This paper investigates incomplete information and signaling about players?inequity aversion in the simultaneous and sequential-move prisoner?s dilemma game. We first evaluate the role of incomplete information according to: (1) whether uncertainty helps select the effcient equilibrium outcome,...

This paper investigates the role of uncertainty as a tool to support cooperation in international environmental agreements. We consider two layers of uncertainty. Under unilateral uncertainty treaties become successful with positive probability in the signaling game, even under parameter...

This paper characterizes a set of Nash equilibria in a first-price sealed-bid auction with the right of first refusal using two bidders and asymmetric information regarding the bidders’ value distributions. The equilibria for multiple bidders and a more general value distribution are also...

Growth and diversification patterns of size cohorts in four Washington state agricultural industries between the 1992 and 2002 agricultural censuses are examined. Three industries (wheat, apples, and beef) show similar growth patterns. Two (wheat and apples) show similar diversification...

This study shows the economic impact of the Washington State Nursery, Plant Materials and Landscaping industries on the Washington State economy. The analysis in this paper is based on 2002 Census of Agriculture and Census of Industry data, up-dated to 2005 and integrated into an IMPLAN based...

This paper examines firms? incentives to develop a new (green) product,which might compete against the traditional pollutant (brown) product that the? firm sells. We show that in equilibrium more than one?firm might develop the green good, but such an equilibrium outcome is not necessarily...

This article estimates the demand for mint-flavored gum products using grocery store sales data and accounting for consumers’ valuation of quality. Unobserved product attributes, such as flavor quality, are important elements to consider when estimating the demand for gum. The estimation...