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Bradford, David F. - 1999

between private and public supply that may often overlap with the decision whether to adopt a voucher program …

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

Indeterminacy in a Forward Looking Regime Switching Model

Farmer, Roger E. A. - 2006

This paper is about the properties of Markov switching rational expectations (MSRE) models. We present a simple monetary policy model that switches between two regimes with known transition probabilities. The first regime, treated in isolation, has a unique determinate rational expectations...

Persistent link: https://www.econbiz.de/10012466125

What Drives the Disposition Effect? An Analysis of a Long-Standing Preference-Based Explanation

Barberis, Nicholas - 2006

explanation for this puzzle is based on prospect theory. Despite its prominence, this explanation has received little formal … scrutiny. We take up this task, and analyze the trading behavior of investors with prospect theory preferences. We find that …, at least for the simplest implementation of prospect theory, the link between these preferences and the disposition …

Persistent link: https://www.econbiz.de/10012466268

Evaluating Welfare with Nonlinear Prices

Reiss, Peter C. - 2006

This paper examines how to evaluate consumer welfare when consumers face nonlinear prices. This problem arises in many settings, such as devising optimal pricing strategies for firms, assessing how price discrimination affects consumers, and evaluating the efficiency costs of many transfer...

Persistent link: https://www.econbiz.de/10012466295

Financial Constraints, Asset Tangibility, and Corporate Investment

Almeida, Heitor - 2006

between capital spending and cash flows is non-monotonic in the firm's asset tangibility. Our theory allows us to use a …

Persistent link: https://www.econbiz.de/10012466582

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