This paper shows that incomplete information and sufficient heterogeneity of players can ensure uniqueness in interaction games. In contrast to recent work on uniqueness in interaction games, we do not require strategic complementarity. There are two parts to the argument. First, if a player s...

There has been a recent economic literature arguing that international environmental agreements (IEAs) can have no real effect, on account of their voluntary and self-enforcing nature. This literature concludes that the terms of IEAs are the codification of the noncooperative equilibrium, and...

The problem of intentional environmental harms is discussed as the combined consequence of limited liability laws and specific capital structures. When the conditions are “right”, then the option of planned liquidation is optimal for certain types of firms. These firms are typified by...

Broadcasting policy has traditionally been supported by a 'command-and-control' system of assigning frequencies for terrestrial transmission, but this link is being eroded by the emergence of other technologies – cable, satellite, IPTV, mobile broadcasting - and by the emergence of...

Numerous proposals have been made for separation in the telecommunications sector, some of which have been implemented, including the break-up of the Bell system in the 1980s and the widespread implementation of accounting separation. In recent years, attention has been focussed on operational...