The paper proposes an intertemporal model of bargaining among heterogeneous buyers and sellers placed on a bipartite network. First, it characterizes conditions on the network under which its trading restrictions are inessential and the outcome is arbitrage-free. Instead, when the system is...

We study dynamic multilateral markets, in which players' payoffs result from coalitional bargaining. We establish payoff uniqueness of stationary equilibria and the emergence of endogenous cooperation structures when traders experience some degree of (heterogeneous) bargaining frictions. When we...

This study, using data from the British Crime Survey (BCS), examines the microrelationship between immigration and victimization. We first find that, although immigrants are more likely to suffer property crimes than natives, this is well explained by the fact that immigrants exhibit demographic...

The Olympic Games are considered to be the most prestigious multi-sport event in the world. However, with growing costs associated with hosting such events against a backdrop of questionable economic benefits, and yet elation that follows from sporting success, a number of studies have started...

This paper examines the existence of time series non-linearity in the real output growth / recession-term spread relationship. Vector Autoregression (VAR), Threshold VAR (TVAR), Structural break VAR (SBVAR), Structural break threshold VAR (SBTVAR) are applied in the analysis. The in-sample...

A contest is a situation in which individuals expend resources in order to win valuable prize(s). `Sabotage' is a deliberate, and often costly and illegal, act of damaging a rival's likelihood of winning the contest. It is done by exerting resources to negatively influence the effectiveness of a...

This paper models the stolen base play in baseball as a simple inspection game. The model offers equilibrium predictions relating the frequency with which a stolen base play is attempted, and the frequency with which it is successful. Using an extensive play-by-play dataset from 37 Major League...

This paper investigates a model utilising the term structure of interest rates to predict output growth and recession in the UK. In contrast to previous literature, information retrieved from the whole yield curve is used rather than just the yield spread. Using di↵erent methods, our...

Social networks are believed to a§ect individuals’ political views; however, quantifying this e§ect and understanding the channels behind this influence are empirically challenging. This study investigates peer e§ects on political behavior, using a self-collected survey among...

This paper provides new estimates for the e§ects of compulsory voting on in- dividuals. The identification relies on the Brazilian dual voting system-voluntary and compulsory-whose exposure is determined by date of birth. Using RD and IV approaches and data from a self-collected survey, we...