We study an incomplete information game in which players are involved in a reciprocal relationship that allows them to coordinate their actions by contracting among themselves. We model this as a competing mechanism game in which players have the ability to write contracts. We characterize the...

Over the last decade the important role that local authorities can play in catalyzing community action on climate change has been repeatedly emphasised by the UK Government. The paper examines this policy context and explores the options available to local authorities in terms of reaching and...

This paper explores the politics around the role of agency in the UK climate change debate. Government interventions on the demand side of consumption have increasingly involved attempts to obtain greater traction with the values, attitudes and beliefs of citizens in relation to climate change...

Trade in intermediate inputs raises firm productivity as it enables producers to access both better and novel inputs of production. The question is: by how much? This paper develops a framework to answer this question. We explicitly allow for (i) firms sourcing from multiple countries, (ii)...

This paper provides a dynamic extension of Peters (2010) directed search model. The point is to characterize the evolution of wage outcomes over time. The primary result of that paper, which is reproduced here, is that workers use random application strategies when they are searching for new...

The recent literature on competing mechanisms has devoted a lot of effort at understanding a very complex and abstract issue. In particular, an agent's type in a competitive environment is hard to conceptualize because it depends on information the agent has about what is going on in the rest of...

It is known that mechanism designers can extract agents' information about competitors' mechanisms in a competing mechanism game. This makes it possible for sellers to punish each other for deviations even when they do not directly observe other sellers' mechanisms. This allows for very...

We provide a partial characterization of the set of outcome functions that can be supported as perfect Bayesian equilibrium in the recommendation game described in [T. Yamashita, Mechanism games with multiple principals and three or more agents, Econometrica 78 (2) (2010) 791–801]. We show...

The recent years have seen a strong rise in policies aiming to increase the diffusion of clean energy technologies. While there is general agreement that such deployment policies have been very effective in bringing technologies to the market, it is less understood how these policies affect...

There are large and persistent productivity differences across firms within narrowly defined industries. This is especially true in poor countries. Why do productivity differences decline as the economy develops? In this paper I propose a theory where productivity differences exist because...