operate in disequilibrium,search and information costs become very important.Trafficking in drugs taken as case, to explore …

implying heterogeneous bargaining behavior and - equally important - preferences are private information. As the sunk … necessities of signalling are shown to generate very strong investment incentives. These incentives are based on the desire not to … reveal information that is unfavorable in the ensuing bargaining. After finding all perfect Bayesian equilibria in pure …

implying heterogeneous bargaining behavior and - equally important - preferences are private information. As the sunk … necessities of signalling are shown to generate very strong investment incentives. These incentives are based on the desire not to … reveal information that is unfavorable in the ensuing bargaining. After finding all perfect Bayesian equilibria in pure …

institutions and governance to provide citizen security, justice and jobs is crucial to break cycles of violence while stimulating …, new threats such as organized crime, trafficking, civil unrest and terrorism have supplemented continued pre … arising from international organized crime and global economic instability. Thus, a fundamental rethink is needed on the …

the costs and benefits to different parties and the incentives each therefore has, as well as the aggregate social welfare … impacts of their decisions. It then considers the market failures that can lead to non-optimal outcomes, including information …