Showing 1 - 10 of 6,965
We present a theory of ethnic conflict in which coalitions formed along ethnic lines compete for the economy …
Persistent link: https://www.econbiz.de/10012466544
propagated abroad. In previous work, we built on the theory of rational bubbles to develop a framework to think about the origins …
Persistent link: https://www.econbiz.de/10012457733
International trade policy analysis has tended to focus on the production side of general equilibrium, with policies such as a tariff or carbon tax affecting international and internal income distributions through a Heckscher-Ohlin nexus of factor intensities and factor endowments. Here I move...
Persistent link: https://www.econbiz.de/10012458909
This paper provides a systematic analysis of identification in linear social interactions models. This is both a theoretical and an econometric exercise as the analysis is linked to a rigorously delineated model of interdependent decisions. We develop an incomplete information game that...
Persistent link: https://www.econbiz.de/10012459451
We propose a model of cycles of distrust and conflict. Overlapping generations of agents from two groups sequentially play coordination games under incomplete information about whether the other side consists of "extremists" who will never take the good/trusting action. Good actions may be...
Persistent link: https://www.econbiz.de/10012460403
This paper examines the strategic trade policy incentives for investment policies towards quality improvements in a vertically differentiated exporting industry. Firms first compete in qualities and then export to a third country market based on Bertrand or Cournot competition. Optimal policies...
Persistent link: https://www.econbiz.de/10012471239
Japanese and US firms in their markets. The duopoly model is used to determine export prices and volumes in response to the …
Persistent link: https://www.econbiz.de/10012471508
New Keynesian models of price setting under monopolistic competition involve two kinds of inefficiency: the price level is too high because firms ignore an aggregate demand externality, and when there are costs of changing prices, price stickiness may be an equilibrium response to changes in...
Persistent link: https://www.econbiz.de/10012471622
We examine the incentives for firms to voluntarily disclose otherwise private information about the quality attributes of their products. In particular, we focus on the case of differentiated products with multiple attributes and heterogeneous consumers. We show that there exist certain...
Persistent link: https://www.econbiz.de/10012466734
study a two-period model of duopoly competition in markets that have this feature and where firms can price discriminate …
Persistent link: https://www.econbiz.de/10012496138