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This paper develops a theory of 'oil’igopoly exploration of an exhaustible resource. Strategic exploration and production are jointly derived in a three period subgame perfect equilibrium. While the 'oil’igopoly theory of exploration shares many features with non-strategic models...
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This document contains the protocols, instructions, and exam used for the experiments discussed in "Mine and yours: Property rights in dictator games." Journal of Economic Behavior & Organization, Volume 65, Issues 3-4, March 2008, Pages 703-713.
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We introduce nominal wage contracts into a competitive and a noncompetitive labor market structure. We find these models to have similar business cycle properties, but we argue that the imperfectly competitive market structure is more appropriate for nominal wage contract analyzes. We introduce...
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Despite over 20 years of debate, the TRIPs agreement remains very contentious. This paper evaluates the impact of strengthening intellectual property rights (IPRs) in developing countries on developed countries' exports over the 1962-2000 period. Colonial origin is used to isolate exogenous...
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