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Tangerås, Thomas P.; Lagerlöf, Nils-Petter - 2002

We construct a model in which a number of equally powerful ethnic groups compete for power by engaging in civil war. In non-redistributive equilibrium, ethnically homogeneous and ethnically diverse countries face a lower probability of civil war than countries with a moderate degree of ethnic...

Persistent link: https://www.econbiz.de/10010320100

Equilibrium and efficiency in the tug-of-war

Konrad, Kai A.; Kovenock, Dan - 2005

We characterize the unique Markov perfect equilibrium of a tug-of-war without exogenous noise, in which players have the opportunity to engage in a sequence of battles in an attempt to win the war. Each battle is an all-pay auction in which the player expending the greater resources wins. In...

Persistent link: https://www.econbiz.de/10010274454

Prevention of competition by competition law: Evidence from unbundling regulation on fiber-optic networks in Japan

Minamihashi, Naoaki - 2011

This paper finds that a regulation that promotes competition in one market may decrease competition in other related markets. Policy makers in the telecommunication industry currently are facing an important decision about whether to continue unbundling regulations on new optical-fiber lines. I...

Persistent link: https://www.econbiz.de/10010332517

Optimal tariffs on exhaustible resources: The case of a quantity setting cartel

Fujiwara, Kenji; Long, Ngo Van - 2012

We formulate a dynamic game model of trade in an exhaustible resource with a quantity-setting cartel. We compute the feedback Nash equilibrium and two Stackelberg equilibria under two different leadership scenarios: leadership by the strategic importing country, and leadership by the exporting...

Persistent link: https://www.econbiz.de/10010280841

A theory of dynamic tariff and quota retaliation

Keenan, Donald C.; Naqvi, Nadeem; Pech, Gerald - 2011

This paper characterizes, under the most general conditions to date, the steady-state equilibria of a symmetric, two-country trade model in which countries move in alternating-move, dynamic either tariffsetting or quota-setting games in Markov Perfect strategies, and compares the respective...

Persistent link: https://www.econbiz.de/10010286394

Digitale Abwicklung von Immobilienkaufverträgen

Melzer, Marcus; Dotzler, Maren - In: WISTA – Wirtschaft und Statistik 73 (2021) 2, pp. 83-96

Verwaltungsverfahren zum Vollzug von Immobilienverträgen sind bürokratisch und langwierig, daher stehen amtliche Daten zur Entwicklung von Immobilienpreisen nur zeitverzögert und lückenhaft bereit. Infolgedessen werden für wichtige Aufgaben – wie die Überwachung der Finanzstabilität...

Persistent link: https://www.econbiz.de/10012505576

A note on the pricing of real estate index linked swaps

Björk, Tomas; Clapham, Eric - 2002

In this paper we discuss the pricing of commercial real estate index linked swaps (CREILS). This particular pricing problem has been studied by Buttimer et al. (1997) in a previous paper. We show that their results are only approximately correct and that the true theoretical price of the swap is...

Persistent link: https://www.econbiz.de/10010281429

Entwicklung von Handlungsempfehlungen für eine kooperative Terminsteuerung bei Bauprojekten

Rodde, Nina - 2020

(Australian Alliancing Contract) findet die terminliche Komponente Eingang in die gemeinsamen Entscheidungen des Projekt-Teams bei … of a building usually takes several years. At the time of signing the contract, it is often not yet clear what exactly … securing claims, rather than seeking solutions. By looking across national borders at other successful contract models, this …

Persistent link: https://www.econbiz.de/10014565931

Europe's future after the European Council meeting of June 2007: A panel discussion

Bordignon, Massimo; Gros, Daniel; Roland, Gérard; … - In: CESifo Forum 08 (2007) 4, pp. 39-44

Persistent link: https://www.econbiz.de/10011695883

Deriving the term structure of banking crisis risk with a compound option approach: The case of Kazakhstan

Eichler, Stefan; Karmann, Alexander; Maltritz, Dominik - 2010

We use a compound option-based structural credit risk model to infer a term structure of banking crisis risk from market data on bank stocks in daily frequency. Considering debt service payments with different maturities this term structure assigns a separate estimator for short- and long-term...

Persistent link: https://www.econbiz.de/10010300362