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actions is perfect (perfect monitoring), noisy but public (public monitoring), and noisy and private (private monitoring). We … treatments. Specifically, we observe that the strategies are more complex under public and private monitoring than under perfect … forgiving than under public monitoring. …
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location also benefit from a public good that enhances their productivity. The model predicts that in the competitive … positive effect of public goods in urban production. …
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The existence of equilibrium is a test of the internal consistency of an economic model. In any model with domestic moneys and dividend-yielding assets, the first question is: will money be dominated by assets in equilibrium? In cash-in-advance models domestic moneys always have positive...
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In the first chapter, we consider the logistic regression model with an integrated regressor. In particular, we derive the limit distributions of the nonlinear least squares (NLS) estimators and their t-ratios. It is shown that the NLS estimators are generally not efficient. Moreover, the...
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This dissertation includes three essays on decision-making by boundedly rational economic agents. The first essay deals with decision-making by firms where decision-making is costly. The other two essays deal with decision-making by individuals. Taken together, the last two argue that...
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