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Conflict and Deterrence Under Strategic Risk
Chassang, Sylvain - 2010
We examine the mechanics of deterrence and intervention when fear is a motive for conflict. We contrast results obtained in a complete information setting, where coordination is easy, to those obtained in a setting with strategic risk, where players have different assessments of their...
Persistent link: https://www.econbiz.de/10012759352
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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 …
Persistent link: https://www.econbiz.de/10013031016
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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
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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
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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
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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
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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
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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 … technologies. Equilibrium extraction is too large and comes too early for public resources, but the opposite is true for private … resources. The effects add up nicely when the resource has both private and public-good aspects …
Persistent link: https://www.econbiz.de/10013098144
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A Game Theoretic Foundation of Competitive Equilibria with Adverse Selection
Netzer, Nick - 2012
We construct a fully specified extensive form game that captures competitive markets with adverse selection. In particular, it allows firms to offer any finite set of contracts, so that cross-subsidization is not ruled out. Moreover, firms can withdraw from the market after initial contract...
Persistent link: https://www.econbiz.de/10013099130
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Unobserved Heterogeneity in Matching Games with an Application to Venture Capital
Fox, Jeremy T. - 2012
Agents in two-sided matching games vary in characteristics that are unobservable in typical data on matching markets. We investigate the identification of the distribution of unobserved characteristics using data on who matches with whom. In full generality, we consider many-to-many matching and...
Persistent link: https://www.econbiz.de/10013104978