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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/10014296667
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The Pure Effect of Social Preferences on Regional Location Choices: The Evolving Dynamics of Convergence to a Steady State Population Distribution
Stark, Oded; Budzinski, Wiktor; Kosiorowski, Grzegorz - 2019
This paper tracks the consequences of individuals' desire to align their location with their social preferences. The social preference studied in the paper is distaste for relative deprivation, measured in a cardinal manner. Location is conceived as social space, with individuals choosing to...
Persistent link: https://www.econbiz.de/10012006031
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Market distortions and local indeterminacy: A general approach
Lloyd-Braga, Teresa; Modesto, Leonor; Seegmuller, Thomas - 2011
elasticities of the crucial functions defining the aggregate equilibrium dynamics of the model. This allows us to study how market …
Persistent link: https://www.econbiz.de/10010278392
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Intra-Industry Trade, Involuntary Unemployment and Macroeconomic Stability
Le Riche, Antoine; Lloyd-Braga, Teresa; Modesto, Leonor - 2021
path stability in autarky, whereas in the other there are efficiency wages, and the autarkic equilibrium may be locally …
Persistent link: https://www.econbiz.de/10012497948
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Stability and Dynamics in an Overlapping GenerationsEconomy with Flexible Wage Negotiations
Koskela, Erkki; Puhakka, Mikko - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
We analyze the stability and dynamics of an overlapping generations model with imperfectlycompetitive labour markets...
Persistent link: https://www.econbiz.de/10005860766
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Stability and Dynamics in an Overlapping Generations Economy with Flexible Wage Negotiations
Koskela, Erkki; Puhakka, Mikko - Institute for the Study of Labor (IZA) - 2007
state equilibrium is a saddle. …
Persistent link: https://www.econbiz.de/10005822108
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Dynamics of Intrahousehold Bargaining
Andaluz, Joaquín; Marcén, Miriam; Molina, José Alberto - Institute for the Study of Labor (IZA) - 2008
This paper studies the dynamics of bargaining in an intrahousehold context. To explore long-term partner relationships, we analyse bilateral bargaining by considering that spouses take decisions sequentially. We conclude that a greater valuation of the present, rather than the future, for the...
Persistent link: https://www.econbiz.de/10005822573
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Market Distortions and Local Indeterminacy: A General Approach
Lloyd-Braga, Teresa; Modesto, Leonor; Seegmuller, Thomas - Institute for the Study of Labor (IZA) - 2011
elasticities of the crucial functions defining the aggregate equilibrium dynamics of the model. This allows us to study how market …
Persistent link: https://www.econbiz.de/10008922965
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Skill Complementarity in Production Technology: New Empirical Evidence and Implications
Stoyanov, Andrey; Zubanov, Nick - 2019
. Specifically, we show through simulations on a simple general equilibrium model that failing to take technological heterogeneity …
Persistent link: https://www.econbiz.de/10012059163
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Learning of General Equilibrium Effects and the Unemployment Trap
Gersbach, Hans; Schniewind, Achim - 2001
We examine wage bargaining when employers and labor unions do not always take all general equilibrium effects into … account but learn a steady state. If agents do hardly consider general equilibrium effects, low real wages and low … unemployment results. With an intermediate view, when partial equilibrium effects are taken into account, high real wages and …
Persistent link: https://www.econbiz.de/10010262458