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Low sex ratios are often equated with unfavorable marriage prospects for women, but in France after World War 1, the … marriage probability of single females rose 50%, despite a massive drop in the male/female ratio. We conjecture that the war …-time birth-rate bust induced an abnormal postwar abundance of singles with relatively high marriage propensities. We compute the …
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"This paper develops a two-country OLG model under the assumption that investors are on a Bayesian learning path. While investors from both countries receive identical information flows, domestic investors start off with less precise prior beliefs concerning foreign fundamentals. On a learning...
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We present a theory of targeted search, where people with a finite information processing capacity search for a match … resides in between the random matching and the directed search outcomes. The equilibrium that emerges from this middle ground … and the directed search literature as limiting cases. …
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"Price rigidity is the key mechanism for propagating business cycles in traditional Keynesian theory. Yet the New Keynesian literature has failed to show that sticky prices by themselves can effectively propagate business cycles in general equilibrium. We show that price rigidity in fact can (by...
Persistent link: https://www.econbiz.de/10002956723