Browsing Department of Economics by Subject "welfare"

Now showing items 1-4 of 4

    • Hidden Talents: Partnerships with Pareto-Improving Private Information 
      Daughety, Andrew F.; Reinganum, Jennifer F. (Vanderbilt University, 2006)
      Can the presence of private information in a transaction yield a Pareto-improvement over complete information? In this paper we show that the combination of multi-agent simultaneous signaling of private information, and ...
    • Temptation and Self-Control: Some Evidence and Applications 
      Huang, Kevin X.D.; Liu, Zheng; Zhu, John Q. (Vanderbilt University, 2007)
      This paper studies the empirical relevance of temptation and self-control using household-level data from the Consumer Expenditure Survey. We construct an infinite-horizon consumption-savings model that allows, but does ...
    • The GATT and Gradualism 
      Zissimos, Ben (Vanderbilt University, 2006)
      This paper shows how the institutional rules imposed on its signatories by the GATT created a strategic incentive for countries to liberalize gradually. Trade liberalization must be gradual, and free trade can never be ...
    • The Structure and Performance of the World Market in a Cobb-Douglas Example 
      Zissimos, Ben (Vanderbilt University, 2006)
      In an international trading economy where countries set tariffs strategically, modeled using a Cobb-Douglas example, this paper studies the relationship between the structure and the performance of the world market. Using ...