Narrow search
Showing 1 - 10 of 593
Cover Image
Conflict and Deterrence Under Strategic Risk
Chassang, Sylvain - 2010
obtained in a complete information setting, where coordination is easy, to those obtained in a setting with strategic risk … deterrent effect under complete information, this does not hold anymore under strategic risk. Rather, we find that increases in … weapon stocks can have a non-monotonic effect on the sustainability of peace. We also show that under strategic risk …
Persistent link: https://www.econbiz.de/10012759352
Cover Image
Trading on Sunspots
Jovanovic, Boyan - 2015
In a model with multiple Pareto-ranked equilibria we add trade in assets that pay based on the realization of a sunspot. Asset trading restricts the equilibrium set in a way that raises welfare by eliminating equilibria with a high likelihood of disasters. When the probability of a disaster is...
Persistent link: https://www.econbiz.de/10013031016
Cover Image
Dynamic Supplier Contracts under Asymmetric Inventory Information
Zhang, Hao; Nagarajan, Mahesh; Sosic, Greys - 2010
In this paper, we examine a supply chain in which a single supplier sells to a downstream newsvendor-type retailer. We make two assumptions that enrich this simple and well-understood model. First, we consider a multi-period model, in which the sequence of events is as follows. In a period, t,...
Persistent link: https://www.econbiz.de/10014047671
Cover Image
Threats and Promises
Eaton, Jonathan - 2011
Global environmental concerns have increased the sensitivity of governments and other parties to the actions of those outside their national jurisdiction. Parties have tried to extend influence extraterritorially both by promising to reward desired behavior and by threatening to punish undesired...
Persistent link: https://www.econbiz.de/10013127720
Cover Image
Conveniently Upset : Avoiding Altruism by Distorting Beliefs About Others
Di Tella, Rafael - 2011
In this paper we present the results from a "corruption game" (a dictator game modified so that the second player can accept a side payment that reduces the overall size of the pie). Dictators (silently) treated to have the possibility of taking a larger proportion of the recipient's tokens,...
Persistent link: https://www.econbiz.de/10013131979
Cover Image
Competition in Persuasion
Gentzkow, Matthew - 2011
We study symmetric information games where a number of senders choose what information to communicate. We show that the impact of competition on information revelation is ambiguous in general. We identify a condition on the information environment (i.e., the set of signals available to each...
Persistent link: https://www.econbiz.de/10013120282
Cover Image
Smooth Politicians and Paternalistic Voters : A Theory of Large Elections
Faravelli, Marco - 2011
We propose a new game theoretic approach to modeling large elections that overcomes the "paradox of voting" in a costly voting framework, without reliance on the assumption of ad hoc preferences for voting. The key innovation that we propose is the adoption of a "smooth" policy rule under which...
Persistent link: https://www.econbiz.de/10013120312
Cover Image
Bank Size, Reputation, and Debt Renegotiation
Fernández, Raquel - 2011
This paper examines the effect that the coexistence of small and large banks, with different interests in the international market, has on the debt renegotiation process. Making use of a reputational model, we argue that the presence of small banks implies that debtor countries have a harder...
Persistent link: https://www.econbiz.de/10013124691
Cover Image
Games and Resources
Harstad, Bård - 2012
This article presents a sequence of simple and related models to analyze the strategic use of natural resources. Game theory is the natural tool for such an analysis, whether the resource is private or publicly owned, whether it is renewable or exhaustible, whether the game is static or dynamic,...
Persistent link: https://www.econbiz.de/10013098144
Cover Image
A Game Theoretic Foundation of Competitive Equilibria with Adverse Selection
Netzer, Nick - 2012
low to high risk agents that is increasing in the share of low risks in the population under weak conditions on risk …
Persistent link: https://www.econbiz.de/10013099130