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The rise of capitalism and the roots of Anti-American terrorism

Krieger, Tim; Meierieks, Daniel - 2014

, consistent with economic norms theory, higher levels of market-capitalism are associated with less anti-American terrorism …This contribution examines the role of capitalism in anti-American terrorism. Using data for 149 countries between 1970 … and 2007, this contribution, contrary to expectations from capitalist peace theory, does not find that Anti …

Persistent link: https://www.econbiz.de/10010375158

On the elasticity of substitution between labor and ICT and IP capital and traditional capital

Jerbashian, Vahagn - 2022

I estimate CES aggregate production functions for the US, the UK, Japan, Germany, and Spain using data from the EU KLEMS database. I distinguish between three types of capital: information and communication technologies (ICT), intellectual property (IP) capital, and traditional capital. I assume...

Persistent link: https://www.econbiz.de/10013390934

Platform intermediation in a market for differentiated products

Galeotti, Andrea (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003674369

On the evolution of market institutions : the platform design paradox

Alós-Ferrer, Carlos (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003498643

Search frictions, competing mechanisms and optimal market segmentation

Cai, Xiaoming; Gautier, Pieter; Wolthoff, Ronald - 2016

In a market in which sellers compete for heterogeneous buyers by posting mechanisms, we analyze how the properties of the meeting technology affect the allocation of buyers to sellers. We show that a separate submarket for each type of buyer is the efficient outcome if and only if meetings are...

Persistent link: https://www.econbiz.de/10011481312

A microfoundation of predator-prey dynamics

Eichner, Thomas; Pethig, Rüdiger - 2003

Predator-prey relationships account for an important part of all interactions between species. In this paper we provide a microfoundation for such predator-prey relations in a food chain. Basic entities of our analysis are representative organisms of species modelled similar to economic...

Persistent link: https://www.econbiz.de/10011507918

The role of bounded rationality and imperfect information in subgame perfect implementation : an empirical investigation

Aghion, Philippe; Fehr, Ernst; Holden, Richard T.; … - 2015

mechanism should - in theory - provide incentives for truth-telling, many buyers in fact believe that they can increase their …

Persistent link: https://www.econbiz.de/10010506318

When a price is enough : implementation in optimal tax design

Renes, Sander; Zoutman, Floris T. - 2014

This paper studies the design of tax systems that implement a planner's second-best allocation in a market economy. An example shows that the widely used Mirrleesian (1976) tax system cannot implement all incentive-compatible allocations. Hammond's (1979) "principle of taxation" proves that any...

Persistent link: https://www.econbiz.de/10010412846

A large-market rational expectations equilibrium model

Vives, Xavier - 2011

This paper presents a market with asymmetric information where a privately revealing equilibrium obtains in a competitive framework and where incentives to acquire information are preserved. The equilibrium is efficient, and the paradoxes associated with fully revealing rational expectations...

Persistent link: https://www.econbiz.de/10009130221

Paying to match : decentralized markets with information frictions

Agranov, Marina; Dianat, Ahrash; Samuelson, Larry; … - 2021

We experimentally study decentralized one-to-one matching markets with transfers. We vary the information available to participants, complete or incomplete, and the surplus structure, supermodular or submodular. Several insights emerge. First, while markets often culminate in efficient...

Persistent link: https://www.econbiz.de/10012415563

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