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Giannoni, Marc Paolo; Woodford, Michael - 2002

Persistent link: https://www.econbiz.de/10001731309

Strategic Trade, Competitive Industries and Agricultural Trade Disputes

Bagwell, Kyle - 2000

The primary predictions of strategic-trade theory are not restricted to imperfectly-competitive markets. Indeed, these … predictions emerge in a natural three-country extension of the traditional theory of trade policy in competitive markets, once the … theory is augmented to allow for politically-motivated governments, so that the sign of export policy may be converted from …

Persistent link: https://www.econbiz.de/10012470921

The Tenuous Tradeoff Between Risk and Incentives

Prendergast, Canice - 2000

Empirical work testing for a negative tradeoff between risk and incentives, a cornerstone of agency theory, has not had …

Persistent link: https://www.econbiz.de/10012470935

Elderly Asset Management and Health : An Empirical Analysis

Feinstein, Jonathan S. - 2000

We present models of asset management by the elderly. We focus on saving, spend-down of assets, and gift-giving, and the influence of health on these precesses. We also study the evolution of elderly health and the impact of economic variables on health outcomes. We present results from...

Persistent link: https://www.econbiz.de/10012470936

Firm Value, Risk, and Growth Opportunities

Shin, Hyun-Han - 2000

We show that Tobin's q, as proxied by the ratio of the firm's market value to its book value, increases with the firm's systematic equity risk and falls with the firm's unsystematic equity risk. Further, an increase in the firm's total equity risk is associated with a fall in q. The negative...

Persistent link: https://www.econbiz.de/10012470942

Evolving Standards for Academic Publishing : A q-r Theory

Ellison, Glenn - 2000

This paper develops a model of evolving standards for academic publishing. It is motivated by the increasing tendency of academic journals to require multiple revisions of articles and by changes in the content of articles. Papers are modeled as varying along two quality dimensions: q and r. The...

Persistent link: https://www.econbiz.de/10012470945

Collective Choice and Voluntary Provision of Public Goods

Epple, Dennis - 2000

Some public goods are provided entirely with private contributions, others with a mixture of public and private funding, and still others are entirely publicly funded. To explain this variation, a model of dual provision is developed that endogenizes public and private funding. Members of the...

Persistent link: https://www.econbiz.de/10012470948

Technical Change, Inequality, and the Labor Market

Acemoglu, Daron - 2000

This essay discusses the effect of technical change on wage inequality. I argue that the behavior of wages and returns to schooling indicates that technical change has been skill-biased during the past sixty years. Furthermore, the recent increase in inequality is most likely due to an...

Persistent link: https://www.econbiz.de/10012470950

Winning Isn't Everything : Corruption in Sumo Wrestling

Duggan, Mark - 2000

Although the theoretical literature on corruption is well developed, empirical work in this area has lagged because it has proven difficult to isolate corrupt behavior in the data. In this paper, we look for evidence of corruption in an unlikely place: the highest echelons of Japanese sumo...

Persistent link: https://www.econbiz.de/10012470952

On the Gains to International Trade in Risky Financial Assets

Davis, Steven J. - 2000

This paper develops and implements a framework for quantifying the gains to international trade in risky financial assets. The framework can handle may agents, many assets, incomplete markets and limited participation in asset markets. It delivers closed-form analytic solutions for consumption,...

Persistent link: https://www.econbiz.de/10012470954