0000000000471710

AUTHOR

Dolores Alepuz

showing 2 related works from this author

FOREIGN MONOPOLIES AND TARIFF AGREEMENTS UNDER INTEGRATED MARKETS

2005

In this paper the optimal policy and the stability of a tariff agreement among the importers of a monopolized good that is sold in an integrated market are studied. To analyze the stability, the tariff agreement formation is modelled as a two-stage game. In the first stage each importer decides whether or not to sign the agreement and in the second stage the signatories and non-signatories choose their tariff whereas the monopoly chooses the quantity or the price. The findings show that the optimal policy of the importers depends on which strategic variable is selected by the monopolist but that, on the contrary, this decision has no effects on the level of cooperation that can be reached b…

MicroeconomicsVariable (computer science)foreign monopolies self-enforcing tariff agreements integrated markets rent-shifting hypothesis prices versus quantitiesEconomicsTariffjel:D42Monopolyjel:F13
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A note on risk aversion and learning behavior

1995

Abstract This paper analyzes the learning behavior of a risk-averse agent. We find two conflicting effects in the experimental behavior: a stronger preference for the ex post reduction in uncertainty, but ex ante the returns to information are more uncertain.

MicroeconomicsEconomics and EconometricsEx-anteFinancial economicsRisk aversionEconomicsFinancePreferenceLearning behaviorEconomics Letters
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