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Collective Action in an Asymmetric World

Chen, Cuicui - 2016

establishing the Alliance/Nash Equilibrium as a base point. From that point they apply either the principles of the Nash Bargaining …

Persistent link: https://www.econbiz.de/10012992148

Unemployment Fluctuations with Staggered Nash Wage Bargaining

Gertler, Mark - 2010

tractable relation for wage dynamics that is a natural generalization of the period-by-period Nash bargaining outcome in the … conventional formulation. An interesting side-product is the emergence of spillover effects of average wages on the bargaining …

Persistent link: https://www.econbiz.de/10012760666

Quantitative Models of Commercial Policy

Ossa, Ralph - 2016

What tariffs would countries impose if they did not have to fear any retaliation? What would occur if there was a complete breakdown of trade policy cooperation? What would be the outcome if countries engaged in fully efficient trade negotiations? And what would happen to trade policy...

Persistent link: https://www.econbiz.de/10012997374

"Nash-in-Nash" Tariff Bargaining with and Without MFN

Bagwell, Kyle - 2017

countries that are "principal suppliers" to each other and employ the Nash bargaining solution concept. Different possibilities …

Persistent link: https://www.econbiz.de/10012946037

Influencing Connected Legislators

Battaglini, Marco - 2016

This paper studies how interest groups allocate campaign contributions when congressmen are connected by social ties. We establish conditions for the existence of a unique Nash equilibrium in pure strategies for the contribution game and characterize the associated allocation of the interest...

Persistent link: https://www.econbiz.de/10012981101

Coalition Formation in Legislative Bargaining

Battaglini, Marco - 2019

We propose a new model of legislative bargaining in which coalitions have different values, reflecting the fact that … coalitions to seek better deals with other coalitions, but she may lose her status if bargaining breaks down, in which case a new … generalized version of a Nash Bargaining Solution in which —in contrast to the standard solution— the coalition is endogenous and …

Persistent link: https://www.econbiz.de/10012890469

Endogenous Credit Cycles

Gu, Chao - 2011

Walrasian pricing or by Nash bargaining. The results illustrate how it is possible to generate equilibria with credit cycles …

Persistent link: https://www.econbiz.de/10013119597

Gun for Hire : Does Delegated Enforcement Crowd Out Peer Punishment in Giving to Public Goods?

Andreoni, James - 2011

This paper compares two methods to encourage socially optimal provision of a public good. We compare the efficacy of vigilante justice, as represented by peer-to-peer punishment, to delegated policing, as represented by the "hired gun" mechanism, to deter free riding and improve group welfare....

Persistent link: https://www.econbiz.de/10013125564

Computing Markov Perfect Nash Equilibria : Numerical Implications of a Dynamic Differentiated Product Model

Pakes, Ariel; MacGuire, Paul - 2021

This paper provides an algorithm for computing Markov Perfect Nash Equilibria (Maskin and Tirole, 1988a and b) for dynamic models that allow for heterogeneity among firms and idiosyncratic (or firm specific) sources of uncertainty. It has two purposes. To illustrate the ability of such models to...

Persistent link: https://www.econbiz.de/10013230623

Volatile Policy and Private Information : the Case of Monetary Policy

Jones, Larry; Manuelli, Rody - 2021

In this paper we study how volatility in monetary policy affects economic performance in the presence of endogenously chosen information structures. To isolate the effects produced by the interaction of uncertainty in monetary policy and (possibly) asymmetric information, we consider a model in...

Persistent link: https://www.econbiz.de/10013230773