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Given the framework introduced by Dutta and Sen (2012), this paper offers a comprehensive analysis of (Nash) implementation with partially honest agents when there are three or more participants. First, it establishes a condition which is necessary and sufficient for implementation. Second, it...
Persistent link: https://www.econbiz.de/10011014400
本稿では、2013年のノーベル経済学賞を受賞した三人の研究者、ファーマ(Eugne F. Fama)、シラー(Robert J. Shiller)、ハンセン(Lars P. Hansen)の実証ファイナンスにおける功績を概観する。
Persistent link: https://www.econbiz.de/10011014401
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This paper examines the relationship between fiscal policy and regional business cycle fluctuations in Japan. In particular, we focus on the effects of “discretionary” changes in public investment, a portion of investment unrelated to the current state of macroeconomic circumstances. The...
Persistent link: https://www.econbiz.de/10011014403
This paper demonstrates that the bilateral equivalence between trade in value added (TiVA) and value added content of trade. TiVA, based on value added exports, which is proposed by Johnson-Noguera and OECD-WTO, measures origin country’s value added exports induced by each destination...
Persistent link: https://www.econbiz.de/10011014404
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Persistent link: https://www.econbiz.de/10011014406
The purpose of this paper is to examine the critical arguments made by Burmeister, Samuelson, and others, with respect to Sraffa (1960). Sraffa did not address these arguments, but they are relevant from the viewpoint of modern economic theories. In his arguments about the standard commodity,...
Persistent link: https://www.econbiz.de/10011014407