Working Papers: Recent submissions

Now showing items 151-153 of 334

    • Interdependent pricing and markup behavior : an empirical analysis of GM, Ford and Chrysler 

      Berndt, Ernst R.; Friedlaender, Ann Fetter; Wang Chiang, Judy S. (MIT Center for Energy and Environmental Policy Research, 1990)
      In this paper we show how to adapt the traditional contingent claims valuation techniques to correctly value the firm and its liabilities in the presence of agency costs. This enables us to measure the significance of the ...

    • 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 ...

    • 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 ...