Showing 1 - 10 of 30
The paper focuses on the importance of the assumptions made about market structure andfirm behaviors in empirical trade policy analysis. It addresses this issue with reference torecent changes in the EU import regime for bananas, namely the Economic PartnershipAgreements and the December 2009...
Persistent link: https://www.econbiz.de/10009483596
Per capita income and human population levels in a country have direct influences on itsenvironmental outcomes. Countries with same level of income may have different rate ofincome growth and vice versa, suggesting that the influence of the rate of income growth onenvironmental outcomes could be...
Persistent link: https://www.econbiz.de/10009443801
Persistent link: https://www.econbiz.de/10009445735
This thesis considers a dynamic panel data model with error components that are correlated both spatially (cross-sectionally) and time-wise. The model extends the literature on dynamic panel data models with cross-sectionally independent error components. The model for spatial dependence is a...
Persistent link: https://www.econbiz.de/10009450825
axioms. The paper presents and justifies these axioms and compares them to related conditions used in other bargaining … contexts. In Nash Bargaining Theory, the axioms analogous to these three are in conflict with each other. In contrast, in the …
Persistent link: https://www.econbiz.de/10009431894
We develop a dynamic bargaining model in which a leading country endogenously decides whether to sequentially negotiate … free trade agreements with subsets of countries or engage in simultaneous multilateral bargaining with all countries at … once. We show how the structure of coalition externalities shapes the choice between sequential and multilateral bargaining …
Persistent link: https://www.econbiz.de/10009432009
Conventional wisdom says that economic surplus is created when the cost of litigation is foregone in favor of settlement, a theory flowing from the Coase Theorem. The cost-benefit analysis weighs settlement against the expected value of litigation net of transaction cost. This calculus yields...
Persistent link: https://www.econbiz.de/10009432053
This half-semester course discusses decision theory and topics in game theory. We present models of individual decision-making under certainty and uncertainty. Topics include preference orderings, expected utility, risk, stochastic dominance, supermodularity, monotone comparative statics,...
Persistent link: https://www.econbiz.de/10009432546
In important conflicts such as wars and labor-management disputes, people typically rely on the judgment of experts to predict the decisions that will be made. We compared the accuracy of 106 forecasts by experts and 169 forecasts by novices about eight real conflicts. The forecasts of experts...
Persistent link: https://www.econbiz.de/10009439172
Mutualisms provide benefits to those who participate in them. As a mutualism evolves, how will these benefits come to be allocated among the participants? We approach this question using evolutionary game theory and explore the ways in which the coevolutionary process determines the allocation...
Persistent link: https://www.econbiz.de/10009460792