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Author: Sudhir Karunakaran
Publisher:
ISBN:
Category :
Languages : en
Pages : 318
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Book Description
Author: Sudhir Karunakaran
Publisher:
ISBN:
Category :
Languages : en
Pages : 318
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Book Description
Author: David Austen-Smith
Publisher: Springer Science & Business Media
ISBN: 354027295X
Category : Business & Economics
Languages : en
Pages : 332
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Book Description
Social choices, about expenditures on government programs, or about public policy more broadly, or indeed from any conceivable set of alternatives, are determined by politics. This book is a collection of essays that tie together the fields spanned by Jeffrey S. Banks' research on this subject. It examines the strategic aspects of political decision-making, including the choices of voters in committees, the positioning of candidates in electoral campaigns, and the behavior of parties in legislatures. The chapters of this book contribute to the theory of voting with incomplete information, to the literature on Downsian and probabilistic voting models of elections, to the theory of social choice in distributive environments, and to the theory of optimal dynamic decision-making. The essays employ a spectrum of research methods, from game-theoretic analysis, to empirical investigation, to experimental testing.
Author: Joonkyo Hong
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
This dissertation consists of three chapters that attempt to understand how forward-looking firms make costly decisions and their subsequent implications for the industry's performance. The first chapter "Sunk Cost and Entrant's Choice of Capacity" develops a dynamic model of strategic entry to study how the structure of sunk entry costs influences the entrant's scale decision and the long-run market outcomes. Contrary to the typical dynamic entry model, my model features that the structure of sunk costs shapes not the number of competitors but also the industry's scale distribution. I empirically assess this channel using a case study of a land-use deregulatory reform in the South Korean cinema chain industry. The deregulation is estimated to act as an entry subsidy, particularly appealing to larger-scale theaters. However, the industry suffers a 5.6 percent loss of discounted net profits due to intensified competition and increased expenses on fixed operating costs. The resulting implicit cost of the regulatory action is not uncovered by the typical model, as it obscures the shift in the distribution toward a larger scale. The second chapter "The Differential Effect of Exporting on Input Productivities" examines how the firm's export decision shapes its input allocation in the long run, focusing on the non-neutral technological changes. I particularly study whether entering the export market results in differential increases in input productivities at the firm level (non-neutral change). I develop a model that distinguishes between firm-level skilled and unskilled labor-augmenting productivities and material input prices. Applying the model to data on the Colombian apparel manufacturers, I find that exporting raises the skilled labor-augmenting productivity by a 7.2-percentage point more than the unskilled counterpart. In a counterfactual simulation in which exporting raises the two productivities equally, the mean differences in skilled-to-unskilled employee ratios between exporters and non-exporters are 50 percent smaller than the data counterparts. The result suggests that non-neutral productivity gain from trade is central in shaping the input allocation differences between exporters and non-exporters. The third chapter "Trade Dynamics of Heterogeneous Producers under Trade Cost Complementarity" estimates a dynamic model of the firm's joint export and import decision process. In the model, participating in trade improves within-period profits and future productivity. In addition, doing one trade activity facilitates the other by reducing the associated fixed/sunk costs. Employing a Bayesian MCMC estimator, I fit the model to Colombian chemical plant panel data from 1981 to 1985. Two findings stand out: (i) importing increases future productivity significantly while exporting does not. (ii) importing facilitates exporting by lowering the sunk costs of entering the export market, while exporting facilitates importing by decreasing the fixed continuation costs of importing. A counterfactual simulation shows that subsidizing the fixed costs of importing is the most effective among trade cost subsidy schemes in improving the average productivity and firm value.
Author: John P. DeRosa
Publisher: Rowman & Littlefield
ISBN: 1538143038
Category : Political Science
Languages : en
Pages : 298
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Book Description
In February 2019, Donald Trump announced the United States withdrew from the landmark Cold War-era Intermediate-Range Nuclear Forces Treaty with Russia sparking worldwide concerns over the specter of a new nuclear arms race. The rational-actor and game-theoretic models dominating international relations literature failed to predict or explain this strategic choice. Rationalist, normative, and materialist models of strategic choice saturate the study of international relations. Scholars continue to expose the shortfalls in these approaches in explaining or predicting outcomes of strategic interactions. In this timely study, John P. DeRosa advances a new model of strategic choice through a narrative lens. This narrative turn reframes the logic to emphasize the propositions of motives, perceptions, preferences, and the reflexive interaction of strategic choices. Case studies of American and Russian nuclear arms control treaties from the negotiations of the Intermediate-Range Nuclear Forces (INF) Treaty in 1987 to the crisis of the US withdrawal from the INF Treaty in 2019 support building a theory of “narrativized” strategic choice.
Author: Michael E. Brown
Publisher: MIT Press
ISBN: 9780262265249
Category : Political Science
Languages : en
Pages : 452
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Book Description
Contending perspectives on the future of US grand strategy. More than a decade has passed since the end of the Cold War, but the United States has yet to reach a consensus on a coherent approach to the international use of American power. The essays in this volume present contending perspectives on the future of U.S. grand strategy. U.S. policy options include primacy, cooperative security, selective engagement, and retrenchment. This revised edition includes additional and more recent analysis and advocacy of these options. The volume includes the Clinton administration's National Security Strategy for a New Century, the most recent official statement of American grand strategy, so readers can compare proposed strategies with the official U.S. government position.
Author: Sriraman Venkataraman
Publisher:
ISBN:
Category :
Languages : en
Pages : 316
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Book Description
Author:
Publisher:
ISBN:
Category : Dissertations, Academic
Languages : en
Pages : 576
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Book Description
Author: Richard Zeckhauser
Publisher: Mit Press
ISBN: 9780262529532
Category :
Languages : en
Pages : 414
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Book Description
These essays by well-known scholars present the most significant recent advances in strategic choice theory.
Author: David Austen-Smith
Publisher: Springer
ISBN: 9783540801900
Category : Business & Economics
Languages : en
Pages : 320
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Book Description
Social choices, about expenditures on government programs, or about public policy more broadly, or indeed from any conceivable set of alternatives, are determined by politics. This book is a collection of essays that tie together the fields spanned by Jeffrey S. Banks' research on this subject. It examines the strategic aspects of political decision-making, including the choices of voters in committees, the positioning of candidates in electoral campaigns, and the behavior of parties in legislatures. The chapters of this book contribute to the theory of voting with incomplete information, to the literature on Downsian and probabilistic voting models of elections, to the theory of social choice in distributive environments, and to the theory of optimal dynamic decision-making. The essays employ a spectrum of research methods, from game-theoretic analysis, to empirical investigation, to experimental testing.
Author: Richard Zeckhauser
Publisher: MIT Press
ISBN: 9780262240338
Category : Business & Economics
Languages : en
Pages : 418
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Book Description
These essays by contributors from disciplines ranging from economics to psychology present the most significant advances in strategic choice theory. In three parts the book addresses many-player, few-player and one-player situations.
