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Do green growth and technological innovation matter to infrastructure investments in the era of climate change? : global evidence

Hai Hong Trinh; McCord, Michael; Lo, Daniel; Squires, Graham - In: Applied economics 55 (2023) 35, pp. 4108-4129

Persistent link: https://www.econbiz.de/10014299558

Efficiency with endogenous population growth. Do children have too many rights?

Pérez-Nievas, Mikel - In: Theoretical Economics 18 (2023) 4, pp. 1375-1406

Fertility rates are declining in many countries. But are fertility rates inefficiently low? This paper addresses this question by exploring the efficiency properties of equilibria in an overlapping generations setting with endogenous fertility and dynastic parental altruism, using a particular...

Persistent link: https://www.econbiz.de/10014537047

Optimal structure and dissolution of partnerships

Loertscher, Simon; Wasser, Cédric - In: Theoretical Economics 14 (2018) 3, pp. 1063-1114

For a partnership model with general type distributions and interdependent values, we derive the optimal dissolution mechanisms that, for arbitrary initial ownership, maximize any convex combination of revenue and social surplus. The solution involves ironing around typically interior worst-off...

Persistent link: https://www.econbiz.de/10012215302

The effect of land titling policy on farm size : evidence from China

Gao, Shaohui; He, Yiming - In: Applied economics 55 (2023) 2, pp. 188-200

Persistent link: https://www.econbiz.de/10013494414

Property rights and resource use : evidence from MLB starting pitchers

Poitras, Marc A.; Sutter, Daniel - In: Applied economics 52 (2020) 60, pp. 6514-6524

Persistent link: https://www.econbiz.de/10012416014

The property rights theory of production networks

Balbuzanov, Ivan; Kotowski, Maciej H. - In: Theoretical Economics 19 (2024) 4, pp. 1619-1658

This paper investigates the formation of production and trading networks in economies with general interdependencies and complex property rights. We argue that the right to exclude, a core tenet of property, grants asset owners local monopoly power that is amplified by an economy's endogenous...

Persistent link: https://www.econbiz.de/10015419691

A theory of personal budgeting

Galperti, Simone - In: Theoretical Economics 14 (2019) 1, pp. 173-210

-specific budgets depends on the combination of a demand for commitment and the demand for flexibility resulting from uncertainty about … with minimum-savings rules (another widely-studied form of commitment), and how budgeting depends on the intensity of self …

Persistent link: https://www.econbiz.de/10012215309

Protocol invariance and the timing of decisions in dynamic games

Doraszelski, Ulrich; Escobar, Juan F. - In: Theoretical Economics 14 (2019) 2, pp. 597-646

We characterize a class of dynamic stochastic games that we call separable dynamic games with noisy transitions and establish that these widely used models are protocol invariant provided that periods are sufficiently short. Protocol invariance means that the set of Markov perfect equilibria is...

Persistent link: https://www.econbiz.de/10012215326

Costly miscalibration

Guo, Yingni; Shmaya, Eran - In: Theoretical Economics 16 (2021) 2, pp. 477-506

the platform's forecast; when the miscalibration cost is high, the platform can achieve its commitment payoff in an … equilibrium, and the only extensive-form rationalizable strategy of the platform is its strategy in the commitment solution. Our … results show that miscalibration cost is a proxy for the degree of the platform's commitment power, and thus provide a …

Persistent link: https://www.econbiz.de/10013189059

Delegating learning

Escobar, Juan F.; Zhang, Qiaoxi - In: Theoretical Economics 16 (2021) 2, pp. 571-603

Learning is crucial to organizational decision making but often needs to be delegated. We examine a dynamic delegation problem where a principal decides on a project with uncertain profitability. A biased agent, who is initially as uninformed as the principal, privately learns the profitability...

Persistent link: https://www.econbiz.de/10013189076