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"We develop an evolutionary game theory model for a limited access common pool resource. With full disclosure of …
Persistent link: https://www.econbiz.de/10009468354
first essay explores the implications of imperfect information on macroeconomic volatility. It offers a micro-founded theory …
Persistent link: https://www.econbiz.de/10009450717
My philosophical case study concerns textbook presentations of the theory of demand. Does this theory contain anything …. But then, the theory implies false factual claims. We can avoid this result by embracing the theory’s normative character … of physics by Oliver Timmer. Applying his ideas to the theory of demand reveals that the statements of this discipline …
Persistent link: https://www.econbiz.de/10009467037
reducing inequality. Educated workers in these countries have a much lower birth rate than uneducated workers. Assuming … incorporating this effect generates multiple stedy-state levels of inequality, suggesting that in some circumstances, temporarily … increasing access to educational opportunities could permanently reduce inequality. Empirical evidence suggests that the …
Persistent link: https://www.econbiz.de/10009471590
Tax estimation is a fundamental prerequisite for a sustainable fiscal policy. This paper uses the Georgian Household Survey and s simple microsimulation model in order to describe the household incomes in Georgia for the year 2005, their structure and regional distribution within eleven...
Persistent link: https://www.econbiz.de/10009449263
A new strand of literature has recently sought to investigate possible links between technological changes, observed modifications to firms' organizational structure and the evolution of the wage gap between skilled and unskilled workers. After a brief overview of such approaches, this essay...
Persistent link: https://www.econbiz.de/10009471673
ofinternational trade theory. Focusing on general equilibrium frameworks stems from the insight that economicinternationalisation in … market issues established by human capital theory with the general equilibrium-leddebate on trade and the functional … ofinternational trade theory. Focusing on general equilibrium frameworks stems from the insight that economicinternationalisation in …
Persistent link: https://www.econbiz.de/10009471731
individual rationality of those extracting the resource and the lack of private or state ownership of the resource would drive …
Persistent link: https://www.econbiz.de/10009468435
between income inequality and redistribution. Then, it introducesthree specifications to endogenize ERI. In these various … common element in these variousspecifications. While income inequality increases the pressure for redistribution it … empirical evidencefor a positive relationship between income inequality and redistribution.The second substantive essay …
Persistent link: https://www.econbiz.de/10009450851
In the first chapter, I develop and estimate a dynamic general equilibrium model with imperfectly informed firms in the sense of Woodford (2002). The model has two aggregate shocks: a monetary policy shock and a technology shock. Firms observe idiosyncratic noisy signals about these shocks and...
Persistent link: https://www.econbiz.de/10009438812