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The Stability and Efficiency of Economic and Social Networks
Jackson, Matthew O. - EconWPA - 2002
stable and efficient networks in a variety of contexts and under several definitions of efficiency. …
Persistent link: https://www.econbiz.de/10005135109
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Search, Mismatch and Unemployment
Blázquez, Maite; Jansen, Marcel - EconWPA - 2005
Persistent link: https://www.econbiz.de/10005125814
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Judgment aggregation by quota rules
Dietrich, Franz; List, Christian - EconWPA - 2005
It is known that majority voting among several individuals on logically interconnected propositions may generate irrational collective judgments. We generalize majority voting by considering quota rules, which accept each proposition if and only if the number of individuals accepting it exceeds...
Persistent link: https://www.econbiz.de/10005408431
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Strategy-proof judgment aggregation
Dietrich, Franz; List, Christian - EconWPA - 2004
In the theory of judgment aggregation on connected propositions, an important question remains open: Which aggregation rules are manipulable and which are strategy-proof? We define manipulability and strategy- proofness in judgment aggregation, characterize all strategy-proof aggregation rules,...
Persistent link: https://www.econbiz.de/10005561002
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Human potential: How knowledge can be measured
Kreft, Hans-Diedrich - EconWPA - 2004
the relation-ships between growth in turnover, stability and effectivity are shown. In conclusion a number of …
Persistent link: https://www.econbiz.de/10005125669
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The inflation-productivity trade-off revisited
Bitros, George C.; Panas, Epameinondas E. - EconWPA - 2005
growth and inflation to the specification of the estimating model; second, to test the stability of their relationship in the … cost function, and run the appropriate stability and causality tests. …
Persistent link: https://www.econbiz.de/10005126201
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A COINTEGRATION AND ERROR CORRECTION APPROACH TO DEMAND FOR MONEY IN FIJI: 1971-2002
Rao, B Bhaskara; Singh, Rup - EconWPA - 2005
Demand for money is an important macroeconomic relationship. Its stability has implications for the choice of monetary … policy targets. This paper estimates demand for narrow money in Fiji and evaluates its robustness and stability. It is found …
Persistent link: https://www.econbiz.de/10005126361
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Keynes’ Metaphor of the Newspaper Competition: A Model
Sanyal, Amal - EconWPA - 2005
Keynes’ General Theory provides an interesting metaphor for asset markets: they are like newspaper competitions where contestants have to pick up the six prettiest faces from a hundred photographs, and the prize would go to one whose choice is closest to the average preferences. Keynes did not...
Persistent link: https://www.econbiz.de/10005126429
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Movement of equilibrium of Cournot duopoly and the visualization of bifurcations of its adjustment dynamics
Sonis, Michael; Dridi, Chokri - EconWPA - 2004
This paper deals with the analytical and graphical representation of the bifurcations appearing from the adjustment dynamics of a 2- player Cournot duopoly, proposed by Puu (1997). We establish admissibility conditions on the initial state of the adjustment dynamics and visualize the dynamics in...
Persistent link: https://www.econbiz.de/10005135005
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Dynamic Stability and Reform of Political Institutions
Lagunoff, Roger - EconWPA - 2005
Perfect equilibria of dynamic political games. The present paper examines issues of stability and reform when such equilibria … exist. Which environments tend toward institutional stability? Which tend toward reform? We show that when political rules … decisions alone. More generally, we identify sufficient conditions for stability and reform in terms of recursive self selection …
Persistent link: https://www.econbiz.de/10005062355