Showing 71 - 80 of 543
We consider a Nash demand game where N players come to the bargaining table with requests for coalition partners and a potentially generated resource. We show that group learning leads to complete cooperation and an interior core allocation with probability one. Our arguments highlight group...
Persistent link: https://www.econbiz.de/10005237109
This paper evaluates the impact of Round I of the federal urban Empowerment Zone (EZ) program on neighborhood level labor and housing market outcomes over the period 1994-2000. Using four decades of Census data in conjunction with information on the proposed boundaries of rejected EZs, we find...
Persistent link: https://www.econbiz.de/10005237110
In this paper, I estimate the economic effects of adopting a customs union in the context of an oligopolistic market with multinational firms, tariffs and non-tariff barriers. Specifically, I estimate a model of demand and supply for cars in Argentina and Brazil and I look at the consequences of...
Persistent link: https://www.econbiz.de/10005237111
For semi/nonparametric conditional moment models containing unknown parametric components (theta) and unknown functions of endogenous variables (h), Newey and Powell (2003) and Ai and Chen (2003) propose sieve minimum distance (SMD) estimation of (theta, h) and derive the large sample...
Persistent link: https://www.econbiz.de/10005237112
There is a large literature demonstrating that positive economic conditions increase support for incumbent candidates, but little understanding of how economic conditions affect preferences for parties and for particulars of their platforms. We ask how exogenous shifts to the value of residents'...
Persistent link: https://www.econbiz.de/10005237113
I use the theories of duality and optimal branchings to find a necessary and sufficient characterization of stochastically stable limit sets (SSLS) that helps improve the radius-modified coradius test of Ellison (2000). The improved shortcut I offer may permit the identification of SSLS when...
Persistent link: https://www.econbiz.de/10005237114
This paper examines the response of employment and wages in the US oil and gas field services industry to changes in the price of crude petroleum using a time series of quarterly data spanning the period 1972-2002. I find that labor quickly reallocates across sectors in response to price shocks...
Persistent link: https://www.econbiz.de/10005237115
We consider trade liberalization in a multilateral trade model, where countries have identical, homothetic tastes but may have different constant returns to scale technologies that produce at least two goods from at least two factors. We introduce the notion of a world equilibrium with transfers...
Persistent link: https://www.econbiz.de/10005237116
Does information about rampant political corruption increase electoral participation and the support for challenger parties? Democratic theory assumes that offering more information to voters will enhance electoral accountability. However, if there is consistent evidence suggesting that voters...
Persistent link: https://www.econbiz.de/10009652516
We use randomized program offers and multiple follow-up survey waves to examine the effects of entrepreneurship training on a broad set of outcomes. Training increases short-run business ownership and employment, but there is no evidence of broader or longer-run effects. We also test whether...
Persistent link: https://www.econbiz.de/10009652517