We assess the effects of rise in minimum wages on hygiene violation scores in food service establishments. Using a difference-in-difference analysis on hygiene rating of food establishments in Seattle [where minimum wage increased annually between 2010 and 2013] as the treated group and from New...

We study Asynchronous Stochastic Dynamic Models in which a single agent chooses in each period and examine the existence of Markov-perfect equilibrium in these models. We show that if the models are stochastic then a pure strategy Markov-perfect equilibrium exists for a finite horizon game. For...

We show that the set of competitive equilibrium points of a pure exchange economy are the equilibrium points of a broader class of better-response demands than the usual utility-maximizing demand functions. The better-response demands are derived from assigning weights to all commodity bundles...