We investigate the dynamic effects of a charitable lottery and an income tax on donations. The analysis is based on a two-round dictator game with the subject’s charity of choice as recipient and additional incentives in the first round only. The immediate effect of a charitable lottery leads...

Convertible bonds are hybrid securities that embody the characteristics of both straight bonds and equities. The conflict of interests between bondholders and shareholders affects the security prices significantly. In this paper, we investigate how to use a non-zero-sum game framework to model...