to achieve maximum output it is necessary that all matches that are concluded be formed between producers on...

INTERNATIONAL RESOURCE ALLOCATION: The Basic Model

In the next section of this paper we present our basic model. The equilibrium with complete information in all markets is derived in section III, and in section IV we analyze the solution when...

INTERNATIONAL RESOURCE ALLOCATION: Introduction 2

We will show that in our model the informational barrier acts like a tax on trade that is zero up to a certain trade volume, then increasing with volume. Full efficiency is therefore achieved...