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Trimmed Strategies: Achieving Sequentially Rational Equilibria with only Partially Specified Strategies
(Vanderbilt University, 2008)
Both subgame-perfect equilibrium and weak-perfect Bayesian equilibrium impose rationality at information sets that are irrelevant for a sequentially rational outcome. In this paper, for each of these equilibrium concepts, ...
Strategic Nonlinear Income Tax Competition with Perfect Labor Mobility
(Vanderbilt University, 2008)
The Nash equilibria of a tax-setting game between two governments who can set nonlinear income tax schedules for a perfectly mobile workforce whose members differ in unobserved skill levels are examined. Each government ...
Settlement
(Vanderbilt University, 2008)
This survey of the modeling of pretrial settlement bargaining organizes current main themes and recent developments. The basic concepts used are outlined as core models and then several variations on these core models are ...
Consistent and Asymptotically Unbiased MinP Tests of Multiple Inequality Moment Restrictions
(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 ...
A Defense of the Current US Tax Treatment of Employer-Provided Medical Insurance
(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 ...
The Economic Effects of Slum Clearance and Urban Renewal in the United States
(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 ...
The Role of Government in the Credit Market
(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 ...
Developing Country Second-Mover Advantage in Competition over Environmental Standards and Taxes
(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 ...
Strategic Network Interdiction
(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 ...
Has Inflation Targeting Improved Monetary Policy? Evaluating Policy Effectiveness in Australia, Canada, and New Zealand
(Vanderbilt University, 2009)
The degree to which explicit inflation targets contribute to the success of price stabilization policies has not been conclusively established. To assess the impact of announced inflation targets on the effectiveness of ...