We develop a model that combines competitive exchange of private commodities across endogenously formed groups with public good provision and global collective decisions. There is a tension between local and global collective decisions. In particular, we show that group formation and collective...

Collective consumption decisions taken by the members of a household may prove inefficient. This paper investigates the impact of inefficient household decisions on market performance when there is competitive exchange among households. Market efficiency can occur when household inefficiencies...

Cooperative games in characteristic function form (TU games) are considered. We allow for variable populations or carriers. Weighted nucleoli are defined via weighted excesses for coalitions. A solution satisfies the Null Player Out (NPO) property, if elimination of a null player does not affect...

We study stable matchings on exogenously given or endogenously formed bipartite graphs that reflect constraints on matching. The effects of a change of the exogenously given graph (constraints) are investigated. Specifically, we examine to what extent individuals gain or lose from relaxing...

This paper examines the issue of multiplicity of equilibria in alternating move repeated games with two players. Such games are canonical models of environments with repeated, asynchronous choices due to inertia or replacement. We focus our attention on Markov Perfect equilibria (MPE). These are...

The welfare and political support effects arising from the actual or potential imposition of a quota are examined. There exists an obvious inherent conflict between domestic producers and domestic consumers. Increased imports cause a downward pressure on domestic prices and, hence, improve...

This dissertation explores technical regulations (sanitary and phytosanitary (SPS) measures, technical barriers to trade, and geographical indications) in Central American agricultural and food trade. In the first part, a framework to systematically evaluate the broad issues for developing...