Narrow search
Showing 21 - 30 of 268
Cover Image
Exploring the causes of frictional wage dispersion
Tjaden, Volker; Wellschmied, Felix - 2011
Standard search models are inconsistent with the amount of frictional wage dispersion found in U.S. data. We resolve this apparent puzzle by modeling skill development (learning by doing on the job, skill loss during unemployment) and duration dependence in unemployment benefits in a random on...
Persistent link: https://www.econbiz.de/10009126080
Cover Image
Making a weak instrument set stronger : factor-based estimation of the Taylor rule
Mirza, Harun; Storjohann, Lidia - 2011
analysis of a forward-looking Taylor rule by seeking stronger instruments. We suggest exploiting information from a large …
Persistent link: https://www.econbiz.de/10009748249
Cover Image
Does information matter? : some experimental evidence from a common-pool resource game
Apesteguia, Jose - 2001
This paper analyzes the effect of the availability of information about the payoff structure on the behavior of players … in a Common-Pool Resource game. Six groups of six individuals played a complete information game, while other six groups … played the same game but with no information about the payoff function. It will be shown that the patterns of investment …
Persistent link: https://www.econbiz.de/10011538855
Cover Image
The two-person Harvard game : an experimental analysis
Apesteguia, Jose - 2001
Two subjects have to repeatedly choose between two alternatives, A and B, where payoffs of an A or B-choice depend on the choices made by both players in a number of previous choices. Locally, alternative A gives always more payoff than alternative B. However, in terms of overall payoffs...
Persistent link: https://www.econbiz.de/10011539831
Cover Image
Interactive unawareness and speculative trade
Heifetz, Aviad (contributor); Meier, Martin (contributor);  … - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001970326
Cover Image
Unawareness, beliefs and games
Heifetz, Aviad (contributor); Meier, Martin (contributor);  … - 2007
We define a generalized state-space model with interactive unawareness and probabilistic beliefs. Such models are desirable for many potential applications of asymmetric unawareness. We develop Bayesian games with unawareness, define equilibrium, and prove existence. We show how equilibria are...
Persistent link: https://www.econbiz.de/10003471804
Cover Image
The wage policy of firms : comparative evidence for the US and Germany from personnel data
Grund, Christian (contributor) - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001828706
Cover Image
Monetary policy in Europe : evidence from time-varying taylor rules
Assenmacher-Wesche, Katrin (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001984319
Cover Image
Cointegration and regime-switching risk premia in the U:S: term structure of interest rates
Tillmann, Peter (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001984469
Cover Image
Does anticipation of government spending matter? : the role of (non-)defense spending
Tenhofen, Jörn; Wolff, Guntram B. - 2010
We investigate the effects of government expenditure on private consumption when the private sector anticipates the fiscal shocks. In order to capture anticipation of fiscal policy, we develop a new method based on a structural vector autoregression (SVAR). By simulating data from a theoretical...
Persistent link: https://www.econbiz.de/10003979802