Showing 1 - 10 of 44
This paper examines the consequences of an asymmetric negative fertility shock on capital formation, saving/investment imbalance, and welfare. The framework of analysis is a Diamond-type overlapping-generations small open economy with capital market imperfection. The capital market imperfection...
Persistent link: https://www.econbiz.de/10008777398
In a local economy, the citizens can react on local policy by exit. Exit induces a shift in the housing demand. The local policy may thus capitalize into the housing prices. However, the citizens encounter specific coordination problems on the housing market. Therefore, it may be asked how...
Persistent link: https://www.econbiz.de/10005790202
This paper presents information on the relative valuation of fixed assets, using data from the Bureau of Economic Analysis (BEA) coupled with observed longer-run historical relationships and “stylized facts” for macroeconomic relationships in the U.S. economy. Alternative scenarios are...
Persistent link: https://www.econbiz.de/10008805472
States, within a search and matching model that allows for skill heterogeneity, differential search cost between immigrants …
Persistent link: https://www.econbiz.de/10011108231
The effects of entry on consumer and total welfare are studied in a model of consumer search. Potential entrants differ … may arise naturally in search markets due to the variety and quality effects of entry, and discuss their business and …
Persistent link: https://www.econbiz.de/10011109297
The internet has not only reduced consumer search costs, but has also enabled more efficient and sophisticated search … procedures. For example, online consumers can streamline their search process if appropriately defined categories of products and … services are available. This paper proposes a search model with product categories where consumers choose which categories to …
Persistent link: https://www.econbiz.de/10011109734
use a search frictions model with an informal sector, heterogeneous workers, and conditional taxes and transfers to …
Persistent link: https://www.econbiz.de/10011109896
uncertainty forces newcomers to the market to search for an acceptable price which is less than the marginal utility of the good …. Old customers may decide to engage in search after a price increase, if the expected difference in search costs and price …
Persistent link: https://www.econbiz.de/10011110461
costs of search with its marginal benefit. The consumer can maximize the utility of his consumption-leisure choice with … regard to the equality of marginal values of search. Therefore, the satisficing decision procedure results in the optimizing …
Persistent link: https://www.econbiz.de/10011258818
equalizes marginal costs of search with its marginal benefits. The implicit optimal choice results in the explicit satisficing …
Persistent link: https://www.econbiz.de/10011259300