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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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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
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Deterrence, Lawsuits and Litigation Outcomes under Agency Problems and Court Errors
Landeo, Claudia M.; Nikitin, Maxim - Econometric Society - 2004
Punitive damage awards have been widely criticized for their unpredictability (2004 Economic Report of the President) and for generating a plaintiff’s windfall (i.e., a payment in excess of the costs of pursuing the punitive claim), which promotes unnecessary litigation (Dodson, 2000),...
Persistent link: https://www.econbiz.de/10005699597
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Split-Award Tort Reform, Firm's Level of Care and Litigation Outcomes
Nikitin, Maxim; Landeo, Claudia M. - Econometric Society - 2004
In an attempt to reduce the liability insurance costs of firms, several US states have implemented many different kinds of tort reform. Some reforms take the form of caps or limits on punitive damage awards while others have mandated that a proportion of the award be allocated to the plaintiff...
Persistent link: https://www.econbiz.de/10005699599
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Multidimensional Private Value Auctions
Morris, Stephen; Fang, Hanming - Econometric Society - 2004
We consider parametric examples of two-bidder private value auctions in which each bidder observes her own private valuation as well as noisy signals about her opponent’s private valuation. In such multidimensional private value auction environments, we show that the revenue equivalence...
Persistent link: https://www.econbiz.de/10005699666
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Split-Award Tort Reform and Settlement Outcomes: An Experimental Investigation
Nikitin, Maxim; Babcock, Linda; Landeo, Claudia M. - Econometric Society - 2004
In an attempt to reduce the liability insurance costs of firms, several US states have implemented many different kinds of tort reform. Some reforms take the form of caps or limits on punitive damage awards while others, called “split-awardsâ€, have mandated that a proportion of the...
Persistent link: https://www.econbiz.de/10005702607
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Achieving Intertemporal Efficiency and Symmetry through Intratemporal Asymmetry: (Eventual) Turn Taking in a Class of Repeated Mixed-Interest Games
Mui, Vai-Lam; Lau, Sau-Him Paul - Econometric Society - 2004
Turn taking is observed in many field and laboratory settings. We study when and how turn taking can be supported as an equilibrium outcome in a class of repeated games, where the stage game is a symmetric two-player mixed-interest game with asymmetric joint-payoff-maximizing outcomes that may...
Persistent link: https://www.econbiz.de/10005702715