Showing 1 - 10 of 177
Persistent link: https://www.econbiz.de/10015127513
Persistent link: https://www.econbiz.de/10003401007
We investigate the welfare effect of increasing competition in an anonymous two-sided matching market, where matched … pairs play an infinitely repeated Prisoner's Dilemma. Higher matching efficiency is usually considered detrimental as it … creates stronger incentives for defection. We point out, however, that a reduction in matching frictions also increases …
Persistent link: https://www.econbiz.de/10013331070
We investigate the welfare effect of increasing competition in an anonymous two-sided matching market, where matched … pairs play an infinitely repeated Prisoner's Dilemma. Higher matching efficiency is usually considered detrimental as it … creates stronger incentives for defection. We point out, however, that a reduction in matching frictions also increases …
Persistent link: https://www.econbiz.de/10014458804
Persistent link: https://www.econbiz.de/10011938785
Persistent link: https://www.econbiz.de/10011529701
Persistent link: https://www.econbiz.de/10013332488
Short answer: It helps a lot when other important variables are excluded from the information set. Longer answer: We revisit claims in the literature that money growth is Granger-causal for inflation at low frequencies. Applying frequency-specific tests in a comprehensive system setup for...
Persistent link: https://www.econbiz.de/10009774367
Persistent link: https://www.econbiz.de/10003576617
Persistent link: https://www.econbiz.de/10015333912