advanced search

Giuseppe Marco Attanasi, Astrid Hopfensitz, Emiliano Lorini, and Frédéric Moisan

vol. 90, November 2016, pp. 86–109

We study the impact of social ties on behavior in two types of asymmetric coordination games. Social ties are varied by making players interact with partners from different in-groups (fellow members of their own sports team, members of their sports club, students of their university). Subjective...

Jean-Paul Azam, and Mario Ferrero

vol. 22, n. 4, November 2016, pp. 357–364

The Herostratos syndrome affects some people who perpetrate odious attacks for the sake of infamy. We suggest that this sheds some useful light to explain the wave of mass killing going on in Europe and North America, including school shootings and Jihadist terrorism, within a game-theoretic...

Fred Schroyen, and Nicolas Treich

vol. 100, November 2016, pp. 46–48

The relationship between wealth and power has long been debated. Nevertheless, this relationship has been rarely studied in a strategic game. In this paper, we study wealth effects in a strategic contest game. Two opposing effects arise: wealth reduces the marginal cost of effort but it also...

Joyee Deb, Julio Gonzalez-Diaz, and Jérôme Renault

vol. 100, November 2016, pp. 1–23

We study infinitely repeated anonymous random matching games played by communities of players, who only observe the outcomes of their own matches. It is well known that cooperation can be sustained in equilibrium for the prisoner's dilemma, but little is known beyond this game. We study a new...

Thomas Chaney

vol. 72, November 2016, pp. 141–154

I propose a model of international trade with liquidity constraints. If firms must pay a fixed entry cost in order to access foreign markets, and if they face liquidity constraints to finance these costs, only those firms that have sufficient liquidity are able to export. A set of firms could...

Erwan Pierre, Stéphane Villeneuve, and Xavier Warin

vol. 20, n. 4, October 2016, pp. 809–854

This paper examines the dividend and investment policies of a cash constrained firm that has access to costly external funding. We depart from the literature by allowing the firm to issue collateralized debt to increase its investment in productive assets resulting in a performance sensitive...

Nikrooz Nasr Esfahani, and Doh-Shin Jeon

vol. 8, n. 4, October 2016, pp. 91–114

This paper studies how news aggregators affect the quality choices of newspapers competing on the Internet. To provide a micro-foundation for the role of the aggregator, we build a model of multiple issues where newspapers choose their quality on each issue. Our model captures well the main trade-...

Christian Gollier

vol. 142, October 2016, pp. 83–90

Weitzman (1998, 2001) proposed a simple “gamma discounting” method to characterize the term structure of discount rates today from the sole distribution of future spot interest rates. This rule which justifies using a smaller discount rate for longer maturities is now used for long-term policy...

G. Dhaene, and Koen Jochmans

vol. 32, October 2016, pp. 1178–1215