Narrow search
Showing 1 - 10 of 6,370
Cover Image
A Conic Algorithm for the Group Minimization Problem
Simeone, Bruno - 2021
A new algorithm for the group minimization problem (GP) is proposed. The algorithm can be broadly described as follows …-known algorithm of Glover, and checked for non-negativity. The first non-negative point is an optimal solution of (GP). Advantages and … disadvantages of the algorithm are discussed; in particular, the implementation of the algorithm (which can be easily extended so as …
Persistent link: https://www.econbiz.de/10013224215
Cover Image
Parameter Learning in General Equilibrium : The Asset Pricing Implications
Collin-Dufresne, Pierre - 2013
Parameter learning strongly amplifies the impact of macro shocks on marginal utility when the representative agent has a preference for early resolution of uncertainty. This occurs as rational belief updating generates subjective long-run consumption risks. We consider general equilibrium models...
Persistent link: https://www.econbiz.de/10013071899
Cover Image
Cycles of Distrust : An Economic Model
Acemoglu, Daron - 2012
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
Cover Image
Per-Capita Income as a Determinant of International Trade and Environmental Policies
Markusen, James R. - 2013
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
Cover Image
On the Theory of Ethnic Conflict
Caselli, Francesco; Coleman, Wilbur John - 2021
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
Cover Image
Linear Social Interactions Models
Blume, Lawrence E. - 2013
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
Cover Image
The International Transmission of Credit Bubbles : Theory and Policy
Ventura, Jaume - 2015
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
Cover Image
An Economic Approach to Regulating Algorithms
Rambachan, Ashesh; Kleinberg, Jon; Mullainathan, Sendhil; … - 2022
algorithm herself, her equity preference has no effect on the training procedure. So long as the data, however biased, contain … signal, they will be used and the learning algorithm will be the same. Equity preferences alone provide no reason to alter …
Persistent link: https://www.econbiz.de/10013307510
Cover Image
Fiscal Limits in Advanced Economies
Leeper, Eric M. - 2011
Aging populations in advanced economies are placing ever-increasing demands on government spending in the form of old-age benefits. Economies that have promised substantially more benefits than they have made provision to finance are heading into a prolonged era of fiscal stress. Unresolved...
Persistent link: https://www.econbiz.de/10013129132
Cover Image
Investors' and Central Bank's Uncertainty Embedded in Index Options
David, Alexander - 2011
Shocks to equity options' ATM implied volatility (ATMIV) are followed by persistently lower short-term rates. Shocks to the ratio of OTM puts' over OTM calls' implied volatilities (P/C) are followed by persistently higher rates. The stock's and Treasury-bond's ATMIV indices, which measure market...
Persistent link: https://www.econbiz.de/10013130555