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Bargaining over Taxes and Entitlements in the Era of Unequal Growth
Azzimonti, Marina; Karpuska, Laura; Mihalache, Gabriel - National Bureau of Economic Research - 2022
Entitlement programs have become an increasing component of total government spending in the US over the last six decades. To some observers, this growth of the welfare state is excessive and unwarranted. To others, it is a welcome counter-acting force to the rapid increase in income inequality....
Persistent link: https://www.econbiz.de/10013210072
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Simplicity and Explanation in the Economic Theory (Sencillez y Explicación en la Teoría Económica) (Spanish)
Estrada, Fernando - 2010
The present paper, following the philosophical work of Robert Nozick, intends to develop the approach of simplicity in the economic investigation. This purpose contributes to structure a heuristic for projects of investigation that can serve like mark of discussion of grade projects in the...
Persistent link: https://www.econbiz.de/10013147842
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Contagion through learning
Steiner, Jakub; Stewart, Colin - In: Theoretical economics : TE ; an open access journal in … 3 (2008) 4, pp. 431-458
We study learning in a large class of complete information normal form games. Players continually face new strategic situations and must form beliefs by extrapolation from similar past situations. We characterize the long-run outcomes of learning in terms of iterated dominance in a related...
Persistent link: https://www.econbiz.de/10011700119
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Economics : an emerging small world?
Goyal, Sanjeev; Leij, Marco van der; Moraga-González, … - 2004
component - covering only 15% of the population. However, by the 1990's economics was much more integrated, with the giant …, leading us to conclude that economics is an emerging small world. A crucial stable feature of the network over this period is … themselves). The world of economics is thus a collection of inter-linked stars. We also find that a growth in the average number …
Persistent link: https://www.econbiz.de/10011603155
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Economics : an emerging small world?
Goyal, Sanjeev; Leij, Marco van der; Moraga-González, … - 2004
Persistent link: https://www.econbiz.de/10002343512
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Transaction cost and the theory of games : the "prisoners' dilemma" as an example
Li, Junhui - In: Man and the economy 7 (2020) 1, pp. 1-16
Persistent link: https://www.econbiz.de/10012300599
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Empirical models of imperfect competition : a discussion
Einav, Liran (contributor); Nevo, Aviv (contributor) - 2006
Persistent link: https://www.econbiz.de/10003742957
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Sick pay provision in experimental labor markets
Dürsch, Peter; Oechssler, Joerg; Vadovič, Radovan - 2008
Sick pay is a common provision in most labor contracts. This paper employs an experimental gift-exchange environment to explore two related questions using both managers and undergraduates as subjects. First, do workers reciprocate sick pay in the same way as they reciprocate wage payments?...
Persistent link: https://www.econbiz.de/10003770700
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Strategic voting over strategic proposals
Bond, Philip (contributor); Eraslan, Hülya (contributor) - 2008
Prior research on "strategic voting" has reached the conclusion that unanimity rule is uniquely bad: it results in destruction of information, and hence makes voters worse off. We show that this conclusion depends critically on the assumption that the issue being voted on is exogenous, i.e.,...
Persistent link: https://www.econbiz.de/10003787573
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Information dynamics and equilibrium multiplicity in global games of regime change
Angeletos, Marios (contributor);  … - 2004
Global games of regime change that is, coordination games of incomplete information in which a status quo is abandoned once a sufficiently large fraction of agents attacks it have been used to study crises phenomena such as currency attacks, bank runs, debt crises, and political change. We...
Persistent link: https://www.econbiz.de/10003779212