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In this paper, we provide a theoretical framework for exploring the consequences of neighborhood informational effects - identified as role models - so as to deduce the urban configuration. With this aim, we have developed an overlapping generations model of community formation. When young, an...
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This paper examines whether reputation concerns can induce the central bank to implement the time-inconsistent optimal … to the possible inflation bias; second, it enables us to model more satisfactorily the reputation of the central bank by …
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