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We analyze the limit behavior of sequences of oligopolistic equilibria in which firms follow objectives consistent with their shareholders' interests. We show that convergence to a competitive outcome may fail for some distributions of firms' shares across consumers, and provide a...
Persistent link: https://www.econbiz.de/10013080270
The purpose of this study is to estimate the effects of Real Effective Exchange Rate (REER) on Sudan trade balance (TB). The present situation is confusing for all in Sudan with discrepancies in market effective foreign currencies and government declared prices. For example, one US$ in the...
Persistent link: https://www.econbiz.de/10014041198
Persistent link: https://www.econbiz.de/10011632221
As COVID-19 continues to wreak havoc across the world, researchers are attempting to quantify the economic fallout from the pandemic as it continues to unfold. Estimating the economic impacts of a prevailing pandemic is fraught with uncertainties about the epidemiology of the disease and the...
Persistent link: https://www.econbiz.de/10012241326
This chapter reviews and synthesizes our current understanding of the shocks that drive economic fluctuations. The chapter begins with an illustration of the problem of identifying macroeconomic shocks, followed by an overview of the many recent innovations for identifying shocks. It then...
Persistent link: https://www.econbiz.de/10014024291
identification is presented and applied to clearly formulated choice models used to evaluate social programs. …
Persistent link: https://www.econbiz.de/10014024945
identification of government spending shocks. …
Persistent link: https://www.econbiz.de/10013554877
We develop a method that identifies the effects of nationwide policy, i.e., policy implemented across all regions at the same time. The core idea is to track outcome paths in terms of stages rather than time, where a stage of a regional outcome at time t is its location on the support of a...
Persistent link: https://www.econbiz.de/10014389074
We develop a method that identifies the effects of nationwide policy, i.e., policy implemented across all regions at the same time. The core idea is to track outcome paths in terms of stages rather than time, where a stage of a regional outcome at time t is its location on the support of a...
Persistent link: https://www.econbiz.de/10014393197
Persistent link: https://www.econbiz.de/10014428471