In the classic Crawford-Sobel (CS) model of strategic communication between an informed Sender and uninformed Receiver, perfect information transmission is never achieved as an equilibrium outcome. I present a modified version of the CS cheap talk game with the following two innovations: (i) both players take actions, and (ii) actions are strategic substitutes. In contrast to the CS setup, the ...

Policies to promote human capital formation have been advocated as a remedy for reducing the economy-wide problem of rising wage inequality. These policies are national in character and are designed to substantially alter the proportion of the work-force that is skilled. Yet the methods used to evaluate these policies are partial equilibrium in nature and do not take account of the consequences...

Decisions concerning environmental protection hinge on estimates of economic burden. Over the past 30 years, economists have developed and applied various tools to measure this burden. In this paper, developed as a chapter for the Handbook of Environmental Economics, we present a taxonomy of costs along with methods for measuring those costs. At the broadest level, we distinguish between partia...

We provide necessary and su¢ cient conditions on both players’ preferences and information that can be certi…ed for a Sender-Receiver game to possess a separating equilibrium, as well as su¢ cient conditions for every equilibrium of such a game to be separating. Accordingly, we generalize Seidmann and Winter’s [D.J. Seidmann, E. Winter, Strategic information transmission with veri…able messages...

Advances in theoretical and computable general equilibrium modeling brought their conceptual foundations in line with standard microeconomic constructs. This reduced the theoretical and empirical gap between welfare measurements using a partial or a general equilibrium approach. However, the separation of the partial and general equilibrium literatures lingers in many applications which this ma...

In this study, liquid-liquid extraction process in a Kuhni extraction column was modeled and simulated. A non-equilibrium dynamic model was developed for modeling liquid-liquid extraction processes based on a rate-based model. The model equations are inclusive of partial and ordinary differential equations which were discretized in column height direction. The population balance model was used ...

Finding a suitable estimation of stability domain around stable equilibrium points is an important issue in the study of nonlinear dynamical systems. This paper intends to apply a set of analytical-numerical methods to estimate the region of attraction for autonomous nonlinear systems. In mechanical and structural engineering, autonomous systems could be found in large deformation problems or c...

A computable general equilibrium (CGE) approach is used to assess the macroeconomic effects of global and regional catastrophic losses of pollination ecosystem services. Results show economic risks to both direct crop sectors and indirect non-crop sectors in the economy, with a substantial amount of regional heterogeneity. In addition, there exists potential for winners, those regions with a co...

Thermodynamic restrictions and simultaneous effects of operational conditions on the homogeneous rhodium-catalyzed carbonylation of methanol are studied in this line of research. It is shown that the general NRTL-Virial model can be appropriated to study thermodynamics of the carbonylation. It is obtained that the reaction is kinetically and thermodynamically reasonable at temperatures abov...

Calculation of excess quantities of ethylene glycol + water binary fluid systems at seven absolute temperatures (293.15 to 353.15) K from experimentally determined values of density and shear viscosity were presented in previous work. The examination of related functions beside the quality of correlation from several equations on these experimental values has also been reported. Considering...