, an appropriately designed lottery can implement an efficient allocation in pure-strategy Nash equilibrium. The lottery …

contributions. They coincide in yielding efficient outcomes. Our focal equilibrium notions are the Multiplicative Kantian Equilibrium … in the Kant-Roemer modelling and the Balanced Linear Cost Share Equilibrium for the Wicksell-Lindahl approach. It turns …

generations can take place if the equilibrium social norm links BIGs and FIGs. The tools developed here can be used to understand …

attributes of other individuals or firms that choose the same or nearby locations in equilibrium. The main goal of this paper is … to develop the equilibrium properties of a broadly applicable and readily estimable class of sorting models that allow … that a unique equilibrium is more likely to obtain (i) the smaller are any agglomeration effects, (ii) the larger are the …

attributes of other individuals or firms that choose the same or nearby locations in equilibrium. The main goal of this paper is … to develop the equilibrium properties of a broadly applicable and readily estimable class of sorting models that allow … that a unique equilibrium is more likely to obtain (i) the smaller are any agglomeration effects, (ii) the larger are the …

This paper examines the ability of a policy maker to control equilibrium outcomes in a global coordination game …; applications include currency attacks, bank runs, and debt crises. A unique equilibrium is known to survive when the policy is …