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Optimal bailout during currency and financial crises: A sequential game analysis

Mundaca, Gabriela - 2002

the last stage. This shock will affect unemployment and net returns on private sector investment. The private sector in …

Persistent link: https://www.econbiz.de/10010284400

On the sustainable program in solow's model

Withagen, Cees; Asheim, Geir B.; Buchholz, Wolfgang - 2002

We show that our general result (Withagen and Asheim [8]) on the converse of Hartwick’s rule also applies for the special case of Solow’s model with one capital good and one exhaustible resource. Hence, the criticism by Cairns and Yang [1] of our paper is unfounded.

Persistent link: https://www.econbiz.de/10010284401

Monetary policy and nominal rigidities under low inflation

Holden, Steinar - 2001

nominal wages have to be cut, worker’s stronger bargaining position requires higher unemployment in equilibrium. The upshot is … a long run trade off between inflation and unemployment for low levels of inflation. The prediction that low inflation … involves higher unemployment in Europe but not in the US is consistent with previous empirical findings. …

Persistent link: https://www.econbiz.de/10010284410

Risk externalities in a payments oligopoly

Nilssen, Tore - 2000

This paper discusses an oligopoly where firms exert negative externalities upon each other. A theoretical model is developed for a market where these externalities are particularly relevant: the intra-day credit market, which is crucial for the operation of an efficient payments system. A...

Persistent link: https://www.econbiz.de/10010284411

Genetic testing when there is a mix of public and private health insurance

Hoel, Michael; Iversen, Tor - 2000

Genetic insurance can deal with the negative effects of genetic testing on insurance coverage and income distribution when the insurer has access to information about test status. Hence, efficient testing is promoted. When information about prevention and test status is private, two types of...

Persistent link: https://www.econbiz.de/10010284415

A note on inflation persistence

Holden, Steinar; Driscoll, John C. - 2001

past real wages, e.g. because unemployment insurance depends on past wages, as noted in Blanchard and Katz (1999 …

Persistent link: https://www.econbiz.de/10010284416

Genetic testing and repulsion from chance

Hoel, Michael; Iversen, Tor; Nilssen, Tore; Vislie, Jon - 2003

A central theme in the international debate on genetic testing concerns the extent to which insurance companies should be allowed to use genetic information in their design of insurance contracts. We analyze this issue within a model with the following important feature: A person’s well-being...

Persistent link: https://www.econbiz.de/10010284417

On the origins of data envelopment analysis

Førsund, Finn R.; Sarafoglou, Nikias - 2000

The concept “Data Envelopment Analysis” (DEA) was introduced in the journal literature by the highly influential 1978 paper of Charnes, Cooper, and Rhodes. In the subsequent literature the development of research leading up to this paper tended to be forgotten. However, studying this...

Persistent link: https://www.econbiz.de/10010284426

Justifying sustainability

Asheim, Geir B.; Buchholz, Wolfgang; Tungodden, Bertil - 1999

In the framework of ethical social choice theory, sustainability is justified by Efficiency and Equity as ethical …

Persistent link: https://www.econbiz.de/10010284427

The role of warnings in regulation: Keeping control with less punishment

Nyborg, Karine; Telle, Kjetil - 2003

Regulatory agencies frequently present violators with warnings, not pursuing prosecution if the violation ceases upon receipt of the warning. We show how such warnings may help regulators to keep control: Prosecution is costly for the regulator, and insu.cient prosecution e.orts yield low...

Persistent link: https://www.econbiz.de/10010284432