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Strategic Consumption Complementarities: Can Price Flexibility Eliminate Inefficiencies and Instability?
Randon, E; Simmons, P - Department of Economics and Related Studies, University … - 2008
Generally, two facts occur with strategic complementarities and fixed prices: i) the equilibria are multiple, and ii) if the complementarities are strong, the law of demand is violated and the equilibrium is unstable. In this paper, we analyse the effect of price flexibility on these features as...
Persistent link: https://www.econbiz.de/10005328436
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Efficient Allocations, Equilibria and Stability in Scarf's Economy
Randon, E; Simmons, P - Department of Economics and Related Studies, University … - 2008
Scarf's economy has been a vehicle in understanding stability properties in exchange economies. The full set of market …
Persistent link: https://www.econbiz.de/10005328537
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Are Non-Fundamental Equilibria Learnable in Models of Monetary Policy?.
Honkapohja, Seppo; Mitra, Kaushik - Department of Economics and Related Studies, University …
expectational stability as a robustness criterion for different equilibria. We derive the expectational stability and instability …
Persistent link: https://www.econbiz.de/10005695820
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Decentralized Market Processes to Stable Job Matchings with Competitive Salaries
Chen, Bo; Fujishige, Satoru; Yang, Zaifu - Department of Economics and Related Studies, University … - 2011
, leading to a stable matching between firms and workers with a scheme of competitive salary offers. An important implication of …
Persistent link: https://www.econbiz.de/10008788480
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Matching estimators of average treatment effects: a review applied to the evaluation of health care programmes
Moreno-Serra, Rodrigo - Department of Economics and Related Studies, University … - 2007
The general aim of this paper is to review how matching methods try to solve the evaluation problem – with a particular … focus on propensity score matching – and their usefulness for the particular case of health programme evaluation. The … “classical” case of matching estimation with a single discrete treatment is presented as a basis for discussing recent …
Persistent link: https://www.econbiz.de/10005328366
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Health shocks, employment and income in the Spanish labour markets
Gómez, Pilar García; Nicolás, Angel López - Department of Economics and Related Studies, University … - 2005
European Community Household Panel. In order to control for the nonexperimental nature of the data we use matching techniques …
Persistent link: https://www.econbiz.de/10005328387
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Labour and income effects of caregiving across Europe: an evaluation using matching techniques
Casado-Marín, David; García-Gómez, Pilar; … - Department of Economics and Related Studies, University … - 2008
This paper offers evidence on the effects of caregiving (i.e. looking after a dependent person within or outside the household) on labour outcomes such as employment, full time employment (conditional on employment), and income for women aged between 30 and 60 across different European...
Persistent link: https://www.econbiz.de/10005129593
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Average and quantile treatment effects of the American Folic Acid Fortification: an evaluation in a quasi-experimental framework
Fumagalli, Elena - Department of Economics and Related Studies, University … - 2012
treatment effect by using matching methods to solve the problem of selection on observables, finding a strong selection into …
Persistent link: https://www.econbiz.de/10010602600
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International Trade and Productivity: Does Destination Matter?
Shevtsova, Yevgeniya - Department of Economics and Related Studies, University … - 2012
The paper empirically assesses microeconomic exporting-productivity nexus using the data for Ukrainian manufacturing and service sectors for the years 2000-2005. The results of the estimation show that firms with higher total factor productivity (TFP) levels in the period prior to entry are much...
Persistent link: https://www.econbiz.de/10011133548
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The effect of unemployment on the mental health of spouses - Evidence from plant closures in Germany.
Marcus, Jan - Department of Economics and Related Studies, University … - 2012
-in-difference and matching based on entropy balancing to provide robustness against observable and time-invariant unobservable …
Persistent link: https://www.econbiz.de/10011133576