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Unemployment, wages and collective bargaining in the European Union

Hein, Eckhard; Schulten, Thorsten - EconWPA - 2004

The paper questions the predominant view on unemployment and wages in the European Un-ion according to which high … unemployment is primarily caused by labour market rigidities, i.e. social institutions and regulations which prevent “market … decades, no strictly inverse relationship between real wage growth and unemployment can be found. On the contrary …

Persistent link: https://www.econbiz.de/10005076845

Some Notes on Learning in Games with Strategic Complementarities

Berger, Ulrich - EconWPA - 2004

Fictitious play is the classical myopic learning process, and games with strategic complementarities are an important class of games including many economic applications. Knowledge about convergence properties of fictitious play in this class of games is scarce, however. Beyond dominance...

Persistent link: https://www.econbiz.de/10005407536

Brown's Original Fictitious Play

Berger, Ulrich - EconWPA - 2005

What modern game theorists describe as 'fictitious play' is not the learning process George W. Brown defined in his 1951 paper. His original version differs in a subtle detail, namely the order of belief updating. In this note we revive Brown's original fictitious play process and demonstrate...

Persistent link: https://www.econbiz.de/10005062395

Two More Classes of Games with the Fictitious Play Property

Berger, Ulrich - EconWPA - 2004

Fictitious play is the oldest and most studied learning process for games. Since the already classical result for zero-sum games, convergence of beliefs to the set of Nash equilibria has been established for some important classes of games, including weighted potential games, supermodular games...

Persistent link: https://www.econbiz.de/10005550859

Fictitious play in 2xn games

Berger, Ulrich - EconWPA - 2003

It is known that every continuous time fictitious play process approaches equilibrium in every nondegenerate 2x2 and 2x3 game, and it has been conjectured that convergence to equilibrium holds generally for 2xn games. We give a simple geometric proof of this.

Persistent link: https://www.econbiz.de/10005550959

The Added Worker Effect and Intrahousehold Aspects of Unemployment

Serneels, Pieter - EconWPA - 2004

The added worker effect states that unemployment of a household member leads to an increase in labour supply of another … have more entitlements, waiting in unemployment for a good job is not one of them. We carry out two separate analyses to … no added worker effect. This suggests that households have other ways to cope with unemployment and is consistent with …

Persistent link: https://www.econbiz.de/10005407638

New Trade Theory Takes Over Monetary Theory

Gani, M - EconWPA - 2004

Prevailing trade theory is a neglected stepchild of economics. Micro rejects the sole reason for trade’s occurrence. It declares zero profit in equilibrium. Monetary theory and macroeconomics dismiss concerns of trade financing. They assert that money has nothing to do with traded output, but...

Persistent link: https://www.econbiz.de/10005408069

Human Capital and Unemployment in Transition Economies: The Case of Kosova

Hoti, Avdullah - EconWPA - 2004

In this paper we explore the issues of human capita in Kosova, a country which is characterised by high unemployment …

Persistent link: https://www.econbiz.de/10005408345

The Impact of a Unionised Labour Market in a Schumpeterian Growth Model

Lingens, Jörg - EconWPA - 2002

relationship between unemployment and growth. We distinguish low-skilled and high-skilled labour and assume that a union bargains … over the low-skilled labour wage. This causes unemployment, but the growth e ect is ambiguous. On the one hand the higher …

Persistent link: https://www.econbiz.de/10005408356

Bank loans, start-up subsidies and the survival of the new firms: an econometric analysis at the entrepreneur level

Bruno, CREPON; Emmanuel, DUGUET - EconWPA - 2004

We evaluate the impact of bank loans and start-up subsidies on the survival of the new firms. This work relies on the SINE94 survey that provides rich information on the entrepreneurs and their start-up projects. We use the propensity score matching methodology, in the case of multiple...

Persistent link: https://www.econbiz.de/10005408373