Australian National University (2007)
Rohan Pitchford, Christopher M. Snyder, Jel Codes K
Abstract: We construct a model in which a first mover decides on its location before it knows the identity of the second mover; joint location results in a negative externality. Contracts are...
Coming to the Nuisance: An Economic Analysis from an Incomplete Contracts Perspective (2003)
Pitchford, Rohan, Snyder, Christopher M.
We construct a model in which an investment opportunity arises for a first mover before it knows the identity of a second mover and in which joint location results in a negative externality....
A model of seller holdout (2002)
Menezes, Flavio, Pitchford, Rohan
We model a buyer who wishes to combine objects owned by two separate sellers in order to realize higher value. Sellers are able to avoid entering into negotiations with the buyer, so that the order...
A model of seller holdout (2002)
Menezes, Flavio, Pitchford, Rohan
We model a buyer who wishes to combine objects owned by two separate sellers in order to realize higher value. Sellers are able to avoid entering into negotiations with the buyer, so that the order...
A model of seller holdout (2002)
Menezes, Flavio, Pitchford, Rohan, School Of Economics
We model a buyer who wishes to combine objects owned by two separate sellers in order to realize higher value. Sellers are able to avoid entering into negotiations with the buyer, so that the order...
A model of seller holdout (2002)
Menezes, Flavio, Pitchford, Rohan
We model a buyer who wishes to combine objects owned by two separate sellers in order to realize higher value. Sellers are able to avoid entering into negotiations with the buyer, so that the order...
An Economic Analysis of "Riding to Hounds": Pierson v. Post Revisited (2002)
Dharmapala, Dhammika, Pitchford, Rohan
Pierson v. Post, an 1805 New York case, concerns the ownership of a dead fox; Post had organized a fox hunt and was pursuing a fox, when Pierson appeared and killed the animal. The rule established...
A model of seller holdout (2002)
Menezes, Flavio, Pitchford, Rohan
We model a buyer who wishes to combine objects owned by two separate sellers in order to realize higher value. Sellers are able to avoid entering into negotiations with the buyer, so that the order...
Endogenous Transactions Costs in Multi-Seller Model (2001)
Menezes, Flavio, Pitchford, Rohan
We examine the problem of a buyer who wishes to purchase and combine n objects owned by n individual owners to realize a higher value. The owners are able to delay their entry into the sale process:...
Private or public? a taxonomy of optimal ownership and management regimes (2001)
King, Stephen, Pitchford, Rohan
We develop a theory that explains the difference between public and private ownership for the case of firms that are well approximated by an owner/managed or closely held form of firm. The theory is...
Endogenous Transactions Costs in Multi-Seller Model (2001)
Menezes, Flavio Marques, Pitchford, Rohan
Rio de Janeiro
Menezes, Flavio M., Pitchford, Rohan
We examine the problem faced by a company that wishes to purchase patents in the hands of two different patent owners. Complementarity of these patents in the production process of the company is a...
Private or public? a taxonomy of optimal ownership and management regimes (2001)
King, Stephen, Pitchford, Rohan
We develop a theory that explains the difference between public and private ownership for the case of firms that are well approximated by an owner/managed or closely held form of firm. The theory is...
Menezes, Flavio M., Pitchford, Rohan
We examine the problem faced by a company that wishes to purchase patents in the hands of two different patent owners. Complementarity of these patents in the production process of the company is a...
Endogenous Transactions Costs in Multi-Seller Model (2001)
Menezes, Flavio, Pitchford, Rohan
We examine the problem of a buyer who wishes to purchase and combine n objects owned by n individual owners to realize a higher value. The owners are able to delay their entry into the sale process:...
Private or public? a taxonomy of optimal ownership and management regimes (2001)
King, Stephen, Pitchford, Rohan
We develop a theory that explains the difference between public and private ownership for the case of firms that are well approximated by an owner/managed or closely held form of firm. The theory is...
Menezes, Flavio M., Pitchford, Rohan, School Of Economics
We examine the problem faced by a company that wishes to purchase patents in the hands of two different patent owners. Complementarity of these patents in the production process of the company is a...
Endogenous Transactions Costs in Multi-Seller Model (2001)
Menezes, Flavio, Pitchford, Rohan, School Of Economics
We examine the problem of a buyer who wishes to purchase and combine n objects owned by n individual owners to realize a higher value. The owners are able to delay their entry into the sale process:...
Private or public? a taxonomy of optimal ownership and management regimes (2001)
King, Stephen, Pitchford, Rohan
We develop a theory that explains the difference between public and private ownership for the case of firms that are well approximated by an owner/managed or closely held form of firm. The theory is...
Menezes, Flavio M., Pitchford, Rohan
We examine the problem faced by a company that wishes to purchase patents in the hands of two different patent owners. Complementarity of these patents in the production process of the company is a...
Endogenous Transactions Costs in Multi-Seller Model (2001)
Menezes, Flavio, Pitchford, Rohan
We examine the problem of a buyer who wishes to purchase and combine n objects owned by n individual owners to realize a higher value. The owners are able to delay their entry into the sale process:...
Private or public? a taxonomy of optimal ownership and management regimes (2001)
King, Stephen, Pitchford, Rohan
We develop a theory that explains the difference between public and private ownership for the case of firms that are well approximated by an owner/managed or closely held form of firm. The theory is...
Menezes, Flavio M., Pitchford, Rohan
We examine the problem faced by a company that wishes to purchase patents in the hands of two different patent owners. Complementarity of these patents in the production process of the company is a...
Endogenous Transactions Costs in Multi-Seller Model (2001)
Menezes, Flavio, Pitchford, Rohan
We examine the problem of a buyer who wishes to purchase and combine n objects owned by n individual owners to realize a higher value. The owners are able to delay their entry into the sale process:...
It is well known in the theroetical literature on deregulation, than any informative signal will be used to give the firm appropriate incentives. This paper presents a model of deregulation that...
Private or Public? A Taxonomy of Optimal Ownership and Management Regimes (2000)
Pitchford, Rohan, King, Stephen
Rio de Janeiro
It is well known in the theroetical literature on deregulation, than any informative signal will be used to give the firm appropriate incentives. This paper presents a model of deregulation that...
It is well known in the theroetical literature on deregulation, than any informative signal will be used to give the firm appropriate incentives. This paper presents a model of deregulation that...
It is well known in the theroetical literature on deregulation, than any informative signal will be used to give the firm appropriate incentives. This paper presents a model of deregulation that...
It is well known in the theroetical literature on deregulation, than any informative signal will be used to give the firm appropriate incentives. This paper presents a model of deregulation that...
Economic Theories of Privatisation and Corporatisation (1995)
King, Stephen, Pitchford, Rohan
Despite the widespread use of privatisation and corporatisation to reform public sector enterprises, there are very few models which formally analyse these policy tools from a contract-theoretic...
Economic Theories of Privatisation and Corporatisation (1995)
King, Stephen, Pitchford, Rohan
Despite the widespread use of privatisation and corporatisation to reform public sector enterprises, there are very few models which formally analyse these policy tools from a contract-theoretic...
Economic Theories of Privatisation and Corporatisation (1995)
King, Stephen, Pitchford, Rohan
Despite the widespread use of privatisation and corporatisation to reform public sector enterprises, there are very few models which formally analyse these policy tools from a contract-theoretic...
Three essays on contracts and social harm (1993)
Thesis (Ph. D.)--Massachusetts Institute of Technology, Dept. of Economics, 1993.
Three essays on contracts and social harm / (1993)
Thesis (Ph. D.)--Massachusetts Institute of Technology, Dept. of Economics, 1993.
Three essays on contracts and social harm (1993)
Thesis (Ph. D.)--Massachusetts Institute of Technology, Dept. of Economics, 1993.
It is well known in the theoretical literature on deregulation, that any informative signal will be used to give the firm appropriate incentives. This paper presents a model of deregulation that...
How Liable Should a Lender Be? The Case of Judgment-Proof Firms and Environmental Risk.
Recently, U.S. environmental law has shown a tendency toward increased lender liability. A model of a potentially judgment-proof owner of a firm, a lender, and a potential victim is developed in...
Input Market Competition and the Make-or-Buy Decision.
Garvey, Gerald T, Pitchford, Rohan
Recent theories of vertical integration based on incomplete contracts assume perfect competition on at least one side of the market. As a result, the make-or-buy choice has no redistributive effect...
Private or Public? A taxonomy of optimal ownership and management regimes
We develop a theory that explains the difference between public and private ownership for the case of firms that are well approximated by an owner\managed or closely held form of firm. The theory is...
It is well known in the theoretical literature on deregulation, that any informative signal will be used to give the firm appropriate incentives. This paper presents a model of deregulation that...
Flavio Menzies, Rohan Pitchford
We examine the problem faced by a company that wishes to purchase patents in the hands of two di¤erent patent owners. Complementarity of these patents in the production process of the company is a...
Flavio M. Menezes, Rohan Pitchford
Suppose a developer wants to buy n adjacent blocks of land that are currently in the possession of n different owners. The value of the blocks of land to the developer is greater than the sum of the...
Sovereign debt, default and renegotiation
Can the international financial system be reformed to reduce the costs of sovereign defaults? What would the consequences of such ex post reforms be on the ex ante level of sovereign borrowing? This...
Private or Public? A Taxonomy of Optimal Ownership and Management Regimes
Stephen King,, Rohan Pitchford
We develop a theory that explains the difference between public and private ownership for the case of firms that are well approximated by an owner\managed or closely held form of firm. The theory is...
Flavio Menezes, Rohan Pitchford
We examine the problem faced by a company that wishes to purchase patents in the hands of two different patent owners. Complementarity of these patents in the production process of the company is a...
Coming to the Nuisance: An Economic Analysis from an Incomplete Contracts Perspective
We construct a model in which an investment opportunity arises for a first mover before it knows the identity of a second mover and in which joint location results in a negative externality....
Flavio Menezes, Rohan Pitchford
We model a buyer who wishes to combine objects owned by two separate sellers in order to realize higher value. Sellers are able to avoid entering into negotiations with the buyer, so that the order...
Binary games with many players
Flavio Menezes, Rohan Pitchford
We examine a problem with n players each facing the same binary choice. One choice is superior to the other. The simple assumption of competition - that an individual’s payoff falls with a rise in...
Private or Public? Towards a Taxonomy of Optimal Ownership and Management Regimes
We develop a model to assist policy-makers in their choice between private and public ownership for a broad range of activities, based on managers' ability to divert resources through perks or pet...
HOLDOUTS IN SOVEREIGN DEBT RESTRUCTURING: A THEORY OF NEGOTIATION IN A WEAK CONTRACTUAL ENVIRONMENT
Negotiations between a country in default and its international creditors are modeled as a dynamic game in an environment of weak contractual enforcement. The country cannot borrow internation- ally...
Economic Growth and Macroeconomic Dynamics
Dowrick,Steve, Pitchford,Rohan, Turnovsky,Stephen J.
The development of the endogenous growth model rekindled interest in growth theory. In contrast to the neo-classical model, long-run endogenous growth emerged as an equilibrium outcome, reflecting...
Economic Growth and Macroeconomic Dynamics
Dowrick,Steve, Pitchford,Rohan, Turnovsky,Stephen J.
The development of the endogenous growth model rekindled interest in growth theory. In contrast to the neo-classical model, long-run endogenous growth emerged as an equilibrium outcome, reflecting...