We develop a game theoretic model for the central banks profit and the markets profit dependent on quantitative easing (QE) or no quantitative easing (no QE), where the market responds by lowering interest rates, keeping interest rates unchanged, or raising interest rates. The model is compared...

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Many communities suffer limited public goods provision due to civil servants (doctors, teachers, etc) supplementing their low income with moonlighting activities. Monitors of civil servants commonly also earn low salaries from monitoring and may prefer political contestation for power and...

An incumbent allocates in period 1 of a two period game, a resource into production, fighting with the challenger, and producing public goods, which impact the probability of winning an election. In period 2 the incumbent may accept the election result, or a coalition or standoff may follow. We...

In this paper, we have presented the patterns of inequality, growth and income inequality in the MENA region. Using a cross-sectional time series data of MENA countries for the period 1985-2009, we have also investigated the effect of income inequality on key societal development, namely...

A four-period game is developed between a policy maker, the international community, and the population. This research supplements, through implementing strategic interaction, earlier research analyzing "one player at a time". The first two players distribute funds between preventing and...

Background: The article develops an eight-period game between N persons and a pharmaceutical company. The choices of a donor and Nature are parametric. Methods: Persons choose between safe and risky behavior, and whether or not to buy drugs. The pharmaceutical company chooses whether or not to...

The US government launched the Troubled Assets Relief Program (TARP) in mid-September 2008. This article analyzes the market response to the TARP launch. We reject the null hypothesis that the bailout size has no effect on the firm's value. Banks receiving large bailouts endure significantly...

In response to the global financial crisis which began in 2008, the US government launched the Troubled Assets Relief Program (TARP), the largest government bailout in US history. TARP was controversial and publicly unpopular. This article examines the market responses to the TARP-related events...

Background: The article develops an eight-period game between N persons and a pharmaceutical company. The choices of a donor and Nature are parametric. Methods: Persons choose between safe and risky behavior, and whether or not to buy drugs. The pharmaceutical company chooses whether or not to...