This paper investigates under which conditions governments strategically commit to stringent environmental policies in order to protect domestic markets from entry. We compare social welfare under two policy regimes: a ?exible and in?exible environmental policy. We show that commitment becomes...

This paper analyzes how a tax/subsidy policy affects consumers? behavior when choosing between green (pollution free goods) and conventional products and its effects on welfare when some consumers have strong preferences for green goods. We develop a three stage complete information game, using...

The rights to use publicly-managed natural resources are sometimes distributed by lottery,and typically these rights are non-transferable. Prohibition of post-lottery permit transfers discourages applicants from entering the lottery solely for protable permit sale, so only those who personally...

The enterprise budget provides estimates of production costs for a well-managed hop enterprise in Yakima Valley, Washington as of 2010. Three producer scenarios are presented to demonstrate how the enterprise budget can be used to evaluate situations in which the producer may find him/herself....

This paper examines entry deterrence and signaling when an incumbent firm experiences a capacity constraint, arising from either her productive efficiency or the high market demand she faces. In both cases, we demonstrate that separating and pooling equilibria can be sustained. Our results show...

Conceptual modeling and empirical analysis of individuals’ sequential self-selection of adherence to voluntary treatment or education programs is an ongoing and unsettled area of inquiry. Both the representation of the decision process and the implementation of econometric methods for...

When a binary dependant variable is misclassified probit and logit estimates are biased and inconsistent. In this paper we suggest a conceptual basis for endogenous misclassification of the dependant variable due to systematic respondent bias and the use of Likert scales commonly used in...

In four Southern African countries where the HIV prevalence rate is among the highest in the world, 46% of female and 68% of male adolescents infected with HIV report having never engaged in sex. This finding indicates either the dominance of non-sexual modes of HIV transmission or systematic...

This paper investigates the effect of monopoly subsidies on entry deterrence. We consider a potential entrant who observes two signals: the subsidy set by the regulator and the output level produced by the incumbent firm. We show that not only an informative equilibrium can be supported, where...

This paper analyzes the negotiation of a non-binding treaty where agents are uninformed about each others?ability to comply with the terms of the agreement. We show that the presence of incomplete information allows the treaty to become successful under larger set of parameter conditions than...