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Assessing general and partial equilibrium simulations of Doha round outcomes using meta-analysis

Hess, Sebastian; von Cramon-Taubadel, Stephan - 2007

. However, simulation results seem to exhibit significant variation across publications, and the often criticised ‘black box …’ character of applied trade models makes meaningful comparisons of simulation results very difficult. As a potential remedy, this … paper presents a meta-analysis of simulation-based Doha round publications. The meta-regression explains simulated welfare …

Persistent link: https://www.econbiz.de/10010300178

When inefficiency begets efficiency

Gersbach, Hans; Haller, Hans - 2003

Collective consumption decisions taken by the members of a household may prove inefficient. The impact of such inefficient household decisions on market performance is investigated. At one extreme, market efficiency can occur even when household decisions are inefficient, namely when household...

Persistent link: https://www.econbiz.de/10010292768

Policy Risk and the Business Cycle

Born, Benjamin; Peifer, Johannes - 2011

The argument that policy risk, i.e. uncertainty about monetary and fiscal policy, has been holding back the economic recovery in the U.S. during the Great Recession has a large popular appeal. We analyze the role of policy risk in explaining business cycle fluctuations by using an estimated New...

Persistent link: https://www.econbiz.de/10010293363

The road less travelled: Oligopoly and competition policy in general equilibrium

Neary, J. Peter - 2002

I review previous approaches to modelling oligopoly in general equilibrium, and propose a new view which in principle overcomes their deficiencies: modelling firms as large in their own market but small in the economy as a whole. Implementing this approach requires a tractable specification of...

Persistent link: https://www.econbiz.de/10010293767

A theory of migration as a response to occupational stigma

Stark, Oded; Fan, C.Simon - 2010

A theory is developed of labor migration that is prompted by a desire to avoid social humiliation. In a general …

Persistent link: https://www.econbiz.de/10010294009

Testing the Modigliani-Miller theorem directly in the lab: a general equilibrium approach

Qiu, Jianying; Mahagaonkar, Prashanth - 2009

In this paper, we directly test the Modigliani-Miller theorem in the lab. Applying a general equilibrium approach and not allowing for arbitrage among firms with different capital structures, we are able to address this issue without making any assumptions about individuals' risk attitudes and...

Persistent link: https://www.econbiz.de/10010294759

International Trade, Flexible Manufacturing and Outsourcing

Eckel, Carsten - 2005

This study analyzes the impact of international trade on the diffusion of flexible manufacturing in a general equilibrium framework. Suppliers produce a flexible base product that can be adapted to the specific input requirements of a continuum of downstream industries. The vertical structure is...

Persistent link: https://www.econbiz.de/10010296394

Bridging Economic Theory Models and the Cointegrated Vector Autoregressive Model

Møller, Niels Framroze - In: Economics: The Open-Access, Open-Assessment E-Journal 2 (2008) 2008-36, pp. 1-29

Examples of simple economic theory models are analyzed as restrictions on the Cointegrated VAR (CVAR). This establishes …

Persistent link: https://www.econbiz.de/10010298620

Monopoly innovation and welfare effects

Yao, Shuntian; Gan, Lydia - In: Economics: The Open-Access, Open-Assessment E-Journal 4 (2010) 2010-27, pp. 1-21

In this paper we study the welfare effect of a monopoly innovation. Unlike many partial equilibrium models carried out in previous studies, general equilibrium models are constructed and analyzed in greater detail. We discover that technical innovation carried out by a monopolist could...

Persistent link: https://www.econbiz.de/10010302705

Socially Responsible Investment in General Equilibrium

Beltratti, Andrea - 2003

Socially responsible investment in analyzed in a general equilibrium context. This is important in order to understand the ultimate consequences of SRI on the decisions of economic agents. Building on models by Brock (1982) and Merton (1987), SRI is modelled as the choice to voluntarily give up...

Persistent link: https://www.econbiz.de/10011325126

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