Delegatiom of Authority to 7et the CET Sample Clauses

Delegatiom of Authority to 7et the CET. The idea of foguxing upon the Pareto optimal (from the union‘x point of view[ utilitiex poxxibilitiex frontier in the modeling of guxtomx unionx, ax developed above, ix gloxely related to Gatxiox and Xxxx‘x (fi99fi, fi99†[ gongept of delegation of authority in xetting the gommon external tariff ratex. Their primary gontribution wax to point out that one member of the guxtomx union may voluntarily relinquixh any role in the xetting of the gommon external tariff rate and delegate gomplete authority for thix role to itx partner member. By doing xo, the union member aghievex a higher level of welfare by delegating authority to the partner member than it would attain if it had gomplete authority. While thix may appear paradoxigal at firxt xight, the poxxibility arixex ax a rexult of taking into aggount the tariff rexponxe of the rext of the world. The Gatxiox and Xxxx pringiple of delegation of authority ix illuxtrated in Figure 2. In thix gaxe, gountry 2 would gladly relinquixh authority to gountry fi. If it doex xo, the utility point aghieved at A (8 = 0[ yieldx higher utility than gountry 2 would get at point B (8 = 90[. The delegation of authority doex not negexxarily apply in every partigular gaxe. For example, the delegation pringiple doex not apply in Figurex fi and 6 xinge point B ix north-wext of point A¡ neither point Pareto dominatex the other. While the Gatxiox and Xxxx delegation pringiple referx to ‹omptete detegatson of authority from one gountry to another, one gan generalize the pringiple to that of pavtsat detegatson of authority. In Figure †, for example, while gountry fi ix willing to provide gomplete delegation of tariff-xetting authority to gountry 2 and xo move from A to B, gountry fi would prefer to option of moving partially along the frontier to point C. At that point, both gountriex are better off than at A (though gountry 2 ix worxe off than at B[ and the point ix Pareto optimal for the union. Point C gorrexpondx to a weight parameter 8 = ††, whigh impliex a weight vegtor d = (0.†F, 0.82[. The xogial welfare fungtion yielding point C ix therefore a gonvex gombination of the utility fungtionx of the two union memberx. Thux, thix utility point gorrexpondx to a gaxe of partial delegation of tariff-xetting authority. c In Figure 6, neither gountry would delegate gomplete authority to the other. Neverthelexx, it ix in the interext of gountry fi to move from the point A to the Pareto xuperior point C and it gan do thix by providing a parti...
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Related to Delegatiom of Authority to 7et the CET

  • Delegation of Authority The General Partner may delegate any or all of its powers, rights and obligations hereunder, and may appoint, employ, contract or otherwise deal with any Person for the transaction of the business of the Partnership, which Person may, under supervision of the General Partner, perform any acts or services for the Partnership as the General Partner may approve.

  • Scope of Authority Committee meetings will be used for communications between the parties, to share information and to address concerns. The committee will have no authority to conduct any negotiations or modify any provision of this Agreement. The committee’s activities and discussions will not be subject to the grievance procedure in Article 30.

  • Certification of Authority The undersigned certify that the persons executing this agreement on behalf of City and SDA have legal authority to enter into this agreement on behalf of City and SDA respectively and have full authority to bind City and SDA in a valid Agreement on the terms herein.

  • EXTENT OF AUTHORITY may manage a work area; • exercise a degree of autonomy (advice available on complex or unusual matters); • manage significant projects and/or functions and/or works programmes.

  • Reservation of Authority Nothing in this subpart shall limit the authority of the Secretary to take action to enforce conditions or violations of law, including actions necessary to prevent evasions of this subpart.

  • Accountability and extent of authority An employee at this level performs broad tasks involving the utilisation of a range of basic skills in the provision of domestic assistance and simple personal care tasks and is responsible for the quality of their work.

  • CERTIFICATE OF AUTHORITY The Trust, the Adviser and the Sub-Adviser shall furnish to each other from time to time certified copies of the resolutions of their Boards of Trustees/Directors or executive committees, as the case may be, evidencing the authority of officers and employees who are authorized to act on behalf of the Trust, a Fund Account, the Adviser and/or the Sub-Adviser.

  • Evidence of Authority The Custodian shall be protected in acting upon any instructions, notice, request, consent, certificate or other instrument or paper believed by it to be genuine and to have been properly executed by or on behalf of the Fund. The Custodian may receive and accept a certified copy of a vote of the Board of Directors of the Fund as conclusive evidence (a) of the authority of any person to act in accordance with such vote or (b) of any determination or of any action by the Board of Directors pursuant to the Articles of Incorporation as described in such vote, and such vote may be considered as in full force and effect until receipt by the Custodian of written notice to the contrary.

  • TERMINATION OF AUTHORITY Immediately upon the Executive terminating or being terminated from his employment with the Company for any reason, notwithstanding anything else appearing in this Agreement or otherwise, the Executive will stop serving the functions of his terminated or expired position(s) and shall be without any of the authority or responsibility for such position(s).

  • AGREEMENT OFFICIALS AND DELEGATIONS OF AUTHORITY ‌ The following are authorized to subscribe to and file this Agreement and any accompanying materials and any subsequent modifications to this Agreement with the Federal Maritime Commission:

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