Pedro Daniel Jara-Moroni

Pedro Daniel Jara-Moroni
University of Santiago Chile | USACH · Departamento de Economía

PhD

About

12
Publications
572
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136
Citations
Additional affiliations
August 2009 - present
University of Santiago Chile
Position
  • Professor (Associate)

Publications

Publications (12)
Article
Full-text available
We examine the physical and mental health effects of providing care to an elderly mother on the adult child caregiver. We address the endogeneity of the selection in and out of caregiving using an instrumental variable approach, and carefully control for baseline health and work status of the adult child using fixed effects and Arellano-Bond estima...
Article
We study global games with strategic substitutes. Specifically, for a class of binary‐action, N‐player games with strategic substitutes, we prove that under payoff asymmetry, as incomplete information vanishes, the global games approach selects a unique equilibrium. We characterize this equilibrium profile; players employ switching strategies at di...
Article
We show that in large games with a finite set of actions in which the payoff of a player depends only on her own action and on an aggregate value that we call the (aggregate) state of the game, which is obtained from the complete action profile, it is possible to define and characterize the sets of (Point-)Rationalizable States in terms of pure and...
Article
We propose an Integrated Stochastic Equilibrium model that considers both private automobile traffic and transit networks to incorporate the interactions between these two modes in terms of travel time and generalized costs. In addition, in the general version of the model, travelers are allowed to switch from personal vehicles to mass transit at s...
Article
Global games emerged as an approach to equilibrium selection. For a general setting with supermodular payoffs, unique selection of equilibrium has been obtained through iterative elimination of strictly dominated strategies. For the case of global games with strategic substitutes, uniqueness of equilibrium has not been proved by iterative eliminati...
Article
We present a transit equilibrium model in which boarding decisions are stochastic. The model incorporates congestion, reflected in higher waiting times at bus stops and increasing in-vehicle travel time. The stochastic behavior of passengers is introduced through a probability for passengers to choose boarding a specific bus of a certain service. T...
Article
Full-text available
We consider an economic model that features (1) a continuum of agents and (2) an aggregate state of the world over which agents have an infinitesimal influence. We first review the connections between the “eductive” viewpoint on expectational stability and standard game-theoretical rationalizability concepts. The “eductive” reasoning selects diffe...
Article
Full-text available
We introduce adaptive learning behavior into a general-equilibrium life-cycle economy with capital accumulation. Agents form forecasts of the rate of return to capital assets using least-squares autoregressions on past data. We show that, in contrast to the perfect-foresight dynamics, the dynamical system under learning possesses equilibria that ar...
Article
In a homogeneous product duopoly with concave revenue and convex costs we study a two stage game in which, first, firms engage simultaneously in capacity (production) and, after production levels are made public, there is sequential price competition in the second stage. Randomizing the order of play in the price subgame, we can find: (i) that the...
Article
We introduce adaptive learning behavior into a general-equilibrium life-cycle economy with capital accumulation. Agents form forecasts of the rate of return to capital assets using least-squares autoregressions on past data. We show that, in contrast to the perfect-foresight dynamics, the dynamical system under learning possesses equilibria that ar...
Article
Full-text available
There is a growing literature that aims at endogenizing the first mover in oligopoly models. Some of these articles have shown that, when market competition is in quantities, the most effi-cient firm –i.e. the one with smallest marginal cost– will endogenously emerge as a Stackelberg leader. In this paper we show that if firms know that market lead...

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