Narrow search
Showing 1 - 10 of 8,164
Cover Image
A risk map of markups : why we observe mixed behaviors of markups
Kim, Seonghoon; Moon, Seongman - 2014
Persistent link: https://www.econbiz.de/10011287261
Cover Image
Markups as a hedge for input price uncertainty: evidence from Sweden
Agrawal, Sneha; Gaurav, Abhishek; Suveg, Melinda - 2021
factor prices has a positive effect on markups. We show theoretically that firms with higher shares of inputs with volatile … prices set higher markups. We use the Bartik shift-share approach to empirically test whether firms which use more oil … relative to other inputs set higher markups when oil prices are more volatile. Our estimates imply that a one standard …
Persistent link: https://www.econbiz.de/10012695355
Cover Image
Stability, chaos and multiple attractors: A single agent makes a difference
Onozaki, Tamotsu; Sieg, Gernot; Yokoo, Masanori - 2001
This paper provides an example in which a slight behavioral heterogeneity may fundamentally change the qualitative properties of a nonlinear cobweb market with a quadratic cost function and an isoelastic demand function. We consider two types of producers; adaptive and naive. In a market of...
Persistent link: https://www.econbiz.de/10010322049
Cover Image
The effect of solvency regulations and accounting standards on long-term investing : implications for insurers and pension funds
Severinson, Clara; Yermo, Juan - 2012
This report reviews recent as well as planned changes to accounting and solvency regulations affecting insurers and pension funds and how they may impact long-term investing by these institutions. The review of existing evidence focuses mainly on the impact of risk-based solvency requirements,...
Persistent link: https://www.econbiz.de/10009684014
Cover Image
Revisiting the Labor Hoarding Employment Demand Model : An Economic Order Quantity Model of Labor Hoarding
Platt, Harlan D. - 2012
The labor studies literature has for many years accepted the labor hording theory. That theory derives from Journal of Financial Transformation seminal work by Oi (1962), Miller (1971), and Fair (1985). These studies argue that as a result of the absolute cost of hiring and training certain...
Persistent link: https://www.econbiz.de/10013116387
Cover Image
Shopping Externalities and Self-Fulfilling Unemployment Fluctuations
Kaplan, Greg - 2012
We propose a novel theory of self-fulfilling fluctuations in the labor market. A firm employing an additional worker generates positive externalities on other firms, because employed workers have more income to spend and have less time to shop for low prices than unemployed workers. We quantify...
Persistent link: https://www.econbiz.de/10013096628
Cover Image
Towards a Multi-Avatar Macroeconomic System
Giulioni, Gianfranco - 2013
In this paper we provide a prototype Multi-Agent macroeconomic system where artificial agents' behavioral rules are calibrated using human behaviors. The artificial representation of humans, i.e. "molded'' avatars, derives from a two steps process. The first step consists in performing...
Persistent link: https://www.econbiz.de/10013084355
Cover Image
Which Workers Get Insurance within the Firm?
Lagakos, David - 2013
Industry-level time series data suggest that low-skilled workers get less insurance within the firm than high-skilled workers. In particular, wages respond relatively more to productivity shocks in low-skilled industries than high-skilled industries. Our theory is that low-skilled workers get...
Persistent link: https://www.econbiz.de/10013091742
Cover Image
Modeling Extreme Instability
Annable, James - 2015
We construct a coherent theory of extreme macro instability, an important macro phenomenon most recently experienced in the United States in 2008-09. The model is then used to identify significant policymaking lessons from the Great Recession. The analysis is part of the ongoing GEM Project that...
Persistent link: https://www.econbiz.de/10013014393
Cover Image
A Forest Fire Theory of the Duration of a Boom and the Size of a Subsequent Bust
Jackson, Matthew O. - 2019
We show that, in a large class of models, market frictions lead to predictable dynamic patterns of the acquisition and subsequent shedding of inputs by firms. The logic is as follows. During high demand and expansionary periods, firms that fail to have inputs (machinery, labor, space, credit) in...
Persistent link: https://www.econbiz.de/10012905345