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A Conic Algorithm for the Group Minimization Problem
Simeone, Bruno - 1976
A new algorithm for the group minimization problem (GP) is proposed. The algorithm can be broadly described as follows …-known algorithm of Glover, and checked for non-negativity. The first non-negative point is an optimal solution of (GP). Advantages and … disadvantages of the algorithm are discussed; in particular, the implementation of the algorithm (which can be easily extended so as …
Persistent link: https://www.econbiz.de/10012478970
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Parameter Learning in General Equilibrium : The Asset Pricing Implications
Collin-Dufresne, Pierre - 2013
Parameter learning strongly amplifies the impact of macro shocks on marginal utility when the representative agent has a preference for early resolution of uncertainty. This occurs as rational belief updating generates subjective long-run consumption risks. We consider general equilibrium models...
Persistent link: https://www.econbiz.de/10012458957
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Information Favoritism and Scoring Bias in Contests
Deng, Shanglyu; Fang, Hanming; Fu, Qiang; Wu, Zenan - National Bureau of Economic Research - 2023
Two potentially asymmetric players compete for a prize of common value, which is initially unknown, by exerting efforts. A designer has two instruments for contest design. First, she decides whether and how to disclose an informative signal of the prize value to players. Second, she sets the...
Persistent link: https://www.econbiz.de/10014247957
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Bargaining with Altruism
Pollak, Robert A. - National Bureau of Economic Research - 2022
Despite extensive use of bargaining models in economics and despite Becker's insistence on the importance of altruism in families, the theoretical literature on bargaining ignores altruism and assumes that everyone is an egoist. This paper shows that incorporating altruism into cooperative...
Persistent link: https://www.econbiz.de/10013388855
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Screening Adaptive Cartels
Ortner, Juan M.; Chassang, Sylvain; Kawai, Kei; … - National Bureau of Economic Research - 2022
We propose an equilibrium theory of data-driven antitrust oversight in which regulators launch investigations on the …
Persistent link: https://www.econbiz.de/10013334437
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Collaboration Between and Within Groups
Iaryczower, Matiás; Oliveros, Santiago; Parihar, Parth - National Bureau of Economic Research - 2022
We study the ability of multi-group teams to undertake binary projects in a decentralized environment. The equilibrium outcomes of our model display familiar features in collaborative settings, including inefficient gradualism, inaction, and contribution cycles, wherein groups alternate taking...
Persistent link: https://www.econbiz.de/10013462704
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Everybody's Talkin' at Me : Levels of Majority Language Acquisition by Minority Language Speakers
Brock, William A.; Chen, Bo; Durlauf, Steven N.; Weber, … - National Bureau of Economic Research - 2022
Immigrants in economies with a dominant native language exhibit substantial heterogeneities in language acquisition of the majority language. We model partial equilibrium language acquisition as an equilibrium phenomenon. We consider an environment where heterogeneous agents from various...
Persistent link: https://www.econbiz.de/10013362063
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Putting Quantitative Models to the Test : An Application to Trump's Trade War
Adão, Rodrigo; Costinot, Arnaud; Donaldson, Dave - National Bureau of Economic Research - 2023
The primary motivation behind quantitative modeling in international trade and many other fields is to shed light on the economic consequences of policy changes. To help assess and potentially strengthen the credibility of such quantitative predictions we introduce an IV-based goodness-of-fit...
Persistent link: https://www.econbiz.de/10014322709
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On the Theory of Ethnic Conflict
Caselli, Francesco - 2006
We present a theory of ethnic conflict in which coalitions formed along ethnic lines compete for the economy …
Persistent link: https://www.econbiz.de/10012466544
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The International Transmission of Credit Bubbles : Theory and Policy
Ventura, Jaume - 2015
propagated abroad. In previous work, we built on the theory of rational bubbles to develop a framework to think about the origins …
Persistent link: https://www.econbiz.de/10012457733