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equilibria for any degree of discretization, which necessitates a stability analysis of equilibria. We present a general … framework for characterizations of equilibria and their stability under a broad class of evolutionary dynamics by using the …
Persistent link: https://www.econbiz.de/10011118534
Since the seminal work of Henderson (1981), a number of studies examined the effect of staggered work hours by analyzing models of work start time choice that consider the trade-off between negative congestion externalities and positive production externalities. However, these studies described...
Persistent link: https://www.econbiz.de/10011112352
employ the cartel stability concept of d'Aspremont et al. (1983) frequently use the assumption that countries can sign a …
Persistent link: https://www.econbiz.de/10005789268
Professional economists rarely write on questions of genocide. This surprises because a workhorse tool of the economics discipline concerns the analysis of behavior that takes place under constraints. All parties in genocide—perpetrators, victims, and third parties—face cost and resource...
Persistent link: https://www.econbiz.de/10011107441
This paper extends Gupta (2010), which proposes a mechanism for the structuring of international institutions for the efficient provision of global security. In that paper, the level of threat by a rogue nation was assumed as being exogenously determined. This paper uses a similar framework to...
Persistent link: https://www.econbiz.de/10008599131
at how they can shape a socio-economic context and incentives that are conducive to financial stability and economic …
Persistent link: https://www.econbiz.de/10011109126
The two sides of envy, destructive and competitive, give rise to qualitatively different equilibria, depending on economic, institutional, and cultural environment. If inequality is high, property rights are poorly protected, and social comparisons are strong, the society is likely to settle in...
Persistent link: https://www.econbiz.de/10008674246
Managing transboundary river basins is never easy and usually involves conflicts. This paper introduces a special class of games with externalities and issue linkage to promote cooperation on transboundary water resources. The paper analyzes whether issue linkages can be used as a form of...
Persistent link: https://www.econbiz.de/10011107991
This paper finds an empirical evidence that al Qaeda behaves as a contest organizer rewarding a prize to candidate extremist groups. Would-be terrorists must then compete with each other to prove their commitment and ability. Hence to maximize their own probability of winning the prize, each...
Persistent link: https://www.econbiz.de/10005036828
Most studies of the optimal provision of public goods or the excess burden from taxation assume that individual utility is independent of other individuals' consumption. This paper investigates public good provision and excess burden in a model that allows for interdependence in consumption in...
Persistent link: https://www.econbiz.de/10005837192