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"How Different Are Safeguards from Antidumping? Evidence from US Trade Policies Toward Steel"
Bown, Chad P. - Econometric Society - 2004
similarity between safeguards and preferential trade agreements (PTAs). Relative to antidumping measures, country and product …How do the trade impacts of a safeguard measure - which is statutorily designed to follow the most-favored-nation (MFN …) principle - compare to explicitly discriminatory measures such as antidumping? We address this question empirically by examining …
Persistent link: https://www.econbiz.de/10005063705
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Antidumping Policy Under Imperfect Competition: Theory and Evidence
Crowley, Meredith A. - Econometric Society - 2004
markets. I then show that an antidumping duty can improve an importing country's welfare by shifting some of the dumping firm …'s rents to the home country. I test this model using data on US antidumping cases from 1979 to 1996. Empirically, I find …
Persistent link: https://www.econbiz.de/10005342255
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Coalition-Stable Equilibria in Repeated Games
Chung, Anthony Fai-Tong - Econometric Society - 2004
It is well-known that subgame-perfect Nash equilibrium does not eliminate incentives for joint-deviations or renegotiations. This paper presents a systematic framework for studying non-cooperative games with group incentives, and offers a notion of equilibrium that refines the Nash theory in a...
Persistent link: https://www.econbiz.de/10005342239
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The No Trade Principle in General Environments
Wong, Ngai-Ching; Ng, Man-Chung - Econometric Society - 2004
The no trade principle asserts that risk-neutral agents are not prepared to trade if and only if a common prior exists …
Persistent link: https://www.econbiz.de/10005342381
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A Model of Gossip
Li, Wei - Econometric Society - 2004
This paper analyzes how the gossip process can be manipulated by biased people and the impact of such manipulation on information transmission. In this model, a single piece of information is transmitted via a chain of agents with privately known types. Each agent may be either objective or...
Persistent link: https://www.econbiz.de/10005130172
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Delegation in a Cheap-Talk Game: A Voting Example
Sengupta, Kunal; Sanyal, Amal - Econometric Society - 2004
Suppose an agent is contemplating an action with state-contingent payoffs, and has a prior belief about the probability of the states. She hires an expert to update her priors before the action. Experts may be both informed as well as uninformed, and are not necessarily truthful. The question...
Persistent link: https://www.econbiz.de/10005130238
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A Unified Approach to Information, Knowledge, and Stability
Luo, Xiao; Chen, Yi-Chun - Econometric Society - 2004
Within the context of strategic interaction, we provide a unified framework for analyzing information, knowledge, and the "stable" pattern of behavior. We first study the related interactive epistemology and, in particular, show an equivalence theorem between a strictly dominated strategy and a...
Persistent link: https://www.econbiz.de/10005130251
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Hard Evidence and Mechanism Design
Watson, Joel; Bull, Jesse - Econometric Society - 2004
In its standard “public choice” form, the mechanism-design framework abstracts from institutional and technological constraints beyond those that the modeler can represent in the definition of states, outcomes, and preferences. This abstraction can create a useful simplification. However,...
Persistent link: https://www.econbiz.de/10005063593
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The Effect of Outside Options on Bargaining Under Asymmetric Information
Wickelgren, Abraham L. - Econometric Society - 2004
's valuation is private information. They show that, for some parameter values, trade occurs at the Rubinstein (1982) prices given … valuation buyer delays trade to signal her type. Trade with the high valuation buyer occurs immediately. In this model, there … the Admati and Perry equilibrium, trade with the low valuation buyer occurs after a delay which reduces the value of trade …
Persistent link: https://www.econbiz.de/10005063605
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Punitive Damage Awards, Frivolous Lawsuits and Firm’s Level of Care
Nikitin, Maxim; Landeo, Claudia M. - Econometric Society - 2004
Punitive damage awards have been widely criticized for generating a plaintiff’s windfall (i.e., a payment in excess of the costs of pursuing the punitive claim), which promotes unnecessary litigation, the escalation of liability insurance premiums and over-deterrence. In an attempt to...
Persistent link: https://www.econbiz.de/10005063694