Showing 1 - 10 of 34
Can colonialism affect today's urban outcomes? This paper examines the long-run impact of Concessions - foreign-run enclaves established in the late nineteenth century inside Chinese cities by European settlers for residence and investment purposes. They soon became the new economic hubs of...
Persistent link: https://www.econbiz.de/10014534453
We develop a three-stage model of abatement technology search, adoption, and deployment. Using this model, which draws … on search theory tools more frequently used in labour and monetary economics, we compare market-based and command …-and-control pollution control instruments with respect to the incentives each provides for abatement technology search and adoption …
Persistent link: https://www.econbiz.de/10010352355
This paper presents a simple and tractable equilibrium model of repos, where collateralized credit emerges under limited commitment. We show that even if there is no time variation in fundamentals, repo markets can fluctuate endogenously over time. In our theory, repo market fragilities are...
Persistent link: https://www.econbiz.de/10012018209
Increased competition tends to benefit all buyers with increasing product variety and decreasing prices. However, if local and external market channels compete for the same class of products, increased competition from the external market crowds out local variety. Under local monopoly, local...
Persistent link: https://www.econbiz.de/10012052789
is used a third of the time. To analyze the Malawian epidemic, a choice-theoretic general equilibrium search model is …
Persistent link: https://www.econbiz.de/10011931955
Channel systems for conducting monetary policy are becoming increasingly popular. Despite their popularity, the consequences of implementing policy with a channel system are not well understood. We develop a general equilibrium framework of a channel system and investigate the optimal policy. A...
Persistent link: https://www.econbiz.de/10010264077
This paper uses a new data set on domestic child adoption to document the preferences of potential adoptive parents over born and unborn babies relinquished for adoption by their birth mothers. We show that adoptive parents exhibit significant biases in favor of girls and against...
Persistent link: https://www.econbiz.de/10010266105
those participating in the scheme, and in particular the possible locking-in effect reducing job search. In a general … equilibrium search framework, we show that the effects of workfare policies critically depend on the response of those not in the … implies that unemployed not yet in workfare may search more for regular jobs, and employed may accept lower wages since the …
Persistent link: https://www.econbiz.de/10010270594
equilibrium search model of the labor market with an endogenous number of contacts between workers and firms. Workers contact … estimated parameter values welfare is improved if unemployed workers increase their search intensity. …
Persistent link: https://www.econbiz.de/10010274755
, both employed and unemployed, search for better paid job opportunities. Different firms typically offer different contracts …. Workers accumulate general human capital through learning-by-doing. With on-the-job search, a worker's wage evolves …
Persistent link: https://www.econbiz.de/10010274781