that the regime survived past attacks. This interaction also generates interesting equilibrium properties, such as the …

technologies. Equilibrium extraction is too large and comes too early for public resources, but the opposite is true for private …

can withdraw from the market after initial contract offers have been observed. We show that a subgame perfect equilibrium … always exists and that, in fact, when withdrawal is costless, the set of subgame perfect equilibrium outcomes may correspond … robust equilibrium outcome of our game. This outcome is always constrained efficient and involves cross-subsidization from …

competition rules. It is shown that an equilibrium where all countries retain their antitrust laws does not exist, since … profits. Instead of such an equilibrium, a deregulation race is likely to emerge in which all but the last country repeal …

information. Instead, equilibrium strategies are many-to-one mappings that transform continuous data into ordered ranks: voting … procedures are the equilibrium methods of achieving a consensus in committees. Voting necessarily coarsens the transmission of … information among members, but is necessary to control conflicts of interest. The degree of coarseness of the equilibrium voting …

economic efficiency and that fighting bribery would be counter-productive. This need not be the case. In a general equilibrium …