Showing 1 - 10 of 33
We examine the implications of an income redistribution from men to women for the welfare ofmothers and their children. We develop a Cournot model of a two-person household whereagents provide market labor and allocate their spending between a private consumption good andgoods for children. We...
Persistent link: https://www.econbiz.de/10005869221
We suggest an alternative way of analyzing the canonical Bergstrom-Blume-Varian model of non-cooperative voluntary contributions to a public goodthat avoids the proliferation of dimensions as the number of players is in-creased. We exploit this approach to analyze models in which the...
Persistent link: https://www.econbiz.de/10005868656
We examine a Stackelberg game where a financially constrainedleader faces competition from a ‘deep pocket’ follower. We analyzethe consequences of this trade-off between a financial and a strategicadvantage for both the design of financial contracts and market structure.We derive conditions...
Persistent link: https://www.econbiz.de/10005868761
We study aggregative games in which players’ strategy sets areconvex intervals of the real line and (not necessarily differentiable)payoffs depend only on a player’s own strategy and the sum of allplayers’ strategies. We give sufficient conditions on each player’s payofffunction to...
Persistent link: https://www.econbiz.de/10005868768
The paper compares two models of evolution in symmetric twoplayergames with incomplete information. One model postulates thatthe type of a player is fixed, and evolution works within types. Inthe other model type-contingent strategies evolve. In the case of twotypes and two strategies it is...
Persistent link: https://www.econbiz.de/10005868794
The paper shows that there is a close connection between (constant)consistent conjectures in a given game and evolutionary stabilityof conjectures. Evolutionarily stable conjectures are consistent andconsistent conjectures are the only interior candidates for evolutionarystability...
Persistent link: https://www.econbiz.de/10005868802
This paper examines the interactions between Foreign Direct Investment (FDI), inequality, and growth, both from a theoretical and an empirical point of view. We set up a growth model of a dual economy in which the traditional (agricultural) sector uses a diminishing returns technology, while FDI...
Persistent link: https://www.econbiz.de/10005868808
We present the asymptotic properties of double-stage quantile regressionestimators with random regressors, where the first stage is based on quantile regressionswith the same quantile as in the second stage, which ensures robustness of the estimationprocedure. We derive invariance properties...
Persistent link: https://www.econbiz.de/10005868899
This paper examines the validity of alternative assumptions aboutpublic enterprise strategies in the presence of both domestic and internationalcompetition. It extends the quantity-setting game to apreplay stage and endogenizes the firms’ order of moves to show thati) Cournot competition is...
Persistent link: https://www.econbiz.de/10005868901
The Hodrick-Prescott …lter is often applied to economic series as part of thestudy of business cycles. Its properties have most frequently been exploredthrough the development of essentially asymptotic results which are practicallyrelevant only some distance from series endpoints. Our concern...
Persistent link: https://www.econbiz.de/10005868904