The Economics of the Apocalypse: Modelling the Biblical Book of Revelation

Article Abstract:

The book of Revelation in the Christian Bible can be seen in economic terms. The issue of participating in non-Christian religions is addressed in the apocalypse of John. The issue can be presented in terms of present and future benefits, with consumption of non-Christian religions involving present benefits, while non-consumption involves costs in the present, but future benefits. John uses visions of Revelation to affect the incentives of consumers, and increase their imagination capital, so that believers in Christianity choose to give up taking part in non-Christian religions.

History, Criticism and interpretation, Christianity, Apocalyptic literature, Revelation

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Two noncooperative equilibria for a collusive duopoly with a finite lifespan

Article Abstract:

Companies may move between competing in terms of price and output when there is enough flexibility in capacity. This goes against the assumption that companies do not move between the two strategic variables. Noncooperative equilibria may be asymmetric, in contrast to previous assumptions. This is shown when a trigger strategy used in an oligopoly is analysed, where the oligopoly is finite. Deviants have to balance the benefits of defection and thelong-term costs.

Analysis, Cartels, Duopolies

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Collusive aspects of cost revelation through antidumping complaints

Article Abstract:

The General Agreement on Tariffs and Trade (GATT) is used to investigate production costs and ascertain whether dumping has taken place. Companies do not know whether rivals face high or low costs and a complaint leads to sharing of infrmation on costs. High-cost companies can benefit from the procedure while low cost companies may face injury. This affects incentives to complain over possible dumping episodes and decisions to carry out dumping.

Dumping (International trade)

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