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Cheap Talk, Gullibility, and Welfare in an Environmental Taxation Game
Deissenberg, Christophe; Dawid, Herbert; Sevcik, Pavel - 2004
We consider a simple dynamic model of environmental taxation that exhibits time inconsistency. There are two categories of firms, Believers, who take the tax announcements made by the Regulator to face value, and Non-Believers, who perfectly anticipate the Regulator's decisions, albeit at a...
Persistent link: https://www.econbiz.de/10011325007
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Conformity and Bounded Rationality in Games with Many Players
Cartwright, Edward; Wooders, Myrna - 2003
Interpret a set of players all playing the same pure strategy and all with similar attributes as a society. Is it consistent with self interested behaviour for a population to organise itself into a relatively small number of societies? In a companion paper we characterised how large e must be,...
Persistent link: https://www.econbiz.de/10011325152
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Antidumping as strategic trade policy under asymmetric information
Matschke, Xenia; Schöttner, Anja - 2008
Persistent link: https://www.econbiz.de/10003866662
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The golden hello and political transitions
Aidt, Toke; Albornoz, Facundo; Gassebner, Martin - 2012
have taken place. We test this unexplored implication of the theory empirically. We find in a world sample from 1970 to …We analyze the influence of IMF and World Bank programs on political regime transitions. We develop an extended version … transitions ; democracy ; autocracy ; IMF ; World Bank …
Persistent link: https://www.econbiz.de/10009629705
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Agency and communication in IMF conditional lending : theory and empirical evidence
Marchesi, Silvia; Sabani, Laura; Dreher, Axel - 2009
the countries' authorities, openness, and transparency, consistently with the theory. -- IMF conditionality ; delegation …
Persistent link: https://www.econbiz.de/10003908576
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What determines the finance-growth nexus? : An endogenous growth model and empirical evidence
Graff, Michael (contributor); Karmann, Alexander (contributor) - 2003 - [Elektronische Ressource]
An endogenous growth model on finance and growth is formulated, and empirical analyses are conducted. The model exhibits structural shifts and breaks caused by institutional changes, suggesting that a linear approach is inadequate. To address this point empirically, we fit data for 90 countries...
Persistent link: https://www.econbiz.de/10001767757
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Mergers and government policy
Sapozhnikov, Margarita - 2006
Persistent link: https://www.econbiz.de/10003837665
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A Ricardian model of the tragedy of the commons
lasserre, Pierre; Soubeyran, Antoine - 2001
This paper revisits the tragedy of the commons when agents have different capabilities in both production and encroachment activities, and can allocate their time between them. Under fairly general assumptions on production and encroachment technologies, an individual's expected income is convex...
Persistent link: https://www.econbiz.de/10011608842
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Bounded Rationality and Repeated Network Formation
Querou, Nicolas; Beal, Sylvain - 2006
We define a finite-horizon repeated network formation game with consent, and study the differences induced by different levels of individual rationality. We prove that perfectly rational players will remain unconnected at the equilibrium, while nonempty equilibrium networks may form when,...
Persistent link: https://www.econbiz.de/10010312539
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Growth volatility and inequality in the U.S. : a wavelet analysis
Chang, Shinhye; Gupta, Rangan; Miller, Stephen M.; … - 2018
Persistent link: https://www.econbiz.de/10011881494