The paper studies agents’ investment decisions between general and speci…c in-vestments under di¤erent ownership structures in a thin, decentralized market where each agent’s decision a¤ects the decisions and welfare of other (otherwise unrelated) agents mainly through indirect market...

We consider the effect of giving incentives to ordinary citizens to report potential criminal activity. Additionally we look at the effect of "profiling" certain groups. In the first model, we focus on two kinds of profiling. If profiling means that police single out the profiled group for more...

We investigate the effect of introducing costs of complexity in the n -person unanimity bargaining game. In particular, the paper provides a justification for stationary equilibrium strategies in the class of games where complexity costs matter. As is well-known, in this game every individually...