Showing 41 - 50 of 228
This note establishes that two propositions in the theory of private common agency by Laussel and Le Breton (2001, J. Econ. Theory 100, 93-128) extend to a larger class of games, in which each principal’s gross monetary payoff does not depend exclusively on the quantities she receives. A new...
Persistent link: https://www.econbiz.de/10005489859
This paper provides the first study on the impact of noise barriers on the price of adjacent houses based on a repeat sale analysis (RSA), arguably the best methodology to address this question. Essentially, a repeat sale analysis examines the differential between the prices of houses sold...
Persistent link: https://www.econbiz.de/10005489860
We study the effect of dynamic and investment externalities in a one-sector growth model. In our model, two agents interact strategically in the utilization of capital for consumption, savings, and investment in technical progress. We consider two types of investment choices: complements and...
Persistent link: https://www.econbiz.de/10011202209
Persistent link: https://www.econbiz.de/10010903244
We consider a monopoly supplying a homogeneous good to two separate markets with different demands. In one of the markets, some buyers do not know the quality of the good, but learn about it from observing prices. Under noisy demand, third-degree price discrimination is shown to alter the...
Persistent link: https://www.econbiz.de/10010941047
L’éco-conception est un processus d’intégration des aspects environnementaux dans la conception et le développement de produits (biens et services) qui a pour objectif la réduction des impacts environnementaux des produits tout au long de leur cycle de vie. Pour en faire la promotion, il...
Persistent link: https://www.econbiz.de/10004992689
We explain the Hendricks and Kovenock (1989)'s framework by studying the behavior of two strategic firms under an informational externality. The informational externality arises when each firm of a social network is endowed with private information regarding the profitability of the investment....
Persistent link: https://www.econbiz.de/10004992690
This paper studies the effects of fiscal policies on external and budget deficits. From a tractable small open-economy, overlapping-generation model, the effects are measured by the responses of the external deficit to an increase in the budget deficit due to a tax-cut. The responses are...
Persistent link: https://www.econbiz.de/10005651460
Persistent link: https://www.econbiz.de/10005651461
We develop univariate regime-switching GARCH (RS-GARCH) models wherein the conditional variance switches in time from one GARCH process to another. The switching is governed by a time-varying probability, specified as a function of past information. We provide sufficient conditions for...
Persistent link: https://www.econbiz.de/10005651462