Showing 1 - 10 of 6,453
In this paper I develop a positive theory of intergenerational transfers. I argue that transfers are a means to induce … theory in this paper is consistent with a number of regularities: transfers appear to be a luxury good that societies buy …
Persistent link: https://www.econbiz.de/10013311879
Empirical evidence suggests that money in the hands of mothers (as opposed to fathers) increases expenditures on children. Does this imply that targeting transfers to women promotes economic development? Not necessarily. We consider a noncooperative model of the household where a gender wage gap...
Persistent link: https://www.econbiz.de/10013059095
A “Nash equilibrium in Nash bargains” has become a workhorse bargaining model in applied analyses of bilateral oligopoly. This paper proposes a non-cooperative foundation for “Nash-in-Nash” bargaining that extends the Rubinstein (1982) alternating offers model to multiple upstream and...
Persistent link: https://www.econbiz.de/10013044612
There has been much discussion about what issues should be included in international 'trade' negotiations. Different countries, firms and activists groups have quite different views regarding which items should (or should not) be negotiated together. Proposals run the gamut from no linking to...
Persistent link: https://www.econbiz.de/10013231858
We propose a model of cycles of distrust and conflict. Overlapping generations of agents from two groups sequentially play coordination games under incomplete information about whether the other side consists of "extremists" who will never take the good/trusting action. Good actions may be...
Persistent link: https://www.econbiz.de/10013103053
International trade policy analysis has tended to focus on the production side of general equilibrium, with policies such as a tariff or carbon tax affecting international and internal income distributions through a Heckscher-Ohlin nexus of factor intensities and factor endowments. Here I move...
Persistent link: https://www.econbiz.de/10013071509
We present a theory of ethnic conflict in which coalitions formed along ethnic lines compete for the economy%u2019s …
Persistent link: https://www.econbiz.de/10013246674
This paper provides a systematic analysis of identification in linear social interactions models. This is both a theoretical and an econometric exercise as the analysis is linked to a rigorously delineated model of interdependent decisions. We develop an incomplete information game that...
Persistent link: https://www.econbiz.de/10013079207
propagated abroad. In previous work, we built on the theory of rational bubbles to develop a framework to think about the origins …
Persistent link: https://www.econbiz.de/10013028542
, government spending, fiscal deficits, and redistribution …
Persistent link: https://www.econbiz.de/10013102600