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Trade-related international regulatory co-operation : a theoretical framework
Lampe, Martin von; Deconinck, Koen; Bastien, Véronique - 2016
potential benefits through reduced trade costs. Different forms of IRC aiming to reduce specification, conformity assessment and … regulatory transparency – are addressed. The report argues that trade costs need to be balanced against the regulatory objectives … effects on trade with third countries. Related welfare implications are, however, ambiguous and depend on the specifics of the …
Persistent link: https://www.econbiz.de/10011582094
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Renegotiation-Proof Tariff Agreements
Cotter, Kevin D.; Mitchell, Shannon K. - 2001
The institutional features of the WTO motivate the use of renegotiation proofness as an equilibrium concept in repeated tariff-setting games. We show existence of a renegotiation-proof equilibrium that reduces tariffs below the noncooperative level. We find that the one-shot Nash equilibrium...
Persistent link: https://www.econbiz.de/10014085150
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Optimal tariffs, retaliation and the welfare loss from tariff wars in the Melitz model
Felbermayr, Gabriel; Jung, Benjamin; Larch, Mario - 2011
and a terms of trade externality. It is larger the higher the dispersion of firm-level productivities, and the bigger the … tariffs ; retaliation ; tariff wars ; heterogeneous firms ; World Trade Organization ; Nash equilibrium …
Persistent link: https://www.econbiz.de/10009130204
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Trading networks with price-setting agents
Blume, Lawrence E.; Easley, David; Kleinberg, Jon; … - In: Games and economic behavior 67 (2009) 1, pp. 36-50
Persistent link: https://www.econbiz.de/10003897126
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Nash Equilibrium and Evolution by Imitation
Björnerstedt, Jonas; Weibull, Jörgen W. - 1994
Persistent link: https://www.econbiz.de/10010334675
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The Mass-Action Interpretation of Nash Equilibrium
Weibull, Jörgen W. - 1994
Persistent link: https://www.econbiz.de/10010335026
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Dinámica de inversión y competencia en generación eléctrica en un escenario de liberalización en el Perú: La importancia de los contratos de largo plazo
Rivasplata Ramírez, Arnold Rúben; García Carpio, … - In: Revista de Métodos Cuantitativos para la Economía y … 28 (2019), pp. 224-242
We analyze the behavior of electricity generation groups that make investment and production decisions in a liberalized market scenario by introducing long-term contracts, in a context where there is a high level of market concentration. In this way, a dynamic deterministic model of imperfect...
Persistent link: https://www.econbiz.de/10014494507
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Games and prospects
Rieger, Marc Oliver (contributor) - 2007
We study how the framework of classical game theory changes when the preferences of the players are described by Prospect Theory instead of Expected Utility Theory. Specifically, we study the influence of framing effect and probability weighting on the existence and specific structure of Nash...
Persistent link: https://www.econbiz.de/10003550861
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Testing the TASP : an experimental investigation of learning in games with unstable equilibria
Cason, Timothy N.; Friedman, Daniel; Hopkins, Ed - 2009
We report experiments designed to test between Nash equilibria that are stable and unstable under learning. The “TASP” (Time Average of the Shapley Polygon) gives a precise prediction about what happens when there is divergence from equilibrium under fictitious play like learning processes....
Persistent link: https://www.econbiz.de/10003921539
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Pareto improvements of Nash equilibria in differential games
Seierstad, Atle - 2011 - Publisert 20. jun. 2011 08:55
This paper yields sufficient conditions for Pareto inoptimality of controls forming Nash equilibria in differential games. In Appendix a result on existence of open loop Nash equilibria is added. -- Differential games ; Nash equilibria ; Pareto improvements.
Persistent link: https://www.econbiz.de/10009154849