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Lobbying and Compromise
Epstein, Gil S.; Nitzan, Shmuel - 2005
The compromise enhancing effect of lobbying on public policy has been established in two typical settings. In the first …
Persistent link: https://www.econbiz.de/10010261146
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The Many Faces of Human Sociality: Uncovering the Distribution and Stability of Social Preferences
Bruhin, Adrian; Fehr, Ernst; Schunk, Daniel - 2016
There is vast heterogeneity in the human willingness to weigh others’ interests in decision making. This heterogeneity raises the question how one can parsimoniously model and characterize heterogeneity across several dimensions of social preferences while still being able to predict behavior...
Persistent link: https://www.econbiz.de/10011431279
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Reaching Market Equilibrium Merely by Bilateral Barters
Flåm, Sjur Didrik - 2013
Motivated by emission and resource markets, this paper considers repeated, bilateral barters between owners of commodity bundles, contingent claims, or property rights. Focus is on feasible, voluntary exchanges, driven only by differences in substitution rates. No coordination is ever needed....
Persistent link: https://www.econbiz.de/10010328735
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Monopolistic Competition, Efficiency Wages and Perverse Effects of Demand Shock
Malley, Jim; Molana, Hassan - 2001
In this paper we construct a stylised general equilibrium macromodel to show that demand led expansions may have unexpected effects when market imperfections lead to changes in labour productivity. We find some empirical support, from a number of European countries, for the main predictions of...
Persistent link: https://www.econbiz.de/10010315109
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Measuring Time and Risk Preferences: Realiability, Stability, Domain Specificity
Wölbert, Eva; Riedl, Arno - 2013
risk and typically need to assume stability of these characteristics over time and across decision domains. We test the … reliability of two choice tasks for eliciting discount rates, risk aversion, and probability weighting and assess the stability of …
Persistent link: https://www.econbiz.de/10010318820
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Contagion in Stable Networks
Bougheas, Spiros - 2017
We study the formation of networks in environments where agents derive benefits from other agents directly linked to them but suffer losses through contagion when any agent on a path connected to them is hit by a shock. We first consider networks with undirected links (e.g. epidemics,...
Persistent link: https://www.econbiz.de/10011744988
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On Equilibrium in Monopolistic Competition with Endogenous Labor
Kushnir, Alexey; Tarasov, Alexander; Zubrickas, Robertas - 2020
We consider a model of monopolistic competition with several heterogeneous sectors and endogenous labor supply. For low (high) values of the labor supply elasticity, we show that there is always a unique equilibrium. For medium values of the labor supply elasticity, the set of equilibria (if...
Persistent link: https://www.econbiz.de/10012269430
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Paying to Match: Decentralized Markets with Information Frictions
Agranov, Marina; Dianat, Ahrash; Samuelson, Larry; … - 2021
markets often culminate in efficient matchings, stability is more elusive, reflecting the difficulty of arranging attendant … transfers. Second, incomplete information and submodularity present hurdles to efficiency and especially stability; their … combination drastically diminishes stability’s likelihood. Third, matchings form “from the top down” in complete …
Persistent link: https://www.econbiz.de/10012492966
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The Farsighted Stability of Global Tade Policy Arrangements
Berens, Stefan; Chochua, Lasha; Willmann, Gerald - 2021
We study the stability of trade policy arrangements under two regulatory scenarios, with/without PTAs. Unlike previous … smaller (larger) than the third, availability of PTAs decreases (increases) the stability of GFT. Away from symmetry, GFT is …
Persistent link: https://www.econbiz.de/10012657919
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The Fundamental Properties, Stability and Predictive Power of Distributional Preferences
Fehr, Ernst; Epper, Thomas; Senn, Julien - 2023
Parsimony is a desirable feature of economic models but almost all human behaviors are characterized by vast individual variation that appears to defy parsimony. How much parsimony do we need to give up to capture the fundamental aspects of a population's distributional preferences and to...
Persistent link: https://www.econbiz.de/10014469617