Non-coordinated monetary policy is analysed in a stochastic two-country general equilibrium model. Non-coordinated equilibria are compared in two cases: one where policy is set in terms of state-contingent money supply rules and one where policy is set in terms of state-contingent nominal interest rate rules. In general the non-coordinated equilibrium differs between the two types of policy rul...

We examine the setting of national competition policy in a two-country setting, emphasizing the relationship of trade to the goals of competition policy (such as the degree and nature of competition). The issues we address involve the general equilibrium distributional effects of competition policy, the relationship of national competition policy to terms-of-trade gains and losses, the implicat...

the sensitivity analysis for multi-attribute decision making (madm) problems is important for two reasons: first, the decision matrix as the source of the results of a decision problem is inaccurate because it sorts the alternatives in each criterion inaccurately. second, the decision maker may change his opinions in a time period because of changes in the importance of the criteria and in the ...

Abstract The onset of the COVID-19 pandemic saw a period rapid experimentation with insolvency law settings, designed to prevent wave insolvencies. Although governments acted quickly keep debtors out processes, they did not alter high levels underlying indebtedness. In this worsening economic climate characterized by low growth, inflation, fiscal tightening and indebtedness, it appears, in cert...

Brewer and Nash, and immediately updated by this author, introduced Chinese Wall security policy models for commercial security. Applying Pawlak's idea of conflict analysis, this paper introduced a practical way of computing an extended model.

This paper analyses the feasibility and potential future of Iran’s satellite development project using Graph Model for Conflict Resolution (GMCR). United Nations Security Council (UNSC), The USA Iranian government were selected as three main decision makers. list rank-based preferences was generated each maker based on their priorities arguments during various negotiations carried out throughou...

Search, Migration, and Urban Land Use: The Case of Transportation Policies We develop a search-matching model with rural-urban migration and an explicit land market. Wages, job creation, urban housing prices are endogenous and we characterize the steadystate equilibrium. We then consider three different policies: a transportation policy that improves the public transport system in the city, an ...

In this paper we discuss how three different public policy measures affect water storage controlled by hydropower producing firms. In particular we discuss measures to promote competition, increase transmission capacity and rationing. The analysis is conducted within the framework of an oligopoly model where 2 hydro producing firms engage in dynamic Bertrand competition. We extend this model to...

This paper is based on observations that competing retailers have the option of either agreeing in advance to transship excess inventory to each other or seeing unsatisfied customers switch to the competitor for a substitute. A transshipment game and a substitution game between competing retailers is studied. After establishing the existence and uniqueness of a pure-strategy Nash Equilibrium in...

We consider capacity management games between airlines who transport passengers over a joint airline network. Passengers are likely to purchase alternative tickets of the same class from competing airlines if they do not get tickets from their preferred airlines. We propose a Nash and a generalized Nash game model to address the competitive network revenue management problem. These two models a...