Showing 1 - 10 of 42
Persistent link: https://www.econbiz.de/10001453047
We study the stability of voluntary cooperation in response to varying group growth rates. Using a laboratory public-good game, we construct a situation where increasing group size yields potential efficiency gains, but only with sustained cooperation. We then study the effect of exogenously...
Persistent link: https://www.econbiz.de/10010316831
Alchian and Demsetz’s (1972) influential explanation of the classical business firm argues that there is need for a concentrated residual claim in the hands of a central agent, to motivate the monitoring of workers. We model monitoring as a way to transform team production from a collective...
Persistent link: https://www.econbiz.de/10010318992
While there is an extensive literature on the theory of in finitely repeated games, empirical evidence on how “the shadow of the future” affects behavior is scarce and inconclusive. We simulate in finitely repeated prisoner’s dilemma games in the lab by having a random continuation rule....
Persistent link: https://www.econbiz.de/10010318999
reasoning. If arbitrage was indeed the cause of mean reversion, one would expect to see a quantity respose of trade flows at the … significant evidence of trade flows changing at the points of mean reversion. Alternative explanations of mean reversion, notably …
Persistent link: https://www.econbiz.de/10013369946
This paper analyses the proposed free trade agreement (FTA) between EU and India focusing on services trade. Based on … agreement and next predict the impact on services trade flows using a general equilibrium structural gravity analysis. I find …'s trade with the rest of the world would not change much, while India's exports to the rest of the world would decline by …
Persistent link: https://www.econbiz.de/10014331157
international trade and automation technologies, suggests that both forces contributed in roughly equal parts to this development. …
Persistent link: https://www.econbiz.de/10014517411
This paper shows how to combine microeconometric evidence on the effects of environmental policy with a macroeconomic model, accounting for general equilibrium spillovers that have mostly been ignored in the literature. To this end, we study the effects of a recent US air pollution policy. We...
Persistent link: https://www.econbiz.de/10014577341
While most countries have harmonized intellectual property rights (IPR) legislation, the dispute about the optimal level of IPR-enforcement remains. This paper develops an endogenous growth framework with two open economies satisfying the classical North-South assumptions to study (a)...
Persistent link: https://www.econbiz.de/10010305986
This paper investigates economic and political determinants of protection across the secondary (manufacturing) sector. Economic factors can be summarized by the infant industry argument and we expect industries which are relatively efficient compared to the rest-of-the-world to have low levels...
Persistent link: https://www.econbiz.de/10010334289