Vassar College Digital Library

Vassar Scholarship

Vassar Scholarship, the institutional repository formerly known as Digital Window, reflects the research and scholarly output of the Vassar College community.  It provides access to a variety of collections, including senior theses and projects across a wide range of disciplines.

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Vassar Scholarship

A classroom experiment on exchange rate determination with purchasing power parity

Publication Date
2007-February-01
Document Type
working paper
Authors
Mitchell, David
Rebelein, Robert P.
Schneider, Patricia
Simpson, Nicole B.
Fisher, Eric
Department or Program
Economics Department
Document Type
Working Paper
Abstract

We develop a classroom experiment on exchange rate determination appropriate for undergraduate courses in macroeconomics and international economics. Students represent citizens from different countries and need to obtain currency to purchase goods. By participating in a sealed bid auction to...

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Vassar Scholarship

Bargaining in the shadow of precedent: the surprising irrelevance of asymmetric stakes

Publication Date
2006-April-12
Document Type
working paper
Authors
Marco, Alan C.
Kieran J. Walsh
Department or Program
Economics Department
Document Type
Working Paper
Abstract

We develop a model of bargaining and litigation in the context of patent licensing (or any contractual setting). Following Priest and Klein (1984) we developed a model that explicitly allows for (1) multiple parties (leading to asymmetry of stakes), (2)...

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Vassar Scholarship

Convergence and growth amongst rich and poor

Publication Date
1992-March-01
Document Type
working paper
Authors
Chatterji, Monojit
Department or Program
Economics Department
Document Type
Working Paper
Abstract

This paper reexamines the Baumol-Wolff (1988) hypothesis that there exists an exclusive international Convergence Club of rich nations whose members will move nearer each other with the passage of time. We argue that the Baumol-Wolff analysis does not really justify...

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Vassar Scholarship

Credibility and credulity: how beliefs about beliefs affect entry incentives

Publication Date
2006-November-13
Document Type
working paper
Authors
Kieran J. Walsh
Marco, Alan C.
Department or Program
Economics Department
Document Type
Working Paper
Abstract

In this note we investigate the infringement (entry) decision for a firm facing an incumbent patent holder with uncertain patent rights. The entrant risks a dispute by entering, resulting in either a settlement (licensing) or litigation and trial. Using the...

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