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A Pigouvian Approach to Congestion in Matching Markets
He, Yinghua - 2019
Recruiting agents, or "programs" costly screen "applicants" in matching processes, and congestion in a market increases with the number of applicants to be screened. To combat this externality that applicants impose on programs, application costs can be used as a Pigouvian tax. Higher costs...
Persistent link: https://www.econbiz.de/10012896762
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Can Basic Entrepreneurship Transform the Economic Lives of the Poor?
Bandiera, Oriana - 2014
The world's poorest people lack capital and skills and toil for others in occupations that others shun. Using a large-scale and long-term randomized control trial in Bangladesh this paper demonstrates that sizable transfers of assets and skills enable the poorest women to shift out of...
Persistent link: https://www.econbiz.de/10013063908
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Limited Attention as the Scarce Resource in an Information-Rich Economy
Falkinger, Josef - 2021
This paper uses basic empirical facts from attention and perception psychology for a behavioral approach to equilibrium …-rich and whether scarcity of attention complements economic scarcity. A conventional economic equilibrium results if subjects … equilibrium diversity and level of attention-seeking activities are shown. At the normative level, welfare, efficiency and optimal …
Persistent link: https://www.econbiz.de/10013318625
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Inside and Outside Money, Gains to Trade, and IS-LM
Dubey, Pradeep; Geanakoplos, John - Cowles Foundation for Research in Economics, Yale University - 2000
We build a one-period general equilibrium model with money. Equilibrium exists, and fiat money has positive value, as …
Persistent link: https://www.econbiz.de/10005087396
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Asset Markets and Investment Decisions
Waegenaere, A. De; Polemarchakis, Heracles M.; Ventura, L. - Cowles Foundation for Research in Economics, Yale University - 1997
standard assumptions, competitive equilibria exist. But, competitive equilibrium allocations need not satisfy a condition of …, competitive equilibrium allocations are generically indeterminate -- they are determinate if firm consider the commodity payoffs …
Persistent link: https://www.econbiz.de/10005087397
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Credit Cards and Inflation
Geanakoplos, John; Dubey, Pradeep - Cowles Foundation for Research in Economics, Yale University - 2009
The introduction and widespread use of credit cards increases trading efficiency but, by also increasing the velocity of money, it causes inflation, in the absence of monetary intervention. If the monetary authority attempts to restore pre-credit card price levels by reducing the money supply,...
Persistent link: https://www.econbiz.de/10005016204
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Pricing and Investments in Matching Markets
Mailath, George J.; Postlewaite, Andrew; Samuelson, Larry - Cowles Foundation for Research in Economics, Yale University - 2011
the transacting agents prior to any transfers -- created by a buyer-seller match. Personalized price equilibrium outcomes …
Persistent link: https://www.econbiz.de/10009221543
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Evaluating the Long-Run Impact of an Innovative Anti-Poverty Program : Evidence Using Household Panel Data
Asadullah, M. Niaz - 2016
Using a four-round panel data set from the first phase of the Challenging the Frontiers of Poverty Reduction – Targeting the Ultra Poor (CFPR – TUP) programme of BRAC, we investigate whether a one-off transfer of livestock assets improves well-being of the very poor women in Bangladesh....
Persistent link: https://www.econbiz.de/10012997454
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A Pure Theory of Population Distribution When Preferences are Ordinal
Stark, Holger; Kosiorowski, Grzegorz - 2023
We model an environment in which individuals prefer to be in a space in which their rank is higher, be it a social space, a geographical space, a work environment, or any other comparison sphere which we refer to in this paper, and without loss of generality, as a region. When the individuals...
Persistent link: https://www.econbiz.de/10014261428
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Government Subsidies as a Risk-Sharing Policy Tool in Innovation Investment
Lu, Hao; De Fuentes, Claudia; Milla, Joniada; Ahmadi, Soheil - 2022
Current literature on the impact assessment of government innovation subsidies is mainly empirical driven and lacks an overarching theoretical model to explain the conditions under which government subsidies create positive additionalities on private R&D investment. In this paper, we present a...
Persistent link: https://www.econbiz.de/10014241969