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We examine the interplay between market structure and the form that commodity taxation should take in a general equilibrium model in which firms produce differentiated products and so are able to exert market power. Our analysis takes account of two important recent developments that affect...
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game theory and applications. The editors focus on a select set of issues that stand high on the agenda of academic … understanding of the dilemmas posed for theory and policy. Readers are offered new empirical evidence on such thorny social problems …
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We propose a general equilibrium economy with oligopolistic output markets in which two channels can cause a change in market power: (i) technology, via changes to productivity shocks and the cost of entry, (ii) market structure, via changes to the number of potential competitors. First, we...
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to the efficient grease' theory, we find that firms that pay more bribes are also likely to spend more, not less …
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Trade negotiations occur through time and between the governments of many countries. An important issue is thus whether the value of concessions that a government wins in a current negotiation may be eroded in a future bilateral negotiation to which it is not party. In the absence of rules that...
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general equilibrium theory, decision theory, game theory, experimental economics, evolutionary theory of the firm, financial …. Knowledge and beliefs in game theory -- pt. 3. Beliefs and decision theory -- pt. 4. Knowledge, beliefs and cognitive economics …
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