Showing 51 - 60 of 214
Professor Christopher Pissarides was awarded the 2010 Nobel Prize in Economics jointly with Peter Diamond and Dale Mortensen ‘for their analysis of markets with search frictions’. Though Pissarides is best known for his work in this area, it is only part of a very extensive research agenda...
Persistent link: https://www.econbiz.de/10009364192
Recent events have led to a renewed effort to understand the nature of cyclical fluctuations in the price and quantity of new investment in housing. This paper provides a brief summary of the existing literature modelling housing and the business cycle.
Persistent link: https://www.econbiz.de/10009395619
Elinor Ostrom, a recipient of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2009, had a foundational contribution to the Public Choice movement and to the rise of the new institutionalism and has been a key figure in the resurgence of political economy. Her studies...
Persistent link: https://www.econbiz.de/10009395620
Solow's method of decomposing the growth in aggregate output into that part due to growth in inputs and that part due to technological progress has become the standard method for measuring technological progress, or growth in total factor productivity. This contribution outlines the method and...
Persistent link: https://www.econbiz.de/10009395621
Gasoline retail markets have traditionally attracted a lot of attention from researchers and policy makers. This entry reviews a set of questions studied by Industrial Organisation (IO) economists related to this market. The discussion is organised around three themes. The first reviews papers...
Persistent link: https://www.econbiz.de/10009395622
This entry describes housing wealth and the role it plays in household finance.
Persistent link: https://www.econbiz.de/10009395623
An account is given of the principal concepts and results of general equilibrium with incomplete financial markets over a finite horizon, focusing on the generic existence, suboptimality and determinacy of equilibrium. Many results depend on the nature of the financial securities, whether they...
Persistent link: https://www.econbiz.de/10009395624
Marital institutions are rules governing marriages and divorces. Most work to date has focused on unilateral and no-fault divorce reforms. Theoretical discussions generally hinge on the applicability of the Coase theorem. Empirical evidence is mixed, but generally indicates that those reforms...
Persistent link: https://www.econbiz.de/10009395625
A central objective of studies of peer effects in education production is to determine whether certain groupings of students can improve academic achievement. This article describes the challenges associated with identifying peer effects in education production and some solutions offered by the...
Persistent link: https://www.econbiz.de/10009395626
Covered Interest Parity describes an idealised situation in foreign exchange markets in which the interest rates on assets differing only in the currency of denomination will be equal. This article describes the theoretical assumptions under which CIP holds and the evidence for CIP in practice.
Persistent link: https://www.econbiz.de/10009395627