Showing 1 - 10 of 890
Persistent link: https://www.econbiz.de/10012320571
Persistent link: https://www.econbiz.de/10011632053
Persistent link: https://www.econbiz.de/10011686460
Persistent link: https://www.econbiz.de/10014248803
Persistent link: https://www.econbiz.de/10011721893
Most dynamic stochastic general equilibrium models of the macroeconomy assume that labor is traded in a spot market. Two exceptions by David Andolfatto and Monika Merz combine a two-sided search model with a one-sector real business cycle model. These hybrid models are successful, in some...
Persistent link: https://www.econbiz.de/10012778264
Most dynamic stochastic general equilibrium models of the macroeconomy assume that labor is traded in a spot market. Two exceptions by David Andolfatto and Monika Merz combine a two-sided search model with a one-sector real business cycle model. These hybrid models are successful, in some...
Persistent link: https://www.econbiz.de/10012466078
Persistent link: https://www.econbiz.de/10011572852
We consider a variant of the Tullock rent-seeking contest. Under symmetric information we determine equilibrium … private and complete information. Yet, under additional assumptions, rent dissipation is still smaller in the latter settings …. Numerical examples illustrate that there is no general ranking between private and complete information. The results depend on …
Persistent link: https://www.econbiz.de/10003950459
Persistent link: https://www.econbiz.de/10011285005