We propose a simple behavioral model to analyze situations where (1) a group of agents repeatedly plays a public goods game within a network structure and (2) each agent only observes the past behavior of her neighbors, but is affected by the decisions of thewhole group. Themodel assumes that...

Democratic elections have been assumed to play a crucial role in curbing corruption among public officials. Voters, due to their general distaste for corruption, are expected to sanction politicians who misuse public office for private gains. Yet, empirical evidence to date is mixed, and it...

We propose a spatial competition model to study banks’ strategic responses to the asymmetric Spanish geographic deregulation process. We find that once the geographic deregulation process finishes, inter-regional mergers between savings banks are optimal whenever the economies of scale...