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Effects of natural resource exploitation on CEMAC countries development: The human capital channel

Leroy, Ghamsi Deffo Salomon; Donal, Ajoumessi Houmpe; … - In: International Journal of Business and Economic Sciences … 14 (2021) 3, pp. 60-71

Purpose: The aim of this study is to determine the effect of the exploitation of natural resources on the development of CEMAC countries and to examine human capital as a transmission channel. Design/methodology/approach: In order to achieve our goal, we formulate a panel of 6 CEMAC countries...

Persistent link: https://www.econbiz.de/10014434592

Will the Eastern Partnership Become a Driver for Agriculture?

Okhrimenko, Oksana; Okhrimenko, Alexander - In: CES Working Papers 9 (2017) 1, pp. 39-57

This article is devoted to the impact of the Eastern Partnership on agricultural production of the member states. ENPARD basic parameters are examined. The results of agricultural development of the states participating in ENPARD and states preparing to join the project was monitored. The...

Persistent link: https://www.econbiz.de/10012017325

The new economic governance framework of the European Union

Mihuț, Ioana - Sorina - In: CES Working Papers 10 (2018) 2, pp. 182-197

There is a general agreement that the European Union is facing nowadays one of the most important challenges in the history of the community, taking into consideration the wide range of economic, social and political risks that constitute top priorities of the European authorities. One key...

Persistent link: https://www.econbiz.de/10012017369

Legislative Mobilization in Convergent Directions: Anti-Crisis and Pro-Sustainable Development

Bostan, Ionel - In: CES Working Papers 6 (2014) 4, pp. 18-28

In recent years, the legal steps (regulatory) taken at EU level as well as in each Member State, aimed to determine an ascent of sustainable growth, supported by a substantial degree of structural reforms. Obviously, Romania joined on the line, accounting as a responsibility of the state...

Persistent link: https://www.econbiz.de/10012017174

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 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