The Zollverein was the first international customs union, essentially defining these particular trade agreements. This paper utilizes the predictions of a game theoretic model to analyse the observed sequence of accessions into this union. Coalition externalities, the effects the accession of...

Recent empirical evidence suggests that product creation is pro-cyclical and it occurs largely within existing firms. Motivated by these findings, the current paper investigates the role of intra-firm product scope choice in a general equilibrium economy with oligopolistic producers. We show...

We investigate the macroeconomic consequences of fluctuations in the effectiveness of the labor-market matching process with a focus on the Great Recession. We conduct our analysis in the context of an estimated medium-scale DSGE model with sticky prices and equilibrium search unemployment that...

Efficiency analysis in fisheries is not uncommon. In the past, efficiency analysis has mainly focused on productivity, cost and revenue, with relatively few investigating profit efficiency. Negative profits and small sample sizes in fisheries have been some of the obstacles diverting attention...

Efficiency analysis in fisheries is not uncommon. In the past, efficiency analysis has mainly focused on productivity, cost and revenue, with relatively few investigating profit efficiency. Negative profits and small sample sizes in fisheries have been some of the obstacles diverting attention...

In this paper, we investigate whether the Australian Football League (AFL) intervention policies coincided with a more even-playing field in the league, as captured by individual match margins. We find that only two out of the eight major policies implemented over the last hundred years are...

The presence of illegal, unregulated and unreported (IUU) fishing activities is considered a serious barrier to the sustainable use of marine resources. This paper uses a game theoretic approach to investigate the strategic interaction between fishers and management in the presence of IUU...

We investigate the effects of incorporating a fixed input on equilibrium profits and biomass. We first set up a theoretical model with an input that is fixed in the short-run (vessel size) but that can be used with a variable input at suboptimal capacity. We use this model to get predictions for...

We study the agency problem between a firm and its research employees. In a multi-agent contracting setting, we show explicitly the way in which the optimal incentive regime is a function of how agents' efforts interact with one another: relative-performance evaluation is used when their efforts...

We investigate the effects of incorporating a fixed input on equilibrium profits and biomass. We first set up a theoretical model with an input that is fixed in the short-run (vessel size) but that can be used with a variable input at suboptimal capacity. We use this model to get predictions for...