This page offers the latest information about workshop series by WINPEC (Waseda Institute of Political Economy).
Macroeconomics
Jul. 25
2022
| Title |
Superpowers, Globalization and the World Order |
| Date |
July 25, 2022 (Monday) 10:40-12:10 |
| Location |
On campus and via Zoom |
| Abstract |
Motivated by the US-China competition we build a location model where a status quo power and an emerging power play a Stackelberg game of providing a club good at a location. The club good induces both production and consumption externalities. The production cost as well as the demand for the good depends on how many small countries are willing to join the club. By integrating non-cooperative and cooperative games played by heterogenous players into a unified framework we study how the influence of the superpowers changes the world order, i.e., the size and location of the clubs they form. We simulate the game to show how the United States and China have shaped the world order from 2006 to 2019. |
| Paper |
|
| Slide |
|
| Note |
|