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Crises in Competitive Versus Monopolistic Banking Systems

Boyd, John H. - 2008

We study a monetary, general equilibrium economy in which banks exist because they provide intertemporal insurance to …

Persistent link: https://www.econbiz.de/10012774311

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

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

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

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

Financial Distortions in China : A General Equilibrium Approach

Anzoategui, Diego - 2016

to a misallocation of resources. We analyze the impact of removing such frictions in a general equilibrium setting. The …

Persistent link: https://www.econbiz.de/10012998763

Cyber Risk, Market Failures, and Financial Stability

Kopp, Emanuel - 2017

Cyber-attacks on financial institutions and financial market infrastructures are becomingmore common and more sophisticated. Risk awareness has been increasing, firms activelymanage cyber risk and invest in cybersecurity, and to some extent transfer and pool theirrisks through cyber liability...

Persistent link: https://www.econbiz.de/10012948520

A Macroeconomic Approach to the Term Premium

Kopp, Emanuel - 2018

In recent years, term premia have been very low and sometimes even negative. Now, with the United States economy growing above potential, inflationary pressures are on the rise. Term premia are very sensitive to the expected future path of growth, inflation, and monetary policy, and an inflation...

Persistent link: https://www.econbiz.de/10012913929

Determinants of U.S. Business Investment

Kopp, Emanuel - 2018

U.S. business investment has taken a serious toll during the global financial crisis and also in the recovery phase investment did not pick up as expected. What is surprising is that the alleged investment slowdown happened at a time of record corporate profits and retained earnings, highly...

Persistent link: https://www.econbiz.de/10012913931

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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