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Essential Entry: Revenues in the 700 MHz Spectrum Auction
Essential Entry Spectrum Auction
2015/9/18
A common misconception is that an open access provision on a sliver of the 700 MHz
spectrum would reduce auction revenues. In fact, the open access, wholesale, and bidding credit
provisions put fo...
Optimal Fiscal and Monetary Policy When Money is Essential
Friedman Rule intertemporal distortions micro-founded models of money
2015/9/18
We study optimal fiscal and monetary policy in an environment where explicit frictions giverise to valued money, making money essential in the sense that it expands the set of feasible trades. The two...
Standard-Essential Patents
Standard-Essential Patents
2013/11/27
A major policy issue in standard setting is that patents that are ex-ante not that important may, by being included into the standard, become standard-essential patents (SEPs). In an attempt to curb t...
On the Essential Multidimensionality of an Economic Problem: Towards Tradeoffs-Free Economics
Tradeoffs multiple criteria decision making tradeoffs-free optimization
2009/7/17
The foundation of welfare economics is the assumption of Pareto-efficiency and its concept of tradeoffs. Also the production possibility frontier, efficiency frontier, nondominated set, etc., belong ...