Nieva, Ricardo(Center for Economic Research, Department of Economics, University of Minnesota, 2005)
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 ...
Nyman, John A.(Center for Economic Research, Department of Economics, University of Minnesota, 2004)
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 ...
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" ...
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 ...
Nyman, John(Center for Economic Research, Department of Economics, University of Minnesota, 2003)
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 ...