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The Role and Evolution of Central Authorities

Frijters, Paul; Tieman, Alexander F. - EconWPA - 1999

In this paper we argue that authorities aid cooperation by means of direct coordination or the enforcement of pre-commitment devices such as contract laws.Credible threats of violence allow this role. In a local interaction model, an authority forms if mutually connected individuals with...

Persistent link: https://www.econbiz.de/10005412451

Externalities of the Microsoft^Rs Network Goods

Leitão, João; Osório, Carlos - EconWPA - 2002

This paper aims to make a public statement about the strategy implemented by Microsoft in order to reinforce its market power across the networked users of Windows Operative System, and Xbox Games Console. It is presented an economic view that supports the anticipating (not predatory) position...

Persistent link: https://www.econbiz.de/10005412955

A Note on Funaki and Yamato's Tragedy of the Commons

Kóczy, László Á. - EconWPA - 2002

In the model of Funaki and Yamato (1999) the tragedy of the commons can be avoided with pessimistic players, while this does not hold for optimistic players. We propose a new core concept to overcome this puzzle and provide numerical simulations of simple games where the conclusions coincide or...

Persistent link: https://www.econbiz.de/10005550950

Intelligence, Human Capital, and Economic Growth: A Bayesian Averaging of Classical Estimates (BACE) Approach

Jones, Garett; Schneider, W. Joel - EconWPA - 2005

Human capital plays an important role in the theory of economic growth, but it has been difficult to measure this abstract concept. We survey the psychological literature on cross-cultural IQ tests, and conclude that modern intelligence tests are well-suited for measuring an important form of a...

Persistent link: https://www.econbiz.de/10005407739

Returns to Education, Child Labor, & Schooling in India

Chamarbagwala, Rubiana - EconWPA - 2004

scarce, parental investments in their children's education may not be driven entirely by poverty and credit constraints. We … offer evidence that children's participation in child labor and schooling responds to economic returns to education in India …, which suggests implementing policies that raise the economic benefits of education - such as creating more high-skilled jobs …

Persistent link: https://www.econbiz.de/10005556051

The Impact of Education on Economic Growth in Guatemala: A Time- Series Analysis Applying an Error-Correction Methodology

Loening, Ludger J. - EconWPA - 2002

This paper investigates the impact of human capital on economic growth in Guatemala through the application of an error-correction methodology. Two channels are analyzed, by which human capital is expected to influence growth. A better-educated labor force appears to have a positive and...

Persistent link: https://www.econbiz.de/10005119126

Moving costs, security of tenure and eviction

Anas, Alex; Arnott, Richard - EconWPA - 2004

We contrast equilibrium and welfare analysis in the rental housing market under two property rights regimes – eviction rights and security of tenure – when tenants face moving costs. A tenant’s idiosyncratic benefit from his unit and a landlord’s idiosyncratic profit from conversion are...

Persistent link: https://www.econbiz.de/10005124886

Two-sided altruism, Lindahl Equilibrium, and Pareto Optimality in Overlapping Generations Models

Raut, Lakshmi K. - EconWPA - 1996

The paper extends the Samuelsonian overlapping generations framework to encompass a variety of altruistic preferences, recasting it into a Lindahl equilibrium framework. It has been shown that altruism towards parents provides an alternative answer to the basic question of capital theory as to...

Persistent link: https://www.econbiz.de/10005125689

Contracting with Externalities

Segal, Ilya - EconWPA - 1998

contract offers, the arising inefficiency is due entirely to the externalities imposed on non-signers. In contrast, when the … principal's offers are privately observed, the distortion is due to the externalities given agents' equilibrium trades …. Comparison of the two externalities determines the relative efficiency of the two contracting regimes. In both cases, we show …

Persistent link: https://www.econbiz.de/10005125878

CIRCULAR VARIABLE WORK IN PROCESS

Vildosola, Luis - EconWPA - 2002

This work is focused on identifying a circular pull production control system (PPCS) and make emphasis on the presence of a stability attribute. It is an introductory paper to an extended study of macroeconomic financial stability in a physically open but systemic closed system. Previous work...

Persistent link: https://www.econbiz.de/10005126234

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