This paper studies an international tax policy design problem by employing a two-country dynamic general equilibrium model with incomplete asset markets. We investigate the possibility of welfareimproving active tax policies, in particular capital and labor income tax, under the non-cooperative Nash equilibrium and the cooperative equilibrium. Unlike the conventional wisdom regarding stabilizat...

The conventional accreditation policy of Taiwanese hospitals involves helping promote and executing national healthcare quality policies, certifying healthcare quality, supervising the management of health care organizations, pursuing a harmonious relationship between care providers and patients, and enhancing national healthcare quality. However, the quality indicators in use by Department of ...

In a spatial common agency model, two asymmetric interest groups (principals) in‡uence a unique decision-maker (agent). The decision-maker chooses a onedimensional policy on behalf of those principals and has private information about his ideology after contracting with principals. The policy is always e¢ cient and re‡ects a weighted average between the principals’ and the agent’s ideal points....

We will consider a sequential stochastic assignment problem where the number of jobs is not known beforehand. Unlike the well known sequential stochastic assignment problem, since the number of jobs is unknown, a policy of the decision-maker depends not only on the size of each job, but also on information about the number of remaining jobs. The optimal policy and the total expected reward unde...

Increasingly, policy makers in both private and public sectors mandate information security standards upon organizations in order to protect both organizational and individual digital assets. One major issue in security standardization is that standards often cannot cover all possible security efforts by organizations because some efforts are unverifiable by nature. This paper analytically stud...

This paper studies the optimal resource allocation in time-reservation systems. Customers arrive at a service facility and receive service in two steps; in the first step information is gathered from the customer, which is then sent to a pool of computing resources, and in the second step the information is processed after which the customer leaves the system. A central decision maker has to de...

Decision-making problems in engineering, business, management, and economics that involve two or more decision-makers with competing objectives are often optimized using the theory of games. This theory, initially developed by Von Neumann and Morgenstern, and later by Nash, requires that each point in the decision space be mapped, through a payoff function, into a real number representing the v...

This paper considers an economy with a public good where a decision must be made both about the level of the public good and the taxation imposed on each citizen (multi-dimensional policy space). In this context, we derive two results: i) we show that a Nash equilibrium exists under deterministic voting, ii) we show that political competition is a necessary but not sufficient condition for the ...

We present a model of multi-party, “spatial” competition under proportional rule with both electoral and coalitional risk. Each party consists of a set of delegates with heterogeneous policy preferences. These delegates choose one delegate as leader or agent. This agent announces the policy declaration (or manifesto) to the electorate prior to the election. The choice of the agent by each party...