Similar Search Results

Kwon, Suehyun - 2019

This paper defines isomorphism for network formation that is not mathematically isomorphic. Once the pattern of network formation is characterized, one can test for (i) location fixed effects, (ii) heterogeneity, (iii) private information allowing for long-term contracts. The paper provides...

Persistent link: https://www.econbiz.de/10012892085

Collusive Compensation Schemes Aided by Algorithms

Martin, Simon; Schmal, Wolfgang Benedikt - 2021

Sophisticated collusive compensation schemes such as assigning future market shares or direct transfers are frequently observed in detected cartels. We show formally why these schemes are useful for dampening deviation incentives when colluding firms are temporary asymmetric. The relative...

Persistent link: https://www.econbiz.de/10013310765

Think Locally, Act Locally : Spillovers, Spillbacks, and Efficient Decentralized Policymaking

Ogawa, Hikaru; Wildasin, David E. - 2021

decentralized system can still result in globally efficient allocation …

Persistent link: https://www.econbiz.de/10013316740

Firm Heterogeneity, Capital Misallocation and Optimal Monetary Policy

González, Beatriz; Nuno, Galo; Thaler, Dominik; … - 2021

We analyze monetary policy in a New Keynesian model with heterogeneous firms and financial frictions. Firms differ in their productivity and net worth and face collateral constraints that cause capital misallocation. TFP endogenously depends on the time-varying distribution of firms. Although a...

Persistent link: https://www.econbiz.de/10013311708

Banks, Credit Reallocation, and Creative Destruction

Keuschnigg, Christian; Kogler, Michael; Matt, Johannes - 2022

How do banks facilitate creative destruction and shape firm turnover? We develop a dynamic general equilibrium model of bank credit reallocation with endogenous firm entry and exit that allows for both theoretical and quantitative analysis. By restructuring loans to firms with poor prospects and...

Persistent link: https://www.econbiz.de/10014241611

Dynamic Ic and Dynamic Programming

Kwon, Suehyun - 2019

This paper develops a dynamic programming method when the one-stage deviation principle in the sense of mechanism design literature doesn’t hold. The commonly used dynamic programming method is valid only if the one-stage deviation principle in the sense of mechanism design literature is...

Persistent link: https://www.econbiz.de/10012889686

Small Group Instruction to Improve Student Performance in Mathematics in Early Grades : Results from a Randomized Field Experiment

Bonesrønning, Hans; Finseraas, Henning; Hardoy, Inés; … - 2021

years. The intervention includes students aged 7-9 and consists of pulling students from their regular mathematics classes … into small, homogenous groups for mathematics instruction for 3 to 4 hours per week, for two periods of 4-6 weeks per … their performance in mathematics by .16 standard deviations at the end of the school year and by .06 standard deviations in …

Persistent link: https://www.econbiz.de/10013312078

Optimally Controlling an Epidemic

Gonzalez-Eiras, Martín; Niepelt, Dirk - 2021

We propose a flexible model of infectious dynamics with a single endogenous state variable and economic choices. We characterize equilibrium, optimal outcomes, static and dynamic externalities, and prove the following: (i) A lockdown generically is followed by policies to stimulate activity....

Persistent link: https://www.econbiz.de/10013314771

Smart Hedging against Carbon Leakage

Böhringer, Christoph - 2019

combine an emission trading system (ETS) with output-based allocation (OBA) of allowances to exposed industries. We first show …

Persistent link: https://www.econbiz.de/10012859992

The Team Allocator Game : Allocation Power in Public Goods Games

Karakostas, Alexandros; Matzat, Dominik; Riewe, Gerhard; … - 2021

allocation power to distribute benefits from the public good in a way that motivates people to contribute. Re-allocating team …

Persistent link: https://www.econbiz.de/10013231971

1
2
3
4
5
6
7
8
9
10
Next
Last