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| Kohler, Marion. |
| In Kohler (2002) we analyse coalition formation in monetary policy coordination games between n countries. We find that positive spillovers of the coalition formation process and the resulting free-rider problem limit the stable coalition size: since the coalition members are bound by the union's discipline, an outsider can successfully export inflation without fearing that the insiders will try to do the same. In this paper, based on the same model, we allow countries to join competing coalitions. The formation of a large currency bloc is not sustainable since it would impose too much discipline on all participants. However, the co-existence of several smaller currency blocs may be a second-best solution to the free-riding problem of monetary policy... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Currency unions; International policy coordination; Free-riding; Coalition formation; Financial Economics; F33; F42. |
| Ano: 2004 |
URL: http://purl.umn.edu/26274 |
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| Gadzikwa, Lawrence; Lyne, Michael C.; Hendriks, Sheryl L.. |
| This study investigated the prevalence and determinants of free-riding in the Ezemvelo Farmers’ Organization (EFO), a group of certified organic crop growers in South Africa, using data gathered in a census survey of its 151 partially and fully certified members. The computed free-riding index scores suggested that free-riding posed a serious threat to the group’s collective marketing efforts. Regression analysis showed that members who were male, poorly educated, aware of loopholes in the grading system, and who did not trust the buyer, were more likely to free-ride. In the longer term, the EFO should address institutionalized free-riding by issuing tradable ownership rights. In the short term, it must engage with the packhouse (buyer) to remove flaws in... |
| Tipo: Journal Article |
Palavras-chave: Smallholders; Organic crops; Collective marketing; Free-riding; Crop Production/Industries; Industrial Organization. |
| Ano: 2007 |
URL: http://purl.umn.edu/57014 |
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