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The demographic transition is introduced into the otherwise standard Ramsey model to generate multiple equilibria, poverty traps, and demography-driven cycles. The model is calibrated for global data to explore the demographic conditions under which multiplicity is realized. Three cases arise,...
Persistent link: https://www.econbiz.de/10013130458
In this document, we consider the effects of a land reform on economic and demographic growth by a family-optimization model with sharecropping, endogenous fertility and status seeking. We show that tenant farming is the major obstacle to escaping the Malthusian trap with high fertility and low...
Persistent link: https://www.econbiz.de/10013055912
on existing theories of competition in markets with adverse selection …
Persistent link: https://www.econbiz.de/10012763924
determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … has little influence, as predicted. Seller competition drives down prices and yields maximal trade, but does not lead to …
Persistent link: https://www.econbiz.de/10012764487
We propose the so-called domestic "embodied unit labor costs" (EULC) at the country-sector level as a new cost-related basis for measures of international competitiveness. EULC take into account that a sector's labor costs constitute only a small share of its total cost which to a large extent...
Persistent link: https://www.econbiz.de/10012919512
Not enough is known about the responsiveness of individuals, in particular those who tend to work under different incentives, to changes in marginal tax rates. We ask whether changes in marginal tax rates are less distortionary for workers engaged in a contest. To examine this potential...
Persistent link: https://www.econbiz.de/10013049076
This paper studies the effect of competition on ethnic discrimination by carrying out a field experiment in the context … of the rice market in Bangladesh. We recruit professional rice buyers (middlemen) to act as judges in a rice competition … competition in the marketplace, do not price discriminate against ethnic minority farmers. A second lab-in-the-field experiment …
Persistent link: https://www.econbiz.de/10012833246
This paper assesses the impact of product market competition on job instability as proxied by the use of fixed … Strategies Survey, I show that job instability rises with competition. In particular, a one standard deviation increase in … competition in an economic sector decreases the probability that a fixed-term worker gets an open-ended contract within that …
Persistent link: https://www.econbiz.de/10013125476
economics. This paper explores voting on a scheme of intergroup competition which facilitates cooperation in a social dilemma … situation. Experimental results show that the competitive scheme fosters cooperation. Competition is popular but also that the … electoral outcome depends strongly on specific voting rules of institutional choice. If the majority decides, competition is …
Persistent link: https://www.econbiz.de/10013104948
This paper studies the influence of information on entry choices in a competition with a controlled laboratory … experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition … failure, where competition failure occurs when a subject loses the competition because the opponent holds a higher …
Persistent link: https://www.econbiz.de/10013108628