technologies. Equilibrium extraction is too large and comes too early for public resources, but the opposite is true for private …

can withdraw from the market after initial contract offers have been observed. We show that a subgame perfect equilibrium … always exists and that, in fact, when withdrawal is costless, the set of subgame perfect equilibrium outcomes may correspond … robust equilibrium outcome of our game. This outcome is always constrained efficient and involves cross-subsidization from …

sustainable equilibrium, distortions to production emerge and never disappear even in the long run. This result is driven by the … sufficiently large, there is equilibrium turnover in the long run so that political cycles never disappear. Finally, our model …

is used one quarter of the time. A choice-theoretic general equilibrium search model is constructed to analyze the … equilibrium effects that are typically absent in epidemiological studies and small-scale field experiments. For some interventions …

of regulation in a labor market with heterogeneous workers and jobs. To achieve this we develop an equilibrium model of … wage determination and employment which extends the current literature on equilibrium wage determination with matching and …

We present and empirically implement an equilibrium labor market search model where risk averse workers facing medical … evaluate the equilibrium impact of the 2010 Affordable Care Act (ACA) and find that it would reduce the uninsured rate among … the roles of different components of the ACA in contributing to these equilibrium changes. Interestingly, we find that the …

an indeterminate general equilibrium, with business cycles driven by self-fulfilling fluctuations in the manager …