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Optimal Regulation in the Presence of Reputation Concerns

Atkeson, Andrew - 2012

We study a market with free entry and exit of firms who can produce high-quality output by making a costly but efficient initial unobservable investment. If no learning about this investment occurs, an extreme "lemons problem" develops, no firm invests, and the market shuts down. Learning...

Persistent link: https://www.econbiz.de/10013109447

Reconsidering the Costs of Business Cycles with Incomplete Markets

Atkeson, Andrew - 2011

potential gains: (1) what is the likely effect of counter-cyclical policy on the nature of the income risk faced by individuals … effect of counter-cyclical policy is to directly reduce the income risk faced by each individual or is simply to reduce the … correlation across individuals in the income risk that they face. We present a model of the wage and employment risk faced by …

Persistent link: https://www.econbiz.de/10013124598

Innovation, Firm Dynamics, and International Trade

Atkeson, Andrew - 2015

We present a general equilibrium model of the decisions of firms to innovate and to engage in international trade. We use the model to analyze the impact of a reduction in international trade costs on firms' process and product innovative activity. We first show analytically that if all firms...

Persistent link: https://www.econbiz.de/10012750342