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Optimal Health and Environmental Policies in a Pollution-Growth Nexus
Wang, Min; Zhao, Jinhua; Bhattacharya, Joydeep - Department of Economics, Iowa State University - 2013
saving generates more capital while capital use by firms generates more pollution. Along the transition, sucha pollution …
Persistent link: https://www.econbiz.de/10011163361
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A Contribution to the Economic Theory of Fertility
Cordoba, Juan Carlos; Ripoll, Marla - Department of Economics, Iowa State University - 2011
The evidence strongly suggests a robust negative relationship between income and fertility, and a positive relationship between income and longevity. This is puzzling for standard dynamic models. For instance, altruistic models that use the most standard preferences in macro --time separable...
Persistent link: https://www.econbiz.de/10009142473
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Dynamic Efficiency in the Two-Sector Overlapping Generations Model
Cremers, Emily - Department of Economics, Iowa State University - 2006
This paper examines dynamic efficiency in the context of a two-sector overlappinggenerations model. First, conditions for dynamic efficiency in a centrally planned economy arederived. Then, in a competitive environment, the implications of dynamic (in)efficiency for thesteady state relative...
Persistent link: https://www.econbiz.de/10010616495
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Dynamic Investment, Risk Aversion, and Foresight Sensitivity
Tesfatsion, Leigh S. - Department of Economics, Iowa State University - 1981
resulting from the use of limited foresight horizons. Finally, results are reported for computer experiments conducted to …
Persistent link: https://www.econbiz.de/10004997753
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Agent-Based Modeling: The Right Mathematics for the Social Sciences?
Borrill, Paul L.; Tesfatsion, Leigh - Department of Economics, Iowa State University - 2010
science researchers are discussed along with the culture-dish nature of their computer experiments. The applicability of ABM …
Persistent link: https://www.econbiz.de/10008460848
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Patience Cycles
Barnett, Richard C.; Bhattacharya, Joydeep; Puhakka, Mikko - Department of Economics, Iowa State University - 2009
selÂ…sh reasons, invest resources to raise patient chil-dren. In the model, patience raises the marginal return to human … progenyÂ’s patience.This dynamic generates intergenerational patience cycles. …
Persistent link: https://www.econbiz.de/10004979920
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Macroeconomies as Constructively Rational Games
Sinitskaya, Ekaterina; Tesfatsion, Leigh - Department of Economics, Iowa State University - 2014
reinforcement learning to sophisticated adaptive dynamic programming algorithms.  We then use computational experiments to explore …
Persistent link: https://www.econbiz.de/10011070803
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A Dynamic Efficiency Rationale for Public Investment in the Health of the Young
Andersen, Torben M; Bhattacharya, Joydeep - Department of Economics, Iowa State University - 2013
In this paper, we assume away standard distributional and static-efficiency arguments for public health, and instead, seek a dynamic efficiency rationale. We study a lifecycle model wherein young agents make health investments to reduce mortality risk. We identify a welfare rationale for public...
Persistent link: https://www.econbiz.de/10011185654
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Choosing to Keep Up with the Joneses and Income Inequality
Barnett, Richard C.; Bhattacharya, Joydeep; Bunzel, Helle - Department of Economics, Iowa State University - 2008
both about consumption and leisure and receive an utility premium if their consumption exceeds that of the Joneses'. Unlike …
Persistent link: https://www.econbiz.de/10004966381
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Concentration, Capacity, and Market Power in an Evolutionary Labor Market
Tesfatsion, Leigh - Department of Economics, Iowa State University - 2000
Abstract not available
Persistent link: https://www.econbiz.de/10008500475