There have been an increasing number of international collaboration agreements among universities, college, etc., to promote educative exchange programs, internationalization of teaching, research, and curricula, among other things. This paper has the aim to analyze and to reflect on the experiential exercise from the point of views of instructor and students attending University Center of Econ...

This paper presents assessments of the economic impacts of Free Trade Agreements (FTAs) relating to Japan. The analysis relies on a simulation with a computable equilibrium model. The impacts of various combination of FTAs are assessed to draw policy implicaitons. This paper first review the theoretical framework, together with the specification of the simulation model. Then, simulations on the...

A seemingly mild assumption of the standard alternating offers bargaining model under risk is that the breakdown event is not strictly worse than the worst agreement. When this assumption is relaxed the structure of the equilibrium set of agreements changes in an interesting way. We analyse the effect of disagreement on equilibrium, and relate our result to a class of outside option models. Jou...

Theoretical analyses of international environmental agreements (IEAs) have typically employed the concept of self-enforcing agreements to predict the number of parties to such an agreement. The term self-enforcing, however, is a bit misleading. The concept refers to the stability of cooperative agreements, not to enforcing these agreements once they are in place. Most analyses of IEAs simply ig...

We consider a market where there is an agency relationship between the providers of a service or agents and their clients. Agents can choose to work alone or to have a sharing agreement with other agents. Sharing agreements create value by facilitating better matches between clients and agents, but they worsen incentives because of free riding. We show that in the context of a one shot game, th...