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We develop a 2-country model of legal dynamics in which each country's social welfare depends generally on its actual law, its culturally ideal one, its technologically efficient one and the actual law of the other country. In our model, countries are better off when all these laws coincide....
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In this paper, we study the dynamics of legal rules in a model with two nation-states playing a non cooperative game. For each country, changing the legal system is a costly process. At the same time, the existence of different legal systems is also costly for all nation-states. We show that...
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In this paper, we consider a hierarchical oligopoly model, in which firms compete on quantities of an homogeneous product. We provide a proof and an interpretation that under the three necessary and sufficient conditions of linear aggregate demand, constant and identical marginal costs, the...
Persistent link: https://www.econbiz.de/10010987600
This paper examines the existence of Berge equilibrium. Colman et al. provide a theorem on the existence of this type of equilibrium in the paper [Colman, A. M., Körner, T. W., Musy, O. and Tazdaït, T. [2011] Mutual support in games: Some properties of Berge equilibria, J. Math. Psychol. 55,...
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