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This paper shows that price rigidity evolves in an economy populated by imperfectly rational agents who experiment with alternative rules of thumb. In the model, firms must set their prices in face of aggregate demand shocks. Their payoff depends on the level of aggregate demand, as well as on...
Persistent link: https://www.econbiz.de/10011409938
This paper analyses the welfare effects of price restrictions on private contracting in a world where agents have a …
Persistent link: https://www.econbiz.de/10011414080
Persistent link: https://www.econbiz.de/10013268877
Economists traditionally tackle normative problems by computing optimal policy, i.e. the one that maximizes a social welfare function. In practice, however, a succession of marginal changes to a limited number of policy instruments are implemented, until no further improvement is feasible. I...
Persistent link: https://www.econbiz.de/10011411222
climate policy takes the form of carbon emission taxation and fossil fuel and consumption goods are traded on world markets …
Persistent link: https://www.econbiz.de/10010428830
This paper studies the formation of self-enforcing global environmental agreements in a world economy with …
Persistent link: https://www.econbiz.de/10011281297
This paper studies the formation of self-enforcing global environmental agreements in a world economy with …
Persistent link: https://www.econbiz.de/10010462833
climate policy takes the form of carbon emission taxation and fossil fuel and consumption goods are traded on world markets …
Persistent link: https://www.econbiz.de/10010462841
Ansatz einer ökonomischen Theorie der Moral. Untersucht wird, wie die beiden Ansätze dem moralischen Anliegen vorarbeiten …, die internationale Versorgung mit Arzneimitteln zu verbessern, d.h. wie sie als Theorie dem praktischen Missstand … einer ökonomischen Theorie der Moral primär darin, dass in armen Ländern vielfach die institutionellen Voraussetzungen …
Persistent link: https://www.econbiz.de/10011757912
Millions of people in the developing world lack access to curative drugs. Thomas Pogge identifies the cause for this … countries hinder the poor from expressing their needs as actual demand on the market. From a theory point of view, the major …
Persistent link: https://www.econbiz.de/10011757929