We examine the inefficiency of uncoordinated environmental regulation of CO 2 emissions from electricity generation for a large regional US wholesale electricity market that spans …
JM Abito, C Chen - International Journal of Industrial Organization, 2023 - Elsevier
Empirical work on strategic interactions is often subject to the critique that equilibrium selection assumptions drive the results. We develop a framework for partially identifying …
A Szydłowski - Journal of Econometric Methods, 2023 - degruyter.com
We provide methods for the empirical analysis of a class of two-player repeated games with iid shocks, allowing for non-Markovian strategies. The number of possible equilibria in these …
BS Lee, C Stewart - Games and Economic Behavior, 2016 - Elsevier
In one-shot games, an analyst who knows the best response correspondence can only make limited inferences about the players' payoffs. In repeated games with full monitoring …
In the first chapter, I use a simple decomposition to distinguish between (a) inequality driven by wealth accumulation by old money, and (b) that driven by the entry of new money into the …
This is a collection of essays related to dynamic economics on the boundary between Industrial Organization and microeconomics. Chapter one examines optimal patent design …