Showing 1 - 10 of 77
? To study this question we construct a dynamic general equilibrium model of a small open economy in which a coalition of …
Persistent link: https://www.econbiz.de/10005504455
We explain the empirical puzzle why mergers reduce profits, and raise share prices. If being an 'insider' is better than being an 'outsider', firms may merge to preempt their partner merging with a rival. The stock-value is increased, since the risk of becoming an outsider is eliminated. We also...
Persistent link: https://www.econbiz.de/10005504698
International agreements to protect the global environment are typically difficult to reach. In principle they should be profitable for all players involved in the negotiation. Even when they are profitable, however, they are often unstable due to the incentive to free-ride (enjoying the clean...
Persistent link: https://www.econbiz.de/10005792083
In this Paper we focus on the different historical regime experiences of the core and the periphery. Using conventional … default in large part because of their extensive external debt obligations denominated in core country currencies. This left … century forbearers. To obtain access to foreign capital they may need a hard peg to the core country currencies, or else can …
Persistent link: https://www.econbiz.de/10005123652
We propose a new, easy-to-implement, class of payment rules, "Reference Rules," to make core-selecting package auctions …
Persistent link: https://www.econbiz.de/10008459772
finding, we describe a model of multi-trait matching and inheritance, in which individuals’ attractiveness in the marriage …
Persistent link: https://www.econbiz.de/10009320404
the elasticity of the matching function. …
Persistent link: https://www.econbiz.de/10008468515
This paper uses a new data set on domestic child adoption to document the preferences of potential adoptive parents over born and unborn babies relinquished for adoption by their birth mothers. We show that adoptive parents exhibit significant biases in favor of girls and against...
Persistent link: https://www.econbiz.de/10008468711
We investigate in this paper the theory and econometrics of optimal matchings with competing criteria. The surplus from … characteristics that the analyst does not observe. The social optimum must therefore trade off matching on incomes and matching on … set of feasible matchings and of the socially optimal matching. Then we show how data on the covariation of the types of …
Persistent link: https://www.econbiz.de/10008530351
A new methodology is described which tests between various equilibrium theories of unemployment using matching data … identify a matching process using data which is recorded monthly, and also shows how to identify different unemployment … employment agency data for the UK over the period 1985-99. Although the standard random matching approach provides a reasonably …
Persistent link: https://www.econbiz.de/10005123575