Showing 1 - 10 of 21
money and its interaction with monetary policy. Borrowing capacity, and ultimately consumption, is linked to the value of …
Persistent link: https://www.econbiz.de/10010851491
We study the contribution of money to business cycle fluctuations in the US, the UK, Japan, and the Euro area using a … contribution changes over time. Models giving money no role provide a distorted representation of the sources of cyclical …
Persistent link: https://www.econbiz.de/10010547149
There are two general ways in which the role of fiat money has been introduced in the standard monetary search … centralized institution that favors the use of fiat money through specific transaction policies. We carry out a similar exercise … conditions for which there exist equilibria with circulating fiat money and evaluate the main differences with the results …
Persistent link: https://www.econbiz.de/10010851435
We correct an omission in the definition of our domain of weakly responsive preferences introduced in Klaus and Klijn (2005) or KK05 for short. The proof of the existence of stable matchings (KK05, Theorem 3.3) and a maximal domain result (KK05, Theorem 3.5) are adjusted accordingly.
Persistent link: https://www.econbiz.de/10010851319
We prove a “General Manipulability Theorem” for general one-to-one two-sided matching markets with money. This theorem …
Persistent link: https://www.econbiz.de/10010851337
decisions of partnered couples. We consider two separate matching paradigms for agents with heterogeneous abilities - one where … partners marry for money and the other where partners marry for romantic reasons orthogonal to productivity or debt. These … generate different investment incentives and therefore have a real impact on the market economy. While marrying for money …
Persistent link: https://www.econbiz.de/10010851358
We show that the full version of the so-called "rural hospital theorem" generalizes to many-to-many matching problems …
Persistent link: https://www.econbiz.de/10010851401
We give a simple and concise proof that so-called generalized median stable matchings are well-defined for college admissions problems. Furthermore, we discuss the fairness properties of median stable matchings and conclude with two illustrative examples of college admissions markets, the...
Persistent link: https://www.econbiz.de/10010851408
We observe that three salient solutions to matching, division and house allocation problems are not only (partially …
Persistent link: https://www.econbiz.de/10010851415
A multiple-partners assignment game with heterogeneous sells and multi-unit demands consists of a set of sellers that own a given number of indivisible units of (potentially many different) goods and a set of buyers who value those units and want to buy at most an exogenously fixed number of...
Persistent link: https://www.econbiz.de/10010851453