Browsing Working Papers by Author "Loury, Glenn C."

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    • The economics of rotating savings and credit associations 

      Besley, Timothy; Coate, Stephen; Loury, Glenn C. (MIT Center for Energy and Environmental Policy Research, 1990)
      This paper examines the role and performance of an institution for allocating savings which is observed world wide - rotating savings and credit associations. We develop a general equilibrium model of an economy with an ...

    • Tacit collusion in a dynamic duopoly with indivisible production and cumulative capacity constraints 

      Loury, Glenn C. (MIT Center for Energy and Environmental Policy Research, 1990)
      This paper studies a dynamic, quantity setting duopoly game characterized as follows: Each firm produces an indivisible output over a potentially infinite horizon, facing the constraint that its cumulative production cannot ...