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identifies a host of externalities and their strategic implications for counterterrorism policies. In addition, the chapter … policy prognosis is much better for domestic terrorism as a central government can internalize externalities among …
Persistent link: https://www.econbiz.de/10014024404
Persistent link: https://www.econbiz.de/10008859895
This paper performs a welfare analysis of economies with private information when public information is endogenously generated and agents can condition on noisy public statistics in the rational expectations tradition. We find that equilibrium is not (restricted) efficient even when feasible...
Persistent link: https://www.econbiz.de/10009153832
This paper performs a welfare analysis of economies with private information when public information is endogenously generated and agents can condition on noisy public statistics in the rational expectations tradition. We find that equilibrium is not (restricted) efficient even when feasible...
Persistent link: https://www.econbiz.de/10009259934
Persistent link: https://www.econbiz.de/10009238491
This paper performs a welfare analysis of economies with private information when public information is endogenously generated and agents can condition on noisy public statistics in the rational expectations tradition. We find that equilibrium is not (restricted) efficient even when feasible...
Persistent link: https://www.econbiz.de/10013119316
creates no payoff externalities. In either model, at least one of the researchers experiments inefficiently long, so that a …
Persistent link: https://www.econbiz.de/10012870821
This paper performs a welfare analysis of economies with private information when public information is endogenously generated and agents can condition on noisy public statistics in the rational expectations tradition. We find that equilibrium is not (restricted) efficient even when feasible...
Persistent link: https://www.econbiz.de/10013008600
prices in the rational expectations tradition. Price-contingent strategies introduce two externalities in the use of private …
Persistent link: https://www.econbiz.de/10013011001
Persistent link: https://www.econbiz.de/10012617435