Narrow search
Showing 1 - 10 of 1,907
Cover Image
Too Big to Prevail : The Paradox of Power in Coalition Formation
Ke, Changxia; Morath, Florian; Newell, Anthony; Page, Lionel - 2021
In standard coalition games, players try to form a coalition to secure a prize and a coalition agreement specifies how … of the prize often takes place after the coalition formation stage. This creates the possibility for some players to ask … strategic disadvantage: a greater voting power in forming a winning coalition is undermined by the threat of being overly …
Persistent link: https://www.econbiz.de/10013235112
Cover Image
A Paradox of Coalition Building in Public Good Provision
Buchholz, Wolfgang; Hattori, Keisuke - 2021
This paper considers endogenous coalition formations and endogenous technology choices in a model of private provision … contributions by a strategic incentive to adopt lower technology to motivate coalition building by other nations, which in the end …
Persistent link: https://www.econbiz.de/10013323874
Cover Image
Rising to the Challenge : Bayesian Estimation and Forecasting Techniques for Macroeconomic Agent-Based Models
Delli Gatti, Domenico - 2019
We propose two novel methods to "bring ABMs to the data". First, we put forward a new Bayesian procedure to estimate the numerical values of ABM parameters that takes into account the time structure of simulated and observed time series. Second, we propose a method to forecast aggregate time...
Persistent link: https://www.econbiz.de/10012860573
Cover Image
Adaptive Agents May Be Smarter than You Think : Unbiasedness in Adaptive Expectations
Palestrini, Antonio; Gallegati, Mauro; Delli Gatti, Domenico - 2021
Agents forming adaptive expectations generally make systematic mistakes. This characterization has fostered the rejection of adaptive expectations in macroeconomics. Experimental evidence, however, shows that in complex environments human subjects frequently rely on adaptive heuristics –...
Persistent link: https://www.econbiz.de/10013217385
Cover Image
Taxing Moral Agents
Muñoz Sobrado, Esteban - 2022
Experimental and empirical findings suggest that non-pecuniary motivations play a significant role as determinants of taxpayers’ decision to comply with the tax authority and shape their perceptions and assessment of the tax code. By contrast, the canonical optimal income taxation model...
Persistent link: https://www.econbiz.de/10014079642
Cover Image
Health Capital Provision and Human Capital Accumulation
Azarnert, Leonid V. - 2020
This article analyzes the effect of public policy intervention in the production of health capital on fertility, private investment in children's health and education and human capital accumulation. I have used a growth model with endogenous fertility, in which the usual parental trade-off...
Persistent link: https://www.econbiz.de/10012840695
Cover Image
Dynastic Human Capital, Inequality and Intergenerational Mobility
Adermon, Adrian - 2019
We study the importance of the extended family – the dynasty – for the persistence in inequality across generations. We use data including the entire Swedish population, linking four generations. This data structure enables us to identify parents’ siblings and cousins, their spouses, and...
Persistent link: https://www.econbiz.de/10012871027
Cover Image
Education, Lack of Complementary Investment and Underemployment in an Open Economy
Marjit, Sugata; Ahuja, Rashmi; Pandey, Abhilasha - 2021
In many developing economies rate of unemployment is increasing with skill accumulation and thereby leading to underemployment. Our paper offers to look at skill formation as a demand side problem not as a traditional supply side problem and also how skill formation or education affects...
Persistent link: https://www.econbiz.de/10013213779
Cover Image
Optimal Redistributive Tax and Education Policies in General Equilibrium
Jacobs, Bas - 2021
Should a redistributive government optimally subsidize education to provoke a reduction in the skill premium through general equilibrium effects on wages? To answer this question, this paper studies optimal linear and non-linear redistributive income taxes and education subsidies in two-type...
Persistent link: https://www.econbiz.de/10013316658
Cover Image
Population Sorting and Human Capital Accumulation
Azarnert, Leonid V. - 2021
This article analyzes the effect of population sorting on economic growth. The analysis is performed in a two-region growth model with endogenous fertility, in which public knowledge spillovers from the more advanced core into children’s human capital accumulation function in the periphery are...
Persistent link: https://www.econbiz.de/10013324215