Global environmental concerns have increased the sensitivity of governments and other parties to the actions of those outside their national jurisdiction. Parties have tried to extend influence extraterritorially both by promising to reward desired behavior and by threatening to punish undesired...

Sanctions are measures that one party (the sender) takes to influence the actions of another (the target). Sanctions, or the threat of sanctions, have been used, for example, by creditors to get a foreign sovereign to repay debt or by one government to influence the human rights, trade, or...

Global environmental concerns have increased the sensitivity of governments and other parties to the actions of those outside their national jurisdiction. Parties have tried to extend influence extraterritorially both by promising to reward desired behavior and by threatening to punish undesired...

Sanctions are measures that one party (the sender) takes to influence the actions of another (the target). Sanctions, or the threat of sanctions, have been used, for example, by creditors to get a foreign sovereign to repay debt or by one government to influence the human rights, trade, or...

This paper examines why referees for academic journals and grant applications are often not paid for their work. We postulate that referees are motivated by a non-monetary concern for journal quality and also by monetary considerations. Increasing pay is, therefore, a means of encouraging...

Domestic R&D policy is examined in the context of four successive layers of international integration: (a) trade in intermediate and final goods, (b) trade in technologies, (c) international R&D spillovers and (d) internationally-coordinated R&D policy. Positive domestic R&D spillovers are...

This paper provides a theoretical explanation for the persistent use of alphabetical name-orderings on academic papers in economics. In a context where market participants are interested in evaluating the relative individual contribution of authors, it is an equilibrium for papers to use...

We present a model of charity auctions in which all bidders receive a benefit from the host charity raising revenue. Bidding behavior reflects two conflicting incentives: Bids may be inflated because of private benefits from charitable giving, or bids could be depressed by the public goods...

We present a structural model of how families decide who should care for elderly parents. We use data from the National Long-Term Care Survey to estimate and test the parameters of the model. Then we use the parameter estimates to simulate the effects of the existing long-term trends in terms of...

In a memorable scene from the …lm ”A Beautiful Mind,” John Nash explains to his friends how to direct their attentions to women in a bar. Game theorists who have seen the …lm point out that the proposed solution is not a Nash equilibrium. Here we determine the Nash equilibria to the...