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When Does Communication Improve Coordination?
Ellingsen, Tore; Östling, Robert - Economics Institute for Research (SIR), … - 2007
×2 games. One-way communication weakly increases coordination on Nash equilibrium outcomes, although average payoffs sometimes … of symmetric 2×2 games, we find that communication facilitates coordination in common interest games with positive … spillovers and strategic complementarities, but there are also games in which any type of communication hampers coordination. …
Persistent link: https://www.econbiz.de/10005771174
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Efficiency, communication and honesty
Demichelis, Stefano; Weibull, Jörgen - Economics Institute for Research (SIR), … - 2006
dominant Nash equilibrium together characterize the unique evolutionarily stable set in generic and symmetric n×n-coordination …
Persistent link: https://www.econbiz.de/10005649475
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Mutual Recognition and the Strategic Use of International Standards
Wallner, Klaus - Economics Institute for Research (SIR), … - 1998
This paper considers domestic product standards that do not raise the willingness to pay by consumers but increase the costs for foreign suppliers of serving the market. It is shown in a Cournot triopoly model that such standards can be used as strategic tool to raise domestic welfare by...
Persistent link: https://www.econbiz.de/10005423803
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Two monies, two markets? Variability and the option to segment
Friberg, Richard - Economics Institute for Research (SIR), … - 2000
This paper examines the decision to create barriers to arbitrage for a firm selling on two national markets. Sunk costs of market segmentation imply that the option to segment markets is more valuable the greater the variability of purchasing power between markets. One result is that a monetary...
Persistent link: https://www.econbiz.de/10005649205
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The Distributional Component of the Price of the Tax Avoidance Service
Damjanovic, Tatiana - Economics Institute for Research (SIR), … - 2001
The traditional avoidance literature undeservedly neglects tax base distribution as a factor affecting the avoidance price, and generally assumed to be equal to the avoidance cost. In reality, avoidance providers are usually either high-skilled specialists or insiders. The strong collusion thus,...
Persistent link: https://www.econbiz.de/10005190845
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Learning How to Export
Segerstrom, Paul; Stepanok, Ignat - Economics Institute for Research (SIR), … - 2010
In this paper, we present a standard quality ladders endogenous growth model with one significant new assumption, that it takes time for firms to learn how to export. We show that this model without Melitz-type assumptions can account for all the evidence that the Melitz (2003) model was...
Persistent link: https://www.econbiz.de/10008552423
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Did the European Unification Induce Economic Growth? In Search of Scale-Effects and Persistent Changes
Vanhoudt, Patrick - Economics Institute for Research (SIR), … - 1998
In this paper we investigate whether the European unification has had an impact on the Union's average labor productivity growth. Based on a time series approach we do not find a scale-effect as suggested by new growth theory. However, the data do not reject the hypothesis that the EU growth...
Persistent link: https://www.econbiz.de/10005190857
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Regional Economic Integration and Foreign Direct Investment: The North American Experience
Blomström, Magnus; Kokko, Ari; Globerman, Steven - Economics Institute for Research (SIR), … - 1998
This paper examines the relationship between regional economic integration and FDI in North America, where two RIAs have been established over the past decade: a bilateral free trade agreement between Canada and the U.S. (CUSTA) and a trilateral agreement (NAFTA) incorporating Mexico as well....
Persistent link: https://www.econbiz.de/10005423833
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Financial Liberalization, Banking Crises and Growth: Assessing the Links
Bonfiglioli, Alessandra; Mendicino, Caterina - Economics Institute for Research (SIR), … - 2004
This paper studies the effects of financial liberalization and banking crises on growth. It shows that financial liberalization spurs on average economic growth. Banking crises are harmful for growth, but to a lesser extent in countries with open financial systems and good institutions. <p> The...</p>
Persistent link: https://www.econbiz.de/10005423879
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Trade Discrimination - Yesterday's Problem?
Snape, Richard H. - Economics Institute for Research (SIR), … - 1996
Existing tariff levels of many countries, and particularly of developing countries and on agriculture for most countries, still give plenty of scope for trade discrimination. For non-tariff barriers there is substantial scope for discrimination within and beyond the transitional arrangements of...
Persistent link: https://www.econbiz.de/10005207210