We analyze a market for microfinance in a region of a developing nation in which all projects are either of high or low quality. There is adverse selection because only borrowers know whether their project is of high or low quality but the microfinance institutions (MFIs) do not. The MFIs are...

This paper analyzes the strategic role of investment from a debtor country's perspective. The framework is one in which, if the debtor country is unable to meet debt obligations, a bargaining regime determines the amount of debt repayment. In the context of a two-country real trade model, debt...

We use a Stackelberg differential game to model trade in renewable resources between a monopsonistic buyer and a monopolistic seller. The buyer uses unit and ad valorem tariffs to indirectly encourage conservation of the resource under study. First, we show that the efficacy of these tariffs in...

In this paper we focus on a married couple and analyze a game of marital infidelity. The husband can either be faithful to or cheat on his wife. The wife decides how much effort to expend monitoring her husband and she chooses monitoring effort m∈[0,1]. Our analysis of this strategic...

In this note we analyze a game model of marital infidelity. The husband can either be faithful to or cheat on his wife. The wife can either monitor or not monitor her husband. We first determine the best response correspondences of the two players. Second, we explain why there is no...

In this note we study a simple game model of effort application by two individuals (1 and 2) who wish to have an arranged marriage. We first specify the net utility function of individual i as a function of this individual's own effort and the effort applied by individual j,i≠j, in three...

In this note we study a simple game model of effort application by two individuals (1 and 2) who wish to have an arranged marriage. We first specify the net utility function of individual i as a function of this individual's own effort and the effort applied by individual j,i≠j, in three...

The n total consumers in the market for a particular good are made up of b brown and g green consumers so that b g=n. The b brown (g green) consumers are not (are) environmentally conscious and hence they prefer to buy a new (remanufactured) good denoted by N and R respectively. By strategically...

In this paper we study a game model of marital cheating. The husband is the cheater and the wife is faithful. The husband's cheating is either open or surreptitious. The wife can either ignore the cheating or catch her husband in the act of cheating. We first express the game of interest in...

In this note we use a static game model to analyze the optimal cleanup of an apartment that is shared by two college students. Both students dislike cleaning. However, they also prefer a clean apartment to a dirty one. Student i's utility function embodies the idea that the more time one student...