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Management and a union bargain sequentilally, first choosing a contract which will later determine the level of employment, and then choosing a wage. The government then chooses an output subsidy, after which the industry chooses employment according to the contract. The presence of a natural...
Persistent link: https://www.econbiz.de/10005634329
L'existence d'une multiplicite de partitions regionales pertinentes, alliee a l'eparpillement grandissant des pouvoirs, rend les questions relatives au decoupage territorial et a la regionalisation intrinsequement difficiles. Si la dynamique spatiale des marches plaide en faveur de la definition...
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We study a selection method for a Nash feedback equilibrium of a one-dimensional linear-quadratic nonzero sum game over an infinite horizon: by introducing a change in the time variable, one obtains an associated game over a finite horizon T 0 and with free terminal state. This associated game...
Persistent link: https://www.econbiz.de/10005779618
This paper analyzes the macroeconomic effects of the patent system within the framework of an endogenous growth model with new products development. We assume that patents not only represent a commercial protection for innovators but also entail a partial property right on information.
Persistent link: https://www.econbiz.de/10005779637
This paper addresses the issue of optimal population with two concerns: avoiding both the absolute repugnant solution that amounts to giving to an infinite number an infinitesimal amount and the marginal repugnant solution in which equilibrium consumption decreases with income. To avoid these...
Persistent link: https://www.econbiz.de/10005779671
This paper examines the pattern of capital mobility in a two-country overlapping generations world in which production uses three inputs capital, labor and land. The steady-state welfare consequences of opening countries to financial capital or labor mobility are then compared. In particular, it...
Persistent link: https://www.econbiz.de/10005779674
Nous donnons un exemple de jeu differentiel en horizon fini possedant une multiplicite d'equilibres de Nash et donnons un critere permettant de selectionner l'un d'entre eux en utilisant un jeu associe en horizon fini.
Persistent link: https://www.econbiz.de/10005779685