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Information Sharing and Cooperative Search in Fisheries

Evans, Keith; Weninger, Quinn - Iowa State University of Science and Technology <Ames, … - 2010

This paper studies equilibrium search and learning in a dynamic shing gamethat is played by independent shermen and by members of an information sharingCooperative. Once collected, information about the location of productive sh-ing sites is an excludable public good. We show that independent...

Persistent link: https://www.econbiz.de/10009360718

Carbon Leakage: The Role of Sequential Policy Setting

Sikdar, Shiva; Lapan, Harvey E. - Iowa State University of Science and Technology <Ames, … - 2010

We analyze non-cooperative environmental policy when the only strategic interac-tion between countries is through bilateral transboundary pollution, i.e., countries areclosed or small open economies. When countries set pollution taxes simultaneously,there is no carbon leakage. However, in the...

Persistent link: https://www.econbiz.de/10009360734

Hierarchy of players in swap robust votinggames and minimal winning coalitions

Bishnu, Monisankar; Roy, Sonali - Iowa State University of Science and Technology <Ames, … - 2009

Ordinarily, the process of decision making by a committee through voting is mod-elled by a monotonic game the range of whose characteristic function is restricted tof0; 1g: The decision rule that governs the collective action of a voting body induces ahierarchy in the set of players in terms of...

Persistent link: https://www.econbiz.de/10009360752

A Coase Theorem Based on a New Concept of theCore

Zheng, Charles Zhoucheng - Iowa State University of Science and Technology <Ames, … - 2010

The core is reformulated to incorporate the externality typical in strategic formgames. Any coalition of players may deviate by trying to commit to a profile of actionsdifferent from a status quo. The outsiders of the coalition may take a coordinatedmeasure, incentive-feasibly for themselves, to...

Persistent link: https://www.econbiz.de/10009360771

INCENTIVES AND OUTCOMES IN A STRATEGICSETTING: THE 3-POINTS-FOR-A-WIN SYSTEM INSOCCER

Moschini, GianCarlo - Iowa State University of Science and Technology <Ames, … - 2008

I exploit a major structural change that has occurred in world soccer to study the impact ofincentives on outcomes in a strategic setting. A game-theoretic model is developed thatcaptures some essential strategic elements of soccer vis-à-vis the number of points awardedto a win. The observable...

Persistent link: https://www.econbiz.de/10009360784

Optimal Monetary Policy Rules under Persistent Shocks

Bhattacharya, Joydeep; Singh, Rajesh Kumar - Iowa State University of Science and Technology <Ames, … - 2007

The tug-o-war for supremacy between inflation targeting and monetary tar-geting is a classic yet timely topic in monetary economics. In this paper, werevisit this question within the context of a pure-exchange overlapping genera-tions model of money where spatial separation and random relocation...

Persistent link: https://www.econbiz.de/10009360807

Choosing to Keep Up with the Joneses and Income Inequality

Barnett, Richard; Bhattacharya, Joydeep; Bunzel, Helle - Iowa State University of Science and Technology <Ames, … - 2009

We study a variant of the conventional keeping-up-with-the-Joneses setup in whichheterogeneous-ability agents care both about consumption and leisure and receive anutility premium if their consumption exceeds that of the Joneses’. Unlike the conventionalsetup in which all agents are assumed to...

Persistent link: https://www.econbiz.de/10009360808

Unit vs. Ad Valorem Taxes in Multi-Product CournotOligopoly

Lapan, Harvey E.; Hennessy, David A. - Iowa State University of Science and Technology <Ames, … - 2007

The welfare dominance of ad valorem taxes over unit taxes in a single-market Cournot oligopoly is well-known. This … article extends the analysis to multi-market oligopoly. Provided all ad valorem taxes are positive, unit costs are constant … in determining the extent of cost efficiencies arising under ad valorem taxation. The issue of merger under oligopoly is …

Persistent link: https://www.econbiz.de/10009360830

Why Does Overnight Liquidity Cost More ThanIntraday Liquidity?

Bhattacharya, Joydeep; Haslag, Joseph H.; Martin, Antoine - Iowa State University of Science and Technology <Ames, … - 2007

In this paper, we argue that the observed di¤erence in the cost of intraday and overnightliquidity is part of an optimal payments system design. In our environment, the interestcharged on overnight liquidity a¤ects output while the cost of intraday liquidity onlyaffects the distribution of...

Persistent link: https://www.econbiz.de/10009360831

Core Equivalence Theorem with Production

Xiong, Siyang; Zheng, Charles Zhoucheng - Iowa State University of Science and Technology <Ames, … - 2006

In production economies, the extent to which non-equilibria are blocked dependson the allocation of control rights among shareholders, because a blocking coalition’sresources are affected by the firms it jointly owns with outsiders. We formulate a notionof blocking that takes such...

Persistent link: https://www.econbiz.de/10009360840