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Center for Economic Research Discussion Papers  [323]

Persistent link to this collection: http://hdl.handle.net/11299/54175

This series of discussion papers arose from seminars and research conducted at the Center for Economic Research and includes work by three Nobel Prize in Economics laureates.


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An ANC Payoff Function for Networks with Sequentially Nash Coherent Plans

Nieva, Ricardo (Center for Economic Research, Department of Economics, University of Minnesota, 2005-10)
I add endogenous bargaining possibilities do develop criteria to determine which statements are credible in a three-player model with complete information where pairs, in a sequential order, can formulate simultaneous ...

A Theory of Demand for Gambles

Nyman, John A. (Center for Economic Research, Department of Economics, University of Minnesota, 2004-09)
Although gambling is primarily an economic activity, no single theory of the demand for gambles has gained wide-spread acceptance among economists. This paper proposes a simple model of the demand for gambling that is ...

The Market for Liars: Reputation and Auditor Honesty

McLennan, Andrew; Park, In-Uck (Center for Economic Research, Department of Economics, University of Minnesota, 2003-06)
In the model there are two types of financial auditors with identical technology, one of which is endowed with a prior reputation for honesty. We characterize conditions under which there exists a "two-tier equilibrium" ...

Economic Effects of Liberalization: The Case of China's Accession to the World Trade Organization

Bajona, Claustre; Chu, Tianshu (Center for Economic Research, Department of Economics, University of Minnesota, 2003-03)
Many developing economies have joined or applied to join the WTO as part of their process of transformation to market-oriented economies. Accession to the WTO involves provisions to liberalize capital markets and to ...

Health Insurance Theory: The Case of the Vanishing Welfare Gain

Nyman, John (Center for Economic Research, Department of Economics, University of Minnesota, 2003-01)
This paper presents theory that an important source of value is missing from conventional theory of the demand for health insurance, namely, the effect of the transfer of income (from those who purchase insurance and ...

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