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The Strategic Timing Incentives of Commercial Radio Stations:An Empirical Analysis Using Multiple Equilibria
Strategic Timing Incentives Commercial Radio Stations Multiple Equilibria
2015/9/24
Commercial radio stations and advertisers may have conflicting interests about when commercial breaks should be played. This article estimates an incomplete information timing game to examine stations...
Could a Website Really Have Doomed the Health Exchanges?Multiple Equilibria,Initial Conditions and the Construction of the Fine
Health Exchanges Adverse Selection Insurance Markets Mandate
2015/7/31
Public attention has focused on how the launch of the national health exchanges could impact the types of risks who initially enroll and thereby affect future premiums and enrollment. We introduce sim...
Monetary policy and multiple equilibria with constrained investment and externalities
Determinacy Interest rate rules Investment Monetary policy
2011/8/21
This paper focuses on two mechanisms under which interest-rate feed-back rules induce local indeterminacy in a closed economy with capital accumulation: arbitrage activity and the pricing channel. It ...