Showing 1 - 10 of 14,142
Sozialkapital wird definiert als geteiltes Wissen, Vertrauen und gemeinsame Kultur, eingebettet in Netzwerkstrukturen … und andere stabile Beziehungen zwischen Agenten. Es hat sich gezeigt, dass Sozialkapital schwieriger aufzubauen ist als … ökonomisches Kapital und dass es größere Auswirkungen auf die Gemeinschaft als Ganzes hat. Die Relevanz des Sozialkapital …
Persistent link: https://www.econbiz.de/10010299417
Labor market integration raises welfare in the absence of distortions. This paper examines labor and goods market integration in a general equilibrium model with social capital. The findings are: i) labor market integration has an ambiguous impact on welfare, and raises it if the goods produced...
Persistent link: https://www.econbiz.de/10010261794
This paper examines the welfare implications associated with different degrees of diversity or similarity between migrants and natives under both migration and trade. We use a general equilibrium model of migration, human capital and social capital and find that there are three equilibrium...
Persistent link: https://www.econbiz.de/10010262028
This paper models the dynamic process through which a large society may succeed in building up its "social capital" by establishing a stable and dense pattern of interaction among its members. In the model, agents interact according to a collection of infinitely repeated Prisoner's Dilemmas...
Persistent link: https://www.econbiz.de/10011325082
Theory), Ben Fine consolidates his position as the world's leading critic of the concept. Fine forcibly demonstrates how …: a McDonaldisation of social theory. The rise and fall of social capital at the World Bank is critically explained as is …
Persistent link: https://www.econbiz.de/10011903334
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
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
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 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
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