Competition for foreign direct investments

Article Abstract:

International competition for foreign direct investment as a common agency problem is modeled using the theory of menu auctions. National governments served as principals while a multinational corporation served as the single agent in the model. It was assumed that governments maximized the net wage income made from the corporation's investment. Results showed that a high wage country may be able to attract investment although all countries use subsidies. It was also shown that a nation may pay the highest subsidies even if it attracts less investment than in the unsubsidized regime.

Research, Foreign investments, International competition (Commerce), International competition (Economics), Subsidies

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Promoting fair competition in public procurement

Article Abstract:

Governments usually favor domestic to foreign firms in the award of procurement contracts in terms of quantity and quality. This situation is especially rampant when such favoritism is not easily detected because the competing foreign firms have no access to information other than price. A policy to counteract such discriminatory tendency can be formulated from a model where information on product quality is freely accessible.

Analysis, Economic aspects, Discrimination, Government purchasing

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Competition and regulation in the taxi industry

Article Abstract:

Deregulation may not ideal for the taxi industry because the industry does not satisfy the conditions of competition. A simple model shows that price regulation is necessary to produce equilibrium within industry. The number of taxis should also be regulated and a medallion system imposed as a bond of taxi owners to the civic government or the regulatory authority for the assurance of good service.

Taxicabs, Taxi Service, Laws, regulations and rules, Deregulation, Taxicab services

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