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We consider a simple dynamic model of environmental taxation that exhibits time inconsistency. There are two categories of firms, Believers, who take the tax announcements made by the Regulator to face value, and Non-Believers, who perfectly anticipate the Regulator's decisions, albeit at a...
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incentives to share information ex-ante, highlighting the role of the elasticity of payoffs to the equilibrium volatility of one …
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Interpret a set of players all playing the same pure strategy and all with similar attributes as a society. Is it consistent with self interested behaviour for a population to organise itself into a relatively small number of societies? In a companion paper we characterised how large e must be,...
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We study identification of preferences in static single-agent discrete choice models where decision makers may be imperfectly informed about the state of the world. We leverage the notion of one-player Bayes Correlated Equilibrium by Bergemann and Morris (2016) to provide a tractable...
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proposed among others by Barrett (2001) and Benedick (2001) is based on the insight that incentives to free-ride are much … first applied game theory analysis of a technology-based climate protocol by assessing: (i) the self-enforcingness (namely …, the absence of incentives to free ride) of the coalition that would form when countries negotiate on climate …
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