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Backward Unraveling over Time: The Evolution of Strategic Behavior in the Entry-Level British Medical Labor Markets

Unver, M. Utku - EconWPA - 1999

. As an interesting result, it is demonstrated that stability need not be required for the success of a matching mechanism …-makers learns to coordinate on the selection of an equilibrium or a social convention in a two-sided matching game. In the contexts …

Persistent link: https://www.econbiz.de/10005550908

A Solution to Matching with Preferences over Colleagues

Echenique, Federico - EconWPA - 2005

We study many-to-one matchings, such as the assignment of students to colleges, where the students have preferences over the other students who would attend the same college. It is well known that the core of this model may be empty, without strong assumptions on agents' preferences. We...

Persistent link: https://www.econbiz.de/10005118580

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

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

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

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

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

The Stability and Efficiency of Economic and Social Networks

Jackson, Matthew O. - EconWPA - 2002

This paper studies the formation of networks among individuals. The focus is on the compatibility of overall societal welfare with individual incentives to form and sever links. The paper reviews and synthesizes some previous results on the subject, and also provides new results on the existence...

Persistent link: https://www.econbiz.de/10005135109

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

THE DEMAND FOR NEW HOUSING IN TURKEY: AN APPLICATION OF ARDL MODEL

HALICIOGLU, Ferda - EconWPA - 2005

-run elasticities of income and price variables. This study also implements CUSUM and CUSUMSQ stability tests on the estimated new …

Persistent link: https://www.econbiz.de/10005556214