How many sorting equilibria are there (generically)?

Andrei Gomberg

No 303, Working Papers from Centro de Investigacion Economica, ITAM

Abstract: It is shown that in a generic two-jurisdiction model of the type introduced by Caplin and Nalebuff (1997), the number of sorting equilibria (with jurisdictions providing distinct policies) is finite and even.

Pages: 10 pages
Date: 2003-04
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http://ftp.itam.mx/pub/academico/inves/gomberg/03-03.pdf First version, 2003 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:cie:wpaper:0303

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