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In this work, we use the VAR and space-state methodology to analyze how the recent developments in 20 European countries have modified the dynamics of structural shocks. Our results confirm a visible progress in (predominated output fluctuations) supply shocks convergence between the CEECs and...
Persistent link: https://www.econbiz.de/10005002525
This paper shows that internationalized production, modelled as trade in inter- mediate goods, challenges the standard result according to which exchange rate volatility insulates small open economies from external shocks. Movements of relative prices aect the economy through an additional...
Persistent link: https://www.econbiz.de/10005002526
In his 1971's Dynamic Models of Segregation paper, the economist Thomas C. Schelling showed that a small preference for … deepening the understanding of the properties of dynamic models of segregation based on Schelling's hypotheses. Its main … level of tax is sufficient under certain circumstances to significantly reduce segregation. We then investigate the effect …
Persistent link: https://www.econbiz.de/10005004754
We propose an analytical solution to a Schelling segregation model for a relatively broad range of utility functions … being therefore maximized in stationary configurations; (ii) Schelling's original utility function is shown to drive … segregation at the expense of collective utility; (iii) if agents have a strict preference for mixed neighborhoods but also prefer …
Persistent link: https://www.econbiz.de/10010577636
We propose an analytical resolution of Schelling segregation model for a general class of utility functions. Using … Schelling model and the Duncan and Duncan segregation index. … model for three utility functions corresponding to different degrees of preference for mixed neighborhoods. Schelling …
Persistent link: https://www.econbiz.de/10008460677
In his 1971's Dynamic Models of Segregation paper, the economist Thomas C. Schelling showed that a small preference for … deepening the understanding of the properties of dynamic models of segregation based on Schelling's hypotheses. Its main … level of tax is sufficient under certain circumstances to significantly reduce segregation. We then investigate the effect of …
Persistent link: https://www.econbiz.de/10008793080
Schelling (1969, 1971a,b, 1978) considered a simple model with individual agents who only care about the types of …. Schelling showed that an integrated society will generally unravel into a rather segregated one even though no individual agent … strictly prefers this. We make a first step to generalize the spatial proximity model to a proximity model of segregation. That …
Persistent link: https://www.econbiz.de/10010328574
We propose an analytical resolution of Schelling segregation model for a general class of utility functions. Using … Schelling model and the Duncan and Duncan segregation index … model for three utility functions corresponding to different degrees of preference for mixed neighborhoods. Schelling …
Persistent link: https://www.econbiz.de/10014193221
In his 1971’s Dynamic Models of Segregation paper, the economist Thomas C. Schelling showed that a small preference for … deepening the understanding of the properties of dynamic models of segregation based on Schelling’s hypotheses. Its main … level of tax is sufficient under certain circumstances to significantly reduce segregation. We then investigate the effect of …
Persistent link: https://www.econbiz.de/10014206123
Schelling (1969, 1971a,b, 1978) considered a simple proximity model of segregation where individual agents only care … one- or two-dimensional lattices. In this paper, we argue that segregation might occur not only in the geographical space … are well-described by small-world networks. We generalize Schelling's model by allowing agents to interact in small …
Persistent link: https://www.econbiz.de/10010328592