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Status Equilibrium for Local Public Good Economies
Nouweland, Anne van den; Wooders, Myrna H. - Vanderbilt University Department of Economics - 2005
We introduce a concept of status equilibrium for local public good economies. A status equilibrium specifies one status … agent might belong. We provide an axiomatic charaterization of status equilibrium using consistency properties. …
Persistent link: https://www.econbiz.de/10005459261
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Games with Many Players and Abstract Economies Permitting Differentiated Commodities, Clubs, and Public Goods
Wooders, Myrna - Vanderbilt University Department of Economics - 2008
In a seminal paper relating economic and game theoretic structures, Shapley and Shubik (1969) demonstrate that a game is a market game -- that is, a game derived from a finite-dimensional private goods exchange economy where all participants have continuous, concave utility functions. In this...
Persistent link: https://www.econbiz.de/10005595931
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Market Games and Clubs
Wooders, Myrna - Vanderbilt University Department of Economics - 2009
approximate cores; (c) the equal treatment property holds -- that is, both market equilibrium and the core treat similar players …
Persistent link: https://www.econbiz.de/10008624634
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Public Good Differentiation and the Intensity of Tax Competition
Zissimos, Ben; Wooders, Myrna - Vanderbilt University Department of Economics - 2003
We show that, in a setting where tax competition promotes efficiency, variation in the extent to which firms can use public goods to reduce costs brings about a reduction in the intensity of tax competition. This in turn brings about a loss of efficiency. In this environment, a `minimum tax'...
Persistent link: https://www.econbiz.de/10005752723
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Relaxing Tax Competition through Public Good Differentiation
Zissimos, Ben; Wooders, Myrna H. - Vanderbilt University Department of Economics - 2006
This paper argues that, because governments are able to relax tax competition through public good differentiation, traditionally high-tax countries have continued to set taxes at a relatively high rate even as markets have become more integrated. The key assumption is that there is variation in...
Persistent link: https://www.econbiz.de/10005752730
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Tax Competition Reconsidered
Dhillon, Amrita; Wooders, Myrna H.; Zissimos, Ben - Vanderbilt University Department of Economics - 2006
equilibrium can be efficient or inefficient with either too much, or too little public good provision. The key is whether there …
Persistent link: https://www.econbiz.de/10005585305
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Competition over Standards and Taxes
Groenert, Valesca; Wooders, Myrna; Zissimos, Ben - Vanderbilt University Department of Economics - 2008
We show that, in competition between a developed country and a developing country over standards and taxes, the developing country may have a 'second mover advantage.' A key feature of standards is that, unlike public goods as usually defined, all firms do not unanimously prefer higher standard...
Persistent link: https://www.econbiz.de/10005595877
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A Strategic Market Game Approach for the Private Provision of Public Goods
Faias, Marta; Moreno-Garcia, Emma; Wooders, Myrna - Vanderbilt University Department of Economics - 2012
relying on first order conditions, the authors demonstrate existence of Nash equilibrium and an extension of Warr's neutrality … result - any redistribution of endowment that left the set of contributors unchanged would induce a new equilibrium with the … the strategic market game equilibrium to the private provision of equilibrium of Villanaci and Zenginobuz (2005), which …
Persistent link: https://www.econbiz.de/10010550744
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A strategic market game approach for the private provision of public goods
Faias, Marta; Emma Moreno-garcía; Wooders, Myrna - Vanderbilt University Department of Economics - 2012
relying on first order conditions, the authors demonstrate existence of Nash equilibrium and an extension of Warr's neutrality … result - any redistribution of endowment that left the set of contributors unchanged would induce a new equilibrium with the … the strategic market game equilibrium to the private provision of equilibrium of Villanaci and Zenginobuz (2005), which …
Persistent link: https://www.econbiz.de/10010603811
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A strategic market game approach for the private provision of public goods
Faias, Marta; Emma Moreno-garcía; Wooders, Myrna - Vanderbilt University Department of Economics - 2012
relying on first order conditions, the authors demonstrate existence of Nash equilibrium and an extension of Warr's neutrality … result - any redistribution of endowment that left the set of contributors unchanged would induce a new equilibrium with the … the strategic market game equilibrium to the private provision of equilibrium of Villanaci and Zenginobuz (2005), which …
Persistent link: https://www.econbiz.de/10010604404