The American Economic Review, Volume 89,Edições 1-2

American Economic Review analysis assume assumption asymptotic auction average bargaining behavior bid function bilateral capital classifier Common Value Auctions condition consumption contract cooperative cost dictator game distribution dynamic programming effects efficient equation estimated example external firms follows foreign formal sector GATT George Loewenstein given groups growth rate implies income increase industry informed bidders inputs investment Journal of Economic Kagel labor long-run measures ment multilateral enforcement naifs Nash equilibrium negotiations nomic outcome output paper payoff percent period politically optimal predicts present-biased preferences price-preference PROPOSITION reciprocity relative renegotiation rule Section self-control problems seller signal skill sophisticates strategy symmetric equilibrium tariff pair tariffs technology shocks terms of trade theory tion trade agreement trade policies University utility variables wage inequality war of attrition welfare winner's curse workers world price zero