We examine free riding for entry deterrence in license auctions with heterogeneous incumbents. We establish the monotonicity of randomized preemptive bidding equilibria: an incumbent with a higher entry-loss rate has greater free-riding incentive, choosing a lower deterring probability. We then...

Part 1: Economic Development, Growth, and Social Welfare -- Chapter 1. Improvement in Living Standards in the 1960-1970s and Economic Development in Korea (Sok Chul Hong) -- Chapter 2. Fertility Dynamics with Family Bargaining (Akira Yakita) -- Chapter 3. Skill-Biased Innovation, Growth, and...

Robert Nozick allegedly introduced his liberal theory of private ownership as an objection to theories of end-state justice. Nevertheless, we show that, in a stylized framework for the allocation of goods in joint ventures, both approaches can be seen as complementary. More precisely, in such a...

Group identification refers to the problem of classifying individuals into groups (e.g., racial or ethnic classification). We consider a multinary group identification model where memberships to three or more groups are simultaneously determined based on individual opinions on who belong to what...