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International Trade, Factor Mobility and the Persistence of Cultural-Institutional Diversity

Belloc, Marianna; Bowles, Samuel - CESifo - 2009

Cultural and institutional differences among nations may result in differences in the ratios of marginal costs of goods in autarchy and thus be the basis of specialization and comparative advantage, as long as these differences are not eliminated by trade. We provide an evolutionary model of...

Persistent link: https://www.econbiz.de/10005013942

Imitation and the Evolution of Walrasian Behavior: Theoretically Fragile but Behaviorally Robust

Apesteguia, Jose; Huck, Steffen; Oechssler, Jörg; … - CESifo - 2008

A well-known result by Vega-Redondo (1997) implies that in symmetric Cournot oligopoly, imitation leads to the Walrasian outcome where price equals marginal cost. In this paper, we show that this result is not robust to the slightest asymmetry in fixed costs. Instead of obtaining the Walrasian...

Persistent link: https://www.econbiz.de/10005196312

Imitation - Theory and Experimental Evidence

Alpesteguia, Jose; Huck, Steffen; Oechssler, Jörg - CESifo - 2003

We introduce a generalized theoretical approach to study imitation models and subject themodels to rigorous experimental testing. In our theoretical analysis we find that the differentpredictions of previous imitation models are due to different informational assumptions, notto different...

Persistent link: https://www.econbiz.de/10005196313

Changing Identity: Retiring from Unemployment

Hetschko, Clemens; Knabe, Andreas; Schöb, Ronnie - CESifo - 2011

Using data from the German Socio-Economic Panel from 1984-2009, we follow persons from their working life into their retirement years and find that, on average, employed people maintain their life satisfaction upon retirement, while long-term unemployed people report a substantial increase in...

Persistent link: https://www.econbiz.de/10009224868

First Impressions Matter: Signalling as a Source of Policy Dynamics

Hansen, Stephen; McMahon, Michael - CESifo - 2012

data. The motivation for signalling is consistent with wanting to control inflation expectations, but not career concerns …

Persistent link: https://www.econbiz.de/10010540726

The Long-Run Evolution of Infrastructure Services

Goldsmith, Hugh - CESifo - 2014

This paper traces the 11,000 year evolution of infrastructure systems during major periods of innovation, expansion and diffusion. Throughout history, the key role of the State is self-evident. Private sector involvement has waxed and waned over millennia, although at times it has been pivotal...

Persistent link: https://www.econbiz.de/10011082831

Pareto Improvement through Unilateral Matching of Public Good Contributions: The Role of Commitment

Buchholz, Wolfgang; Cornes, Richard; Peters, Wolfgang; … - CESifo - 2014

When providing public goods through voluntary contributions, a donor may introduce unilateral matching in order to … reduce underprovision of the public good and thus inefficiency. By itself, however, matching benefits the donor but harms the …

Persistent link: https://www.econbiz.de/10010877815

Households, Markets and Public Choice

Gersbach, Hans; Haller, Hans - CESifo - 2014

favorable conditions for matching on the one hand, and for global collective decisions on the other hand. We establish …

Persistent link: https://www.econbiz.de/10010889986

Regional Equilibrium Unemployment Theory at the Age of the Internet

Lutgen, Vanessa; Linden, Bruno Van der - CESifo - 2015

This paper studies equilibrium unemployment in a two-region economy with matching frictions, where workers and jobs are …. Search-matching externalities are amplified by the latter possibility and by the fact that some workers can simultaneously … receive a job offer from each region. The rest of the framework builds upon Moretti (2011). Increasing the matching …

Persistent link: https://www.econbiz.de/10011272629

Wages, Rents, Unemployment, and the Quality of Life

Wrede, Matthias - CESifo - 2012

Combining a spatial equilibrium model with a matching unemployment model, this paper analyzes the regional quality of …

Persistent link: https://www.econbiz.de/10010546957