Working Papers: Recent submissions
Now showing items 21-40 of 319
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(Vanderbilt University, 2011)In a North-South vertically differentiated duopoly, we derive equilibrium government policies towards parallel imports (PIs). By incorporating strategic interaction at the policy-setting stage and the product market, the ...
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(Vanderbilt University, 2011)The Portuguese and Dutch merchant empires had a similar geographic distribution with outposts all around the Indian Ocean, which they controlled and manned. Both empires faced the same problem of monitoring their agents ...
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(Vanderbilt University, 2011)Uncertainties associated with the informational content of real-time data and the impact of policy initiatives on expectations have been offered as rationales for gradualism in monetary policy. Our objective is to assess ...
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(Vanderbilt University, 2011)Existing empirical evidence suggests that the effects of Vietnam veteran status on earnings in the decade-and-a-half following service may be concentrated in the lower tail of the earnings distribution. Motivated by this ...
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(Vanderbilt University, 2011)This article establishes versions of Moulin's [On strategy-proofness and single peakedness, Public Choice 35 (1980), 31-38] characterizations of various classes of strategy-proof social choice functions when the domain ...
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(Vanderbilt University, 2010)We model the game between an informed seller (a lawyer) and an uninformed buyer (a potential client) over the choice of compensation for the lawyer to take a case to trial, when there is post-contracting investment by the ...
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(Vanderbilt University, 2010)Abstract: This paper brings together two of the most important solution concepts of game theory –subgame-perfect Nash equilibrium of a non-cooperative game and the core of a cooperativegame. Our approach rests on two ...
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(Vanderbilt University, 2010)Abstract: A challenge facing the literature of equilibrium indeterminacy and sunspot-driven business cycle fluctuations based on increasing returns to scale in production is that the required degree of increasing returns ...
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(Vanderbilt University, 2010)Abstract: Syphilis has re-emerged as a global public health issue. In lesser developed countries, millions of people are contracting the disease, which can be fatal without access to proper treatment. In developed countries, ...
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(Vanderbilt University, 2010)This paper shows how a nation's elite maintain ownership of their wealth by creating a `pampered bureaucracy.' The elite thus divert part of an otherwise entrepreneurial middle class from more productive manufacturing ...
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(Vanderbilt University, 2010)Abstract: What tangible benefit do universities who participate in major televised sports achieve from their commitment? The essay reviews the evidence on the gains in public funding, attraction of philanthropy, increases ...
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(Vanderbilt University, 2010)The Housing Act of 1949 established a federally subsidized program that helped cities clear areas of existing buildings for redevelopment, rehabilitate deteriorating structures, complete comprehensive city plans, and enforce ...
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(Vanderbilt University, 2010)Abstract: We show that, in competition between a developed country and a developing country over environmental standards and taxes, the developing country may have a 'second- mover advantage.' In our model, firms do not ...
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(Vanderbilt University, 2010)This paper shows how distance may be used to coordinate on a unique equilibrium in which trade agreements are regional. Trade agreement formation is modeled as coalition formation. In a standard trade model with no distance ...
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(Vanderbilt University, 2010)The impacts of changing the number of individuals of a particular skill level on the solutions to two versions of the finite population optimal nonlinear income tax problem are investigated. In one version, preferences are ...
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(Vanderbilt University, 2010)We develop a general equilibrium search model with endogenous health accumulation and a unique feature of the US tax code, that exempts employer-provided medical benefits from taxation, to jointly account for US long term ...
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(Vanderbilt University, 2010)Abstract: We develop a strategic model of network interdiction in a non-cooperative game of flow. A security agency operates a network with arc capacities. An adversary, endowed with a bounded quantity of bads, chooses a ...
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(Vanderbilt University, 2010)Abstract: The paper investigates the role of the Intertemporal Elasticity of Substitution () in determining the equity premium. This is done in an overlapping generations economy populated by agents that live for 2 periods ...
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(Vanderbilt University, 2009)This paper considers the general problem of testing multiple inequality moment restrictions against an unrestricted alternative. We first introduce a test based on a maximum statistic and show how, via a partially recentered ...
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(Vanderbilt University, 2009)The paper assumes a government advantage in collecting income contingent payments and develop a proposal for a government loan program that is an integral part of the tax system. The focus is on administrative costs and ...