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Business Cycles and Oligopoly Supergames : Some Empirical Evidence on Prices and Margins
Domowitz, Ian - 1986
There has been a significant interest on a theoretical level in the application of supergames to oligopoly behavior …
Persistent link: https://www.econbiz.de/10012477012
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Shaped by Booms and Busts : How the Economy Impacts CEO Careers and Management Styles
Schoar, Antoinette - 2011
We show that economic conditions when managers enter the labor market have long-run effects on their career paths and … managerial styles. Managers who began their careers during recessions become CEOs more quickly, but at smaller firms. They also … environment is important to the formation and selection of managers …
Persistent link: https://www.econbiz.de/10012461067
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A Supergame-Theoretic Model of Business Cycles and Price Wars During Booms
Rotemberg, Julio J. - 1984
the collusive outcome is often greater when demand is high. To moderate this temptation,the optimizing oligopoly reduces … support our theory. (J.E.L. Classification numbers:020, 130, 610) …
Persistent link: https://www.econbiz.de/10012477677
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Trading on Sunspots
Jovanovic, Boyan - 2014
In a model with multiple Pareto-ranked equilibria we add trade in assets that pay based on the realization of a sunspot. Asset trading restricts the equilibrium set in a way that raises welfare by eliminating equilibria with a high likelihood of disasters. When the probability of a disaster is...
Persistent link: https://www.econbiz.de/10012457853
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Business cycles : theory, history, indicators, and forecasting
Zarnowitz, Victor - 1992
Persistent link: https://www.econbiz.de/10000134802
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Business cycle indicators
Moore, Geoffrey H. (contributor) - 1961
Persistent link: https://www.econbiz.de/10000098643
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Tax Base Variability and Procyclical Fiscal Policy
Talvi, Ernesto - 2000
Based on a sample of 56 countries, we find that while fiscal policy in the G-7 countries appears to be broadly consistent with Barro's tax smoothing proposition, in developing countries government spending and taxes are highly procyclical (i.e., government spending rises and taxes fall during...
Persistent link: https://www.econbiz.de/10012471277
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The Cost of Recessions Revisited : A Reverse-Liquidationist View
Caballero, Ricardo J. - 1999
of theory and empirical evidence on gross job flows and on financial and labor market rents, we find that, cumulatively …
Persistent link: https://www.econbiz.de/10012471429
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What Inventory Behavior Tells Us About Business Cycles
Bils, Mark - 1999
Manufacturers' finished goods inventories move less than shipments over the business cycle. We argue that this requires marginal cost to be more procyclical than is conventionally measured. We construct, for six manufacturing industries, alternative measures of marginal cost that attribute...
Persistent link: https://www.econbiz.de/10012471474
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Was Expansionary Monetary Policy Feasible During the Great Contraction? An Examination of the Gold Standard Constraint
Bordo, Michael D. - 1999
The recent consensus view, that the gold standard was the leading cause of the worldwide Great Depression 1929-33, stems from two propositions: (1) Under the gold standard, deflationary shocks were transmitted between countries and, (2) for most countries, continued adherence to gold prevented...
Persistent link: https://www.econbiz.de/10012471669