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Unemployment Fluctuations With Staggered Nash Wage Bargaining
Gertler, Mark - 2006
tractable relation for wage dynamics that is a natural generalization of the period-by-period Nash bargaining outcome in the … conventional formulation. An interesting side-product is the emergence of spillover effects of average wages on the bargaining …
Persistent link: https://www.econbiz.de/10012466167
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Collective Action in an Asymmetric World
Chen, Cuicui - 2016
establishing the Alliance/Nash Equilibrium as a base point. From that point they apply either the principles of the Nash Bargaining …
Persistent link: https://www.econbiz.de/10012456435
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Volatile Policy and Private Information : The Case of Monetary Policy
Jones, Larry E. - 1999
In this paper we study how volatility in monetary policy affects economic performance in the presence of endogenously chosen information structures. To isolate the effects produced by the interaction of uncertainty in monetary policy and (possibly) asymmetric information, we consider a model in...
Persistent link: https://www.econbiz.de/10012471724
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Persuading with Anecdotes
Haghtalab, Nika; Immorlica, Nicole; Lucier, Brendan; … - National Bureau of Economic Research - 2021
We study a model of social learning and communication using hard anecdotal evidence. There are two Bayesian agents (a sender and a receiver) who wish to communicate. The receiver must take an action whose payoff depends on their personal preferences and an unknown state of the world. The sender...
Persistent link: https://www.econbiz.de/10012510540
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Coalition Formation in Legislative Bargaining
Battaglini, Marco - 2019
We propose a new model of legislative bargaining in which coalitions have different values, reflecting the fact that … coalitions to seek better deals with other coalitions, but she may lose her status if bargaining breaks down, in which case a new … generalized version of a Nash Bargaining Solution in which --in contrast to the standard solution-- the coalition is endogenous …
Persistent link: https://www.econbiz.de/10012479615
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Intellectual Property Infringement by Foreign Firms : Import Protection through the ITC or Court
Brander, James A.; Spencer, Barbara J. - National Bureau of Economic Research - 2021
venues. Using a model with Nash bargaining and Cournot competition, we show that an ITC filing may restrict imports by less …
Persistent link: https://www.econbiz.de/10012482711
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Tax Competition and Migration : The Race-to-the-Bottom Hypothesis Revisited
Razin, Assaf - 2011
Oates reminds us that tax competition among localities in the presence of capital mobility, may lead to inefficiently low tax rates (and benefits). In contrast, the Tiebout paradigm suggests that tax competition yields an efficient outcome, so that there are no gains from tax coordination. This...
Persistent link: https://www.econbiz.de/10012461987
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Subgame Perfect Implementation with Almost Perfect Information and the Hold-Up Problem
Aghion, Philippe - 2009
The foundations of incomplete contracts have been questioned using or extending the subgame perfect implementation approach of Moore and Repullo (1988). We consider the robustness of subgame perfect implementation to the introduction of small amounts of asymmetric information. We show that...
Persistent link: https://www.econbiz.de/10012463482
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Discretionary Policy and Multiple Equilibria
King, Robert G. - 2006
Discretionary policymaking can foster strategic complementarities between private sector decisions, thus leading to multiple equilibria. This article studies a simple example, originating with Kydland and Prescott, of a government which must decide whether to build a dam to prevent adverse...
Persistent link: https://www.econbiz.de/10012466593
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The Political Economy of Responses to COVID-19 in the U.S.A.
Cui, Zhihan; Heal, Geoffrey; Kunreuther, Howard; Liu, Lu - National Bureau of Economic Research - 2021
Social distancing via shelter-in-place strategies, and wearing masks, have emerged as the most effective non-pharmaceutical ways of combatting COVID-19. In the United States, choices about these policies are made by individual states. We develop a game-theoretic model and then test it...
Persistent link: https://www.econbiz.de/10012496132