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coalition theory, we find that the potential benefits of water trade may not be su cient to make all agents in the river …
Persistent link: https://www.econbiz.de/10010339310
Persistent link: https://www.econbiz.de/10001752456
In this paper, we analyze coordination of macroeconomic stabilization policies within the EMU by focusing, in a dynamic set-up, on asymmetries, externalities, and the existence of a multi-country context. We study how coalitions among fiscal and monetary authorities are formed and what are their...
Persistent link: https://www.econbiz.de/10001689325
Public goods provision often involves groups of contributors repeatedly interacting with administrators who can extract rents from the pool of contributions. We suggest a novel identification approach that exploits the sequential ordering of decisions in a panel vector autoregressive model to...
Persistent link: https://www.econbiz.de/10010484932
Persistent link: https://www.econbiz.de/10002538886
The assumptions that subjects hold beliefs and that the chosen actions are not altered by a proper elicitation of these beliefs are widely used in economics. In this paper I experimentally test whether the second assumption is correct. Especially controlling for different game properties, I find...
Persistent link: https://www.econbiz.de/10010487275
This paper studies within a multi-country model with international trade the stability of international environmental agreements (IEAs) when countries regulate carbon emissions either by taxes or caps. Regardless of whether coalitions play Nash or are Stackelberg leaders the principal message is...
Persistent link: https://www.econbiz.de/10010483270
intergovernmental group. We uncover the role of preference alignment and preference independence between members of the coalition group … for equilibrium payoffs and welfare effects. In this analysis we also distinguishing between coalition groups with and … without side payments. Overall, coalition groups tend to perform well for the members of the coalition group in comparison to …
Persistent link: https://www.econbiz.de/10010338972
In this paper we analyze how ratification uncertainty impacts the optimal terms of international environmental agreements (IEAs). We relax the frequent assumption of countries as unitary actors by modeling the ratification stage through uncertain preferences of a ratifying agent (e.g. the...
Persistent link: https://www.econbiz.de/10010339399
Persistent link: https://www.econbiz.de/10012873640