This paper presents DSGE Nash, a toolkit to solve for pure strategy Nash equilibria of global games in macro models. Although primarily designed to solve for Nash equilibria in DSGE models, the toolkit encompasses a broad range of options including solutions up to the third order, multiple...

When politicians are provided with insufficient incentives by the democratic election mechanism, we show that social welfare can be improved by threshold contracts. A threshold incentive contract stipulates a performance level which a politican must reach in order to have the right to stand for...

A campaign model in which candidates can make law announcements for reforms in the next term will be considered. Acquiring information about these laws incurs the candidates a certain cost. The conditions under which a candidate acquires information about a given law during the campaign will be...