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Voluntary Public Goods Provision, Coalition Formation, and Uncertainty

Burger, Nick - 2009

The literature on voluntary provision of public goods includes recent theoretical work on the formation of voluntary coalitions to provide public goods. Theory is ambiguous on the equilibrium coalition size and contribution rates. We examine the emergence of coalitions, their size, and how...

Persistent link: https://www.econbiz.de/10013153581

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

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

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

Trust in Large Organizations

La Porta, Rafael; López-de-Silanes, Florencio; … - 2010

Several authors suggest that trust is an important determinant of cooperation between strangers in a society, and therefore of performance of social institutions. We argue that trust should be particularly important for the performance of large organizations. In a cross-section of countries,...

Persistent link: https://www.econbiz.de/10014222386

Lobbying and Legislative Bargaining

Helpman, Elhanan; Persson, Torsten - 2022

We examine the effects of the interaction between lobbying and legislative bargaining on policy formation. Two systems are considered: a US-style congressional system and a European-style parliamentary system. First, we show that the policies generated are not intermediate between policies that...

Persistent link: https://www.econbiz.de/10014158137

Models of Currency Crises with Self-Fulfilling Features

Obstfeld, Maurice - 2000

The discomfort a government suffers from speculation against its currency determines the strategic incentives of speculators and the scope for multiple currency-market equilibria. After describing an illustrative model in which high unemployment may cause an exchange- rate crisis with...

Persistent link: https://www.econbiz.de/10014158713

Are Protests Games of Strategic Complements or Substitutes? Experimental Evidence from Hong Kong's Democracy Movement

Cantoni, Davide - 2017

The decision to protest is strategic: an individual's participation is a function of her beliefs about others' turnout. Models of protest often assume strategic complementarity; however, the challenge of collective action suggests strategic substitutability. We conduct the first field experiment...

Persistent link: https://www.econbiz.de/10012964391

The Emergence of Weak, Despotic and Inclusive States

Acemoglu, Daron - 2017

Societies under similar geographic and economic conditions and subject to similar external influences nonetheless develop very different types of states. At one extreme are weak states with little capacity and ability to regulate economic or social relations. At the other are despotic states...

Persistent link: https://www.econbiz.de/10012950052

Networks, Shocks, and Systemic Risk

Acemoglu, Daron - 2015

macroeconomic risk originating from microeconomic shocks, and models of financial interactions. Under the assumption that shocks are … literature on the role of network linkages in fostering systemic risk …

Persistent link: https://www.econbiz.de/10013028546