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From Numerical Considerations to Theoretical Solutions: Rational Design of a Debtor Creditor Agreement

Author

Listed:
  • Langlois Catherine

    (McDonough School of Business, Georgetown University, 37th and O Streets NW, Washington, DC 20057, United States of America)

  • Langlois Jean-Pierre

    (Department of Mathematics, San Francisco State University, 1600 Holloway Avenue, San Francisco, CA 94132, United States of America)

Abstract

This paper illustrates how the rational design of an international agreement can be investigated using software and numerical solutions as preliminary steps to a formal modelling of the agreement. The paper examines the repetition of a Called Bluff game interpreted as representing the stylized incentives of a debtor-creditor relationship.

Suggested Citation

  • Langlois Catherine & Langlois Jean-Pierre, 2016. "From Numerical Considerations to Theoretical Solutions: Rational Design of a Debtor Creditor Agreement," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 22(4), pages 403-412, December.
    • Handle: RePEc:bpj:pepspp:v:22:y:2016:i:4:p:403-412:n:2
    DOI: 10.1515/peps-2016-0023
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