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The Bazaar Effect, Unbundling of Comparative Advantage, and Migration
Kohler, Wilhelm - 2007
Germany exhibits a strong reduction in domestic manufacturing production depth (bazaar effect). I argue that this reflects an unbundling of comparative advantage. Using a model where Ricardian plus Heckscher-Ohlin-type comparative advantage relates to fragments of production, I compare a trading...
Persistent link: https://www.econbiz.de/10012777491
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Atomistic Congestion Tolls at Concentrated Airports : Seeking a Unified View in the Internalization Debate
Brueckner, Jan K. - 2007
The goal of this paper is to bring some unity to the theoretical side of the debate on internalization of airport congestion by showing that all the literature's theoretical results can be derived within one simple and unified framework. The analysis starts by replicating the results of...
Persistent link: https://www.econbiz.de/10012776625
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Slot-Based Approaches to Airport Congestion Management
Brueckner, Jan K. - 2008
This paper analyzes slot-based approaches to management of airport congestion, using a model where airlines are asymmetric and internalize airport congestion. Under these circumstances, optimal congestion tolls differ across carriers, and since a slot-sale regime (with its uniform slot price)...
Persistent link: https://www.econbiz.de/10012771860
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Convenient Flight Connections vs. Airport Congestion - Modeling the 'Rolling Hub'
Brueckner, Jan K. - 2015
This paper provides the first analysis of the trade-off between convenient flight connections and airport congestion. A continuous spatial model illustrates this trade-off in a framework where a small gap between flight operating times raises congestion while also shortening a connecting...
Persistent link: https://www.econbiz.de/10013014357
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What Marx Means Today
Sinn, Hans-Werner - 2017
Marx made significant contributions to macroeconomics, laying the grounds for both Keynes's theory of aggregate demand … and Schumpeter's theory of creative destruction. His law of the tendency of the rate of profit to fall parallels Alvin … Hansen's theory of secular stagnation which has recently received much attention among scholars studying the financial crises …
Persistent link: https://www.econbiz.de/10012954595
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Household Models : An Historical Perspective
Apps, Patricia F.; Rees, Ray - 2021
the earlier contributions, and using them to place the current state of the theory in perspective. One of its aims is to …
Persistent link: https://www.econbiz.de/10013316648
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Reactivity in Economic Science
Frey, Bruno S. - 2017
There is a fundamental difference between the natural and the social sciences due to reactivity. This difference remains even in the age of Artificially Intelligent Learning Machines and Big Data. Many academic economists take it as a matter of course that economics should become a natural...
Persistent link: https://www.econbiz.de/10012949113
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Beyond Non-Satiation: Needs and Requirements
Pettini, Anna - CESifo - 2014
The hypothesis of non-satiation of rational choice theory is very seldom posed under scrutiny, maybe because it is … taken as an anthropologic reality. Looking closer to that, we discover that it is taken for granted only in economic theory … and a potentially pathological sign. The distinction between needs and requirements provides a new and solid ground on …
Persistent link: https://www.econbiz.de/10011097939
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Implementation of Communication Equilibria by Correlated Cheap Talk : The Two-Player Case
Vida, Peter - 2011
We show that essentially every communication equilibrium of any finite Bayesian game with two players can be implemented as a strategic form correlated equilibrium of an extended game, in which before choosing actions as in the Bayesian game, the players engage in a possibly infinitely long (but...
Persistent link: https://www.econbiz.de/10013128960
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Ageing, Government Budgets, Retirement, and Growth
Gonzalez-Eiras, Martín - 2011
We analyze the short and long run effects of demographic ageing - increased longevity and reduced fertility - on per-capita growth. The OLG model captures direct effects, working through adjustments in the savings rate, labor supply, and capital deepening, and indirect effects, working through...
Persistent link: https://www.econbiz.de/10013129861