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Trade Retaliation in a Monetary-Trade Model
Whalley, John - 2013
goods trade model which also captures trade through time in the form of inside money as used in macro literature on one good …
Persistent link: https://www.econbiz.de/10012753251
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Some Evolutionary Foundations for Price Level Rigidity
Saint-Paul, Gilles - CESifo - 2002
This paper shows that price rigidity evolves in an economy populated by imperfectly rational agents who experiment with alternative rules of thumb. In the model, firms must set their prices in face of aggregate demand shocks. Their payoff depends on the level of aggregate demand, as well as on...
Persistent link: https://www.econbiz.de/10005051547
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Money, Credit and Banking
Berentsen, Aleksander; Camera, Gabriele; Waller, Christopher - CESifo - 2005
In monetary models in which agents are subject to trading shocks there is typically an ex-post inefficiency in that some agents are holding idle balances while others are cash constrained. This inefficiency creates a role for financial intermediaries, such as banks, who accept nominal deposits...
Persistent link: https://www.econbiz.de/10005405820
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Academics Appreciate Awards - A New Aspect of Incentives in Research
Frey, Bruno S.; Neckermann, Susanne - CESifo - 2009
This paper analyzes awards as a means of motivation prevalent in the scientific community, but so far neglected in the economic literature on incentives, and discusses their relationship to monetary compensation. Awards are better suited than performance pay to reward scientific tasks, which are...
Persistent link: https://www.econbiz.de/10005406082
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Competition between State Universities
Grazzini, Lisa - 2011
We analyse how state university competition to collect resources may affect both research and the quality of teaching …
Persistent link: https://www.econbiz.de/10013128543
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Competition and Trust : Evidence from German Car Manufacturers
Felli, Leonardo - 2011
We explore the determinants and effects of trust relationships between upstream suppliers and downstream producers. Using unique survey data on individual supplier-buyer relationships in the German automotive industry, we show, by means of different measures of supplier-buyer trust, that higher...
Persistent link: https://www.econbiz.de/10013129248
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Emotions in Litigation Contests
Baumann, Florian - 2011
This paper introduces the concept of emotions into the standard litigation contest. Positive (negative) emotions emerge when litigants win (lose) at trial and are dependent in particular on the level of defendant fault. Our findings establish that standard results of litigation contests change...
Persistent link: https://www.econbiz.de/10013129864
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A Simple Model of Health Insurance Competition
Kemnitz, Alexander - 2010
This paper investigates competition between health insurance companies under different financing regulations. We … consider two alternatives advanced in recent German health care reform discussions: competition by contribution rates (health … contributions) and by fees (health premia). We find that contribution rate competition yields lower company profits and higher …
Persistent link: https://www.econbiz.de/10013136650
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Bank Competition, Asset Allocations and Risk of Failure : An Empirical Investigation
Boyd, John H. - 2010
This study is an empirical investigation of theoretical predictions concerning the impact of bank competition on bank … risk and asset allocations. Recent work (Boyd, De Nicolò and Jalal, 2009, BDNJ henceforth) predicts that as competition in … of competition. We also find that as competition intensifies, borrower risk decreases and the loan-to-asset ratio …
Persistent link: https://www.econbiz.de/10013137391
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Competition in Funding Higher Education
Eckwert, Bernhard - 2012
that funding competition does not rectify the investment inefficiency nor will it improve pooling of individual income … competition and restricted participation yields the highest level of social welfare …
Persistent link: https://www.econbiz.de/10013113974