About Per SE

Commentary and research on current events and public policy by economists from the University of the Philippines
Author archive for Romeo T Balanquit

Letter to the Board of Regents on the age requirement for the UP Presidency

There is nothing in the law, the Charter, the Code, or the University's cherished traditions to suggest that advanced age must be a factor in the administration of the University's affairs.

Procurement Auctions with Interdependent Values and Affiliated Signals

Procurement auctions that assume independent private values (IPV) provide a benchmark for analysis that is readily demonstrated but often unrealistic.

Common Belief Revisited

This study presents how selection of equilibrium in a game with many equilibria can be made possible when the common knowledge assumption (CKA) is replaced by the notion of common belief.

Threshold Bank-run Equilibrium in Dynamic Games

This study sets a bank-run equilibrium analysis in a dynamic and incomplete information environment where agents can reconsider attempts to run on the bank over time.

A blow to UP’s honor

We deplore in the strongest terms the violence perpetrated last Wednesday, September 17, by a group of protesters against Secretary Florencio B. Abad outside the U.P. School of Economics auditorium.

Stable commitment in an intertemporal collusive trade

In intertemporal collusive trade each oligopolist, apart from regularly producing the normal cooperative output, is allowed in a systematic way to earn higher than the rest at some stages of the game. This admits subgame-perfection and is shown under some conditions to be Pareto-superior to the typical cooperative outcome.