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For a quarter century, a top priority in transportation economic theory has been to develop models of rush-hour traffic dynamics that incorporate traffic jams (hypercongestion). The difficulty has been that "proper" models result in mathematical intractabilty, while none of the proposed...
Persistent link: https://www.econbiz.de/10011305426
commitment by the third party to a given level of assistance may be welfare-improving. -- Bayesian equilibrium ; Grossman …
Persistent link: https://www.econbiz.de/10003854485
that if donations were prohibited, then a unique equilibrium regarding the platform choices of candidates would exist. Our …
Persistent link: https://www.econbiz.de/10003897539
ecological equilibrium is hysteretic and a suitably designed temporary abatement policy can be used to steer the environment from … the bad to the good equilibrium. In all models considered in this paper, a "cold turkey" abatement policy is optimal, i …
Persistent link: https://www.econbiz.de/10003910506
resulting equilibrium dynamics, implying that economic confidence may be crucial for the process of economic development …
Persistent link: https://www.econbiz.de/10008697086
existence of a unique equilibrium in pure strategies, and carry out some comparative static exercises. -- conflict …
Persistent link: https://www.econbiz.de/10003969264
uncoordinated, multi-market contact allows firms to reduce the amount of self-reporting in equilibrium and sustain cartels more …
Persistent link: https://www.econbiz.de/10003955227
. Yet, to our knowledge, the literature lacks a formal equilibrium analysis of this auction. We provide such an analysis for …
Persistent link: https://www.econbiz.de/10003994504
) is robust. -- rational expectations equilibrium ; strategic complementarity ; multiplicity of equilibria ; asymmetric …
Persistent link: https://www.econbiz.de/10003994517
property of a signalling equilibrium to overcome credibility problems in information provision. In addition we point out …
Persistent link: https://www.econbiz.de/10003301107