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Supply theory sans profit-maximization
Dasgupta, Indraneel - 2009
predictive content of the traditional theory of competitive supply. A number of key results in the deterministic theory follow as … predictive content of the classical theory of competitive firm behavior from its a priori roots in profit maximization, while … subsuming the traditional theory as a special case. -- Supply aggregation ; stochastic supply function ; stochastic consistency …
Persistent link: https://www.econbiz.de/10003810898
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The economics of migrants' remittances
Rapoport, Hillel (contributor);  … - 2005
This chapter reviews the recent theoretical and empirical economic literature on migrants' remittances. It is divided between a microeconomic section on the determinants of remittances and a macroeconomic section on their growth effects. At the micro level we first present in a fully harmonized...
Persistent link: https://www.econbiz.de/10002693330
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Economics and religion
Chiswick, Carmel Ullman - 2010
This paper provides an overview of the relationship between economics and religion. It first considers the effects of economic incentives in the religious marketplace on consumers’ demand for "religion." It then shows how this demand affects religious institutions and generates a supply of...
Persistent link: https://www.econbiz.de/10003950733
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Impact of reforms on plant-level productivity and technical efficiency : evidence from the Indian manufacturing sector
Bhaumik, Sumon Kumar (contributor);  … - 2008
It is generally believed that the structural reforms that usher in competition and force companies to become more efficient were introduced later in India following the macroeconomic crisis in 1991. However, whether the post-1991 growth is an outcome of more efficient use of resources or greater...
Persistent link: https://www.econbiz.de/10003656923
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Social change
Greenwood, Jeremy (contributor); Guner, Nezih (contributor) - 2008
A society is characterized by the common attitudes and behavior of its members. Such behavior reflects purposive decision making by individuals, given the environment they live in. Thus, as technology changes, so might social norms. There were big changes in social norms during the 20th century,...
Persistent link: https://www.econbiz.de/10003716525
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Uncertainty and the politics of employment protection
Vindigni, Andrea (contributor) - 2008
This paper investigates the role that idiosyncratic uncertainty plays in shaping social preferences over the degree of labor market flexibility, in a general equilibrium model of dynamic labor demand where the productivity of firms evolves over time as a Geometric Brownian motion. A key result...
Persistent link: https://www.econbiz.de/10003719624
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The measurement of racial discrimination in pay between job categories : theory and test
Bodvarsson, Örn B. (contributor);  … - 2008
The traditional model of taste discrimination in labor markets presumes perfect substitution, making it unsuitable for the measurement of discrimination across job assignments. We extend the model to explain cross-assignment discrimination and test it on data from Major League Baseball. A...
Persistent link: https://www.econbiz.de/10003760321
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The stairways to heaven : a model of career choice in sports and games, with an application to chess
Ariga, Ken; Brunello, Giorgio; Iwahashi, Roki; Rocco, … - 2008
We model individual careers in sports and games from initial entry to eventual exit or success as a discrete-choice, finite-horizon optimization problem. We apply this model to the international game of chess and study cross-country differences in the relative success of players. While we find...
Persistent link: https://www.econbiz.de/10003646733
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Causal effects of monetary shocks : semiparametric conditional independence tests with a multinomial propensity score
Angrist, Joshua D. (contributor);  … - 2008
Macroeconomists have long been concerned with the causal effects of monetary policy. When the identification of causal effects is based on a selection-on-observables assumption, non-causality amounts to the conditional independence of outcomes and policy changes. This paper develops a...
Persistent link: https://www.econbiz.de/10003739948
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Unemployment dynamics and the cost of business cycles
Hairault, Jean-Olivier (contributor);  … - 2008
In this paper, we investigate whether business cycles can imply sizable effects on average unemployment. First, using a reduced-form model of the labor market, we show that job finding rate fluctuations generate intrinsically a non-linear effect on unemployment: positive shocks reduce...
Persistent link: https://www.econbiz.de/10003778482