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Bradford, David F. - 1999

This paper aims to provide a swift tour of the economic issues presented by vouchers and thus to fill an apparent gap in the literature for a basic survey of the subject. Among the issues it considers are: factors determining a voucher's cash-equivalence; reasons (such as paternalism,...

Persistent link: https://www.econbiz.de/10012471705

Macroeconomic Analysis and Microeconomic Analyses of Labor Supply

Ashenfelter, Orley - 1984

This paper reports on the current status of the microeconomic research on labor supply behavior. The purpose is to direct attention to microeconomic research that may be helpful in the continuing evaluation of aggregate models designed to explain the dynamic behavior of wages, employment and...

Persistent link: https://www.econbiz.de/10012477586

The Microeconomics of Cryptocurrencies

Halaburda, Hanna - 2020

Since its launch in 2009 much has been written about Bitcoin, cryptocurrencies and blockchains. While the discussions initially took place mostly on blogs and other popular media, we now are witnessing the emergence of a growing body of rigorous academic research on these topics. By the nature...

Persistent link: https://www.econbiz.de/10012481332

Do Subsidies to Commercial R&D Reduce Market Failures? Microeconomic Evaluation Studies

Klette, Tor Jakob - 1999

A number of market failures have been associated with R&D investments and significant amounts of public money have been spent on programs to stimulate innovative activities. In this paper, we review some recent microeconomic studies evaluating effects of government sponsored commercial R&D. We...

Persistent link: https://www.econbiz.de/10012471860

A Sparsity-Based Model of Bounded Rationality

Gabaix, Xavier - 2011

This paper defines and analyzes a "sparse max" operator, which is a less than fully attentive and rational version of the traditional max operator. The agent builds (as economists do) a simplified model of the world which is sparse, considering only the variables of first-order importance. His...

Persistent link: https://www.econbiz.de/10012461746

Markups and Markdowns

Syverson, Chad - National Bureau of Economic Research - 2024

Interest in market power has recently surged among economists in many fields, well beyond its traditional home in industrial organization. This has focused empirical attention on markups, the ratios of price to marginal cost in product markets, and markdowns, the ratios of inputs' marginal...

Persistent link: https://www.econbiz.de/10015056198

Adjudication as a Private Good

Landes, William M. - 1978

theory of law, our finding that the public courts do not automatically generate efficient rules is disappointing, since it … strongly influenced by economic considerations and explicable in economic terms, is evidence that economic theory has a major …

Persistent link: https://www.econbiz.de/10012478886

Demand Estimation Under Incomplete Product Availability

Conlon, Christopher T. - 2008

Incomplete product availability is an important feature of many markets; ignoring changes in availability may bias …

Persistent link: https://www.econbiz.de/10012464336

Is Home Bias in Assets Related to Home Bias in Goods?

van Wincoop, Eric - 2006

Obstfeld and Rogoff (2000) have reinvigorated an old literature on the link between home bias in the goods market and … home bias in the asset market by arguing that trade costs in the goods market can account for the observed portfolio home … the implied home bias are close to zero, casting significant doubt on a meaningful link between home bias in the goods and …

Persistent link: https://www.econbiz.de/10012465932

Program Evaluation and Research Designs

DiNardo, John - 2010

This chapter provides a selective review of some contemporary approaches to program evaluation. One motivation for our review is the recent emergence and increasing use of a particular kind of "program" in applied microeconomic research, the so-called Regression Discontinuity (RD) Design of...

Persistent link: https://www.econbiz.de/10012462637

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