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A simple model of a central bank digital currency

Mishra, Bineet; Prasad, Eswar S. - 2023

central bank money. The key differences between cash and central bank digital currency (CBDC) include transaction efficiency …, possibilities for tax evasion, and, potentially, nominal rates of return. We establish conditions under which cash and CBDC can co …-exist and show how government policies can in uence relative holdings of cash, CBDC, and other assets. We illustrate how a CBDC …

Persistent link: https://www.econbiz.de/10014280913

Design choices for central bank digital currency: policy and technical considerations

Allen, Sarah; Capkun, Srdjan; Eyal, Ittay; Fanti, Giulia; … - 2020

Central banks around the world are exploring and in some cases even piloting Central Bank Digital Currencies (CBDCs). CBDCs promise to realize a broad range of new capabilities, including direct government disbursements to citizens, frictionless consumer payment and money-transfer systems, and a...

Persistent link: https://www.econbiz.de/10012256941

Diasporas and conflict

Mariani, Fabio; Mercier, Marion; Verdier, Thierry - 2016

We build a model of conflict in which two groups contest a resource and must decide on the optimal allocation of labor between fighting and productive activities. In this setting, a diaspora emanating from one of the two groups can get actively involved in the conflict by transferring financial...

Persistent link: https://www.econbiz.de/10011544003

It's all about connections : evidence on network formation

Falk, Armin (contributor); Kosfeld, Michael (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001760434

Strategic wage setting and coordination frictions with multiple applications

Gautier, Pieter (contributor); … - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002226767

Cooperative models in action : simulation of a Nash-bargaining model of household labor supply with taxation

Bargain, Olivier (contributor); Moreau, Nicolas (contributor) - 2005

Several theoretical contributions, starting with McElroy and Horney (1981) and Manser and Brown (1980), have suggested to model household behavior as a Nash-bargaining game. Since then, very few attempts have been made to operationalize cooperative models of household labor supply for policy...

Persistent link: https://www.econbiz.de/10002597682

Nash bargaining and the wage consequences of educational mismatches

Hartog, Joop; Sattinger, Michael - 2012

The paper provides a theoretical foundation for the empirical regularities observed in estimations of wage consequences of overeducation and undereducation. Workers with more education than required for their jobs are observed to suffer wage penalties relative to workers with the same education...

Persistent link: https://www.econbiz.de/10009672284

Cognitive ability, character skills, and learning to play equilibrium : a level-k analysis

Gill, David; Prowse, Victoria L. - 2014

In this paper we investigate how cognitive ability and character skills influence behavior, success and the evolution of play towards Nash equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment and find striking differences according to cognitive...

Persistent link: https://www.econbiz.de/10010364492

Key players in co-offending networks

Lindquist, Matthew J.; Zenou, Yves - 2014

We study peer effects in crime by analyzing co-offending networks. We first provide a credible estimate of peer effects in these networks equal to 0.17. This estimate implies a social multiplier of 1.2 for those individuals linked to only one co-offender and a social multiplier of 2 for those...

Persistent link: https://www.econbiz.de/10010252606

Kinky choices, dictators and split might : a non-cooperative model for household consumption and labor supply

Boone, Jan; Wiel, Karen van der; Vermeulen, Frederic - 2009

It is unlikely that husbands and wives always agree on exactly what public goods to buy. Nor do they necessarily agree on how many hours to work with obvious consequences for the household budget. We therefore model consumption and labor supply behavior of a couple in a non-cooperative setting...

Persistent link: https://www.econbiz.de/10003872703

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