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Anonymous Price Taking Equilibrium in Tiebout Economies with a Continuum of Agents: Existence and Characterization
(Vanderbilt University, 2008)
We introduce a model of a local public goods economy with a continuum of agents and jurisdictions with finite, but unbounded populations, where the set of possible projects for each jurisdiction/club is unrestricted in ...
Behavioral Properties of Correlated Equilibrium;Social Group Structures with Conformity and Stereotyping
(Vanderbilt University, 2008)
We explore the potential for correlated equilibrium to capture conformity to norms and the coordination of behavior within social groups. Given a partition of players into social groups we propose properties that one may ...
Conformity, Equity and Correlated Equilibrium
(Vanderbilt University, 2008)
We explore the potential for correlated equilibrium to capture conformity to norms and the coordination of behavior within social groups. Given a partition of players into social groups we propose three properties one may ...
Competition over Standards and Taxes
(Vanderbilt University, 2008)
We show that, in competition between a developed country and a developing country over standards and taxes, the developing country may have a 'second mover advantage.' A key feature of standards is that, unlike public goods ...