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The scope of cooperation : values and incentives
Tabellini, Guido Enrico (contributor) - 2008
Persistent link: https://www.econbiz.de/10003641773
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Why not in your backyard? : on the location and size of a public facility
Bellettini, Giorgio (contributor); Kempf, Hubert (contributor) - 2008
Persistent link: https://www.econbiz.de/10003662234
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The Pygmalion effect : an agency model with reference dependent preferences
Daido, Kohei (contributor); Itō, Hideshi (contributor) - 2005
We attempt to formulate and explain two types of self-fulfilling prophecy, called the Pygmalion effect (if a supervisor thinks her subordinates will succeed, they are more likely to succeed) and the Galatea effect (if a person thinks he will succeed, he is more likely to succeed). To this...
Persistent link: https://www.econbiz.de/10002756345
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Intertemporal utility with heterogeneous goods and constant elasticity of substitution
Quaas, Martin F.; Baumgärtner, Stefan; Drupp, Moritz A.; … - 2019
We characterize intertemporal utility functions over heterogeneous goods that feature (i) a constant elasticity of … the goods. We find that a standard (stationary) intertemporal utility function is consistent with these two properties if … elasticities of substitution are identical, or if the instantaneous utility function is Cobb-Douglas. We also characterize the …
Persistent link: https://www.econbiz.de/10012156591
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Technology shocks and aggregate fluctuations in an estimated hybrid RBC model
Malley, James R.; Woitek, Ulrich - 2009
This paper contributes to the on-going empirical debate regarding the role of the RBC model and in particular of technology shocks in explaining aggregate fluctuations. To this end we estimate the model's posterior density using Markov-Chain Monte-Carlo (MCMC) methods. Within this framework we...
Persistent link: https://www.econbiz.de/10003833344
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Productivity shocks and aggregate cycles in an estimated endogenous growth model
Malley, James R.; Woitek, Ulrich - 2009
Using a two-sector endogenous growth model, this paper explores how productivity shocks in the goods and human capital producing sectors contribute to explaining aggregate cycles in output, consumption, investment and hours. To contextualize our findings, we also assess whether the human capital...
Persistent link: https://www.econbiz.de/10003850283
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Third-party intervention in conflicts and the indirect samaritan's dilemma
Amegashie, J. Atsu - 2009
I study a two-period model of conflict with two combatants and a third party who is an ally of one of the combatants. The third party is fully informed about the type of her ally but not about the type of her ally's enemy. There is a signaling game between the third party and her ally's enemy...
Persistent link: https://www.econbiz.de/10003854485
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Core-stable rings in auctions with independent private values
Biran, Omer; Forges, Françoise - 2010
which the bidders' final utility possibly depends on the winner's identity. We show that such direct externalities offer a …
Persistent link: https://www.econbiz.de/10003974150
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Jointness of growth determinants
Doppelhofer, Gernot (contributor); Weeks, Melvyn (contributor) - 2007
Persistent link: https://www.econbiz.de/10003497528
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Learning, structural instability and present value calculations
Pesaran, M. Hashem (contributor);  … - 2006
Present value calculations require predictions of cash flows both at near and distant future points in time. Such predictions are generally surrounded by considerable uncertainty and may critically depend on assumptions about parameter values as well as the form and stability of the data...
Persistent link: https://www.econbiz.de/10003300967