Economic justice and the state: a debate between Ronald H. Nash and Eric H. Beversluis
In: Christian College Coalition study guides 1
In: Christian College Coalition study guides 1
In: NATO review, Band 49, Heft 2, S. 16-20
ISSN: 0255-3813
The purpose of this paper is to study toll and investment competition along a serial transport corridor competition allowing for partial cooperation between regional governments. Partial cooperation is modeled as a Nash bargaining problem with endogenous disagreement points. We show that the bargaining approach to partial cooperation implies lower tolls and higher quality and capacity investment than fully noncooperative behavior. Moreover, under bargaining, strategic behavior at the investment stage induces regions to offer lower quality and invest less in capacity as compared to full cooperation. Finally, Nash bargaining partially resolves the problem of welfare losses due to toll and capacity competition pointed out in the recent literature.
BASE
In: Presidential studies quarterly: official publication of the Center for the Study of the Presidency, Band 46, Heft 1, S. 212-213
ISSN: 1741-5705
In: Africa development forum
In: World Bank technical paper, no. 434. Europe and Central Asia environmentally and socially sustainable rural development ser.,0253-7494
The European Union (EU) activities for membership accession, include a series of studies, workshops and seminars, to both facilitate policy and institutional reforms, and disseminate study results, thus improving analytical skills and policy analysis capabilities in countries for EU accession. In cooperation with the Food and Agriculture Organization (FAO), the World Bank provides economic analysis and experience, as part of its coordinated activities. The major objective of the Workshop was to present the results of the studies on regional and international trade policy issues, as it relates to experiences and/or implications with regional trading agreements, specifically, the Central and Eastern European Free Trade Agreement (CEFTA) and the World Trade Organization (WTO), in relation to the membership of the ten countries under review. Discussions took place regarding the World Bank support in the rural sector, and, the magnitude of potential benefits was suggested, though dependent on an enlargement based on adequate design and implementation of agricultural policies. Liberalization of agricultural trade was considered, viewing further openings of European markets. Improvement of, and competitiveness in the food and agriculture sector was identified as a priority task, before effectiveness of the Common Agricultural Policy instruments takes place.
Reveals the origins of game theory and the advances made by John Nash, to detail the system of calculation that allows individuals to think strategically about what their opponents want, how much they want it, and how they might react to every move
World Affairs Online
In: Political science, Band 53, Heft 2, S. 68-69
ISSN: 2041-0611
SSRN
Working paper
In: North American immigrant letters, diaries and oral histories
I had the good fortune to grow up in a wonderful area of Jerusalem, surrounded by a diverse range of people: Rabbi Meizel, the communist Sala Marcel, my widowed Aunt Hannah, and the intellectual Yaacovson. As far as I'm concerned, the opinion of such people is just as authoritative for making social and economic decisions as the opinion of an expert using a model. Part memoir, part crash-course in economic theory, this deeply engaging book by one of the world's foremost economists looks at economic ideas through a personal lens. Together with an introduction to some of the central concepts in modern economic thought, Ariel Rubinstein offers some powerful and entertaining reflections on his childhood, family and career. In doing so, he challenges many of the central tenets of game theory, and sheds light on the role economics can play in society at large. The book is as thought-provoking for seasoned economists as it is enlightening for newcomers to the field. Sylvia Nasar, author of A Beautiful Mind, describes Economics Fables as a "wonderfully inviting introduction to game theory, rich in personalities, history and sense of place. Ariel Rubinstein is not only a brilliant theorist with a knack for lucid exposition, but a gifted storyteller. Students will find the ideas surprisingly accessible. Aspiring scholars, wondering whether a life of the mind is worth pursuing, will find his personal journey of intellectual discovery thrilling."
In: African and Asian Studies, Band 15, Heft 1, S. 169-170
ISSN: 1569-2108
International agreements, such as those governing arms control or the environment, virtually always require some degree of verification of information, in order that compliance can be established. To ensure that the verification process can be regarded as efficient, effective and impartial, it is important to have a mathematical model of it. One can be derived by applying methods from statistics and the theory of non-cooperative games, developed in part by John Nash, who received a Nobel prize in 1994 for his work. The methods permit the development of rational verification strategies, as well as such fundamental concepts as guaranteed probability of detection, timeliness of inspections and the deterrence of illegal activity. In this 1996 book, the required theory is introduced gradually in the context of specific real-world examples. The only prerequisites are simple calculus and statistics, so the book should be accessible to a broad range of scientists and non-scientists, in industrial, academic or governmental environments