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This paper examines a dynamic game of exploitation of a common pool of some renewable asset by agents that sell the result of their exploitation on an oligopolistic market. A Markov Perfect Nash Equilibrium of the game is used to analyze the effects of a merger of a subset of the agents. We...
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In this paper we show, theoretically and empirically, that stronger employment protection legislation (EPL) in a host country has important and differing effects on the various activities of multinational enterprises (MNEs). Using micro data on affiliates to Swedish multinational firms in 20...
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No abstract.
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We build a subgame perfect Nash equilibrium of a common property productive asset oligopoly. We derive two surprising …
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In this paper we investigate teh decisions of Russian managers in distributing wage nonpayment in Russia during the …
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