Similar Search Results

Monopolistic competition, efficiency wages and perverse effects of demand shock

Malley, James R.; Molana, Hassan - 2001

In this paper we construct a stylised general equilibrium macromodel to show that demand led expansions may have unexpected effects when market imperfections lead to changes in labour productivity. We find some empirical support, from a number of European countries, for the main predictions of...

Persistent link: https://www.econbiz.de/10011398788

The many faces of human sociality : uncovering the distribution and stability of social preferences

Bruhin, Adrian; Fehr, Ernst; Schunk, Daniel - 2016

There is vast heterogeneity in the human willingness to weigh others' interests in decision making. This heterogeneity raises the question how one can parsimoniously model and characterize heterogeneity across several dimensions of social preferences while still being able to predict behavior...

Persistent link: https://www.econbiz.de/10011421679

Measuring time and risk preferences : realiability, stability, domain specificity

Wölbert, Eva; Riedl, Arno - 2013

risk and typically need to assume stability of these characteristics over time and across decision domains. We test the … reliability of two choice tasks for eliciting discount rates, risk aversion, and probability weighting and assess the stability of …

Persistent link: https://www.econbiz.de/10009772925

Stable and sustainable global tax coordination with leviathan governments

Eichner, Thomas; Pethig, Rüdiger - 2014

Itaya et al. (2014) study the conditions for sustainability and stability of capital tax coordination in a repeated …

Persistent link: https://www.econbiz.de/10010383847

Global environmental agreements and international trade : asymmetry of countries matters

Eichner, Thomas; Pethig, Rüdiger - 2014

We investigate the formation of global climate agreements (= stable grand climate coalitions) in a model, in which climate policy takes the form of carbon emission taxation and fossil fuel and consumption goods are traded on world markets. We expand the model of Eichner and Pethig (2014) by...

Persistent link: https://www.econbiz.de/10010428830

Convexity, differential equations, and games

Flåm, Sjur D. - 2002

Theoretical and experimental studies of noncooperative games increasingly recognize Nash equilibrium as a limiting outcome of players repeated interaction. This note, while sharing that view, illustrates and advocates combined use of convex optimization and differential equations, the purpose...

Persistent link: https://www.econbiz.de/10011408978

The farsighted stability of global trade policy arrangements

Berens, Stefan; Chochua, Lasha; Willmann, Gerald - 2021

We study the stability of trade policy arrangements under two regulatory scenarios, with/without PTAs. Unlike previous … smaller (larger) than the third, availability of PTAs decreases (increases) the stability of GFT. Away from symmetry, GFT is …

Persistent link: https://www.econbiz.de/10012599116

Reaching market equilibrium merely by bilateral barters

Flåm, Sjur D. - 2013

Motivated by emission and resource markets, this paper considers repeated, bilateral barters between owners of commodity bundles, contingent claims, or property rights. Focus is on feasible, voluntary exchanges, driven only by differences in substitution rates. No coordination is ever needed....

Persistent link: https://www.econbiz.de/10010212640

Paying to match : decentralized markets with information frictions

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

markets often culminate in efficient matchings, stability is more elusive, reﬂecting the difficulty of arranging attendant … transfers. Second, incomplete information and submodularity present hurdles to efficiency and especially stability; their … combination drastically diminishes stability's likelihood. Third, matchings form "from the top down" in complete …

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

The many faces of human sociality : uncovering the distribution and stability of social preferences

Bruhin, Adrian; Fehr, Ernst; Schunk, Daniel - 2018

There is vast heterogeneity in the human willingness to weigh others' interests in decision making. This heterogeneity concerns the motivational intricacies as well as the strength of other-regarding behaviors, and raises the question how one can parsimoniously model and characterize...

Persistent link: https://www.econbiz.de/10011902981