Showing 1 - 10 of 85
Persistent link: https://www.econbiz.de/10010487628
Persistent link: https://www.econbiz.de/10011498309
This chapter reviews recent experimental data testing game theory and behavioral models that have been inspired to explain those data. The models fall into four groups: in cognitive hierarchy or level- k models, the assumption of equilibrium is relaxed by assuming agents have beliefs about other...
Persistent link: https://www.econbiz.de/10014025449
alternate with expropriation in a limit cycle, decreasing efficiency and amplifying macroeconomic fluctuations. Long run …
Persistent link: https://www.econbiz.de/10010305643
This paper studies the effect of the firm-size distribution on the relationship between employment and output. We construct a theoretical model, which predicts that changes in demand for industry output have larger effects on employment in industries characterised by a distribution that is more...
Persistent link: https://www.econbiz.de/10011561853
This paper studies the effect of the firm-size distribution on the relationship between employment and output. We construct a theoretical model, which predicts that changes in demand for industry output have larger effects on employment in industries characterised by a distribution that is more...
Persistent link: https://www.econbiz.de/10011584686
This paper studies the effect of the firm-size distribution on the relationship between employment and output. We construct a theoretical model, which predicts that changes in demand for industry output have larger effects on employment in industries characterised by a distribution that is more...
Persistent link: https://www.econbiz.de/10011917018
" or "exogenous" fluctuations. The recent crisis seems to indicate that exogenous remedies have been applied to endogenous … fluctuations. … price fluctuations are the consequence of small supply fluctuations magnified by a rigid demand. But there exists two …
Persistent link: https://www.econbiz.de/10009445748
efficiency and amplifying macroeconomic fluctuations, depends on social mobility, initial inequality, and the mismatch between …
Persistent link: https://www.econbiz.de/10010270170
standard theories of output fluctuations. Second, to isolate the one-way impact of financial integration on output co …
Persistent link: https://www.econbiz.de/10010273687