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Persistent link: https://www.econbiz.de/10008520769
.By using developments in other human sciences, study opens the road leading to more realistic economic theory. …
Persistent link: https://www.econbiz.de/10009422026
examined using a model assuming Rational Expectations, Adaptive Expectations and certain postulates of Price Theory. …
Persistent link: https://www.econbiz.de/10005616975
In this note I discuss the condition for indeterminacy in the context of search models with increasing returns in the matching technology. Building on the theoretical framework set forth by Giammarioli (2003), I argue that increasing returns with respect to vacancies at the aggregate level is...
Persistent link: https://www.econbiz.de/10011157018
This paper presents a new characterization result for competitive allocations in quasilinear economies. This result is informed by the analysis of non-cooperative dynamic search and bargaining games. Such games provide models of decentralized markets with trading frictions. A central objective...
Persistent link: https://www.econbiz.de/10009147692
”. Recent years have seen the development of the search-theoretic approach to monetary theory. It has established itself as an … important strand of monetary theory in a very short space of time, although it has yet to exert a significant influence on the … should focus on linking search theory with applied economic research. This summary article first briefly examines the …
Persistent link: https://www.econbiz.de/10005000641
Optimal labor tax results over the cycle are, quantitatively, typically driven by an estimate of the intratemporal elasticity of substitution that governs the reaction of hours worked to business cycle shocks and tax rate changes. A recent literature tries to decompose this intratemporal...
Persistent link: https://www.econbiz.de/10005619536
Settlement Understanding; DSU) entered into force. Since 1998, negotiations to review and reform the DSU have taken place (DSU … date. This lack of interest in Members’ proposals and negotiations is rather astonishing, particularly if judged in the … long been neglected. Only recently, a certain academic interest in these negotiations and in the submitted proposals can be …
Persistent link: https://www.econbiz.de/10005835611
post. We show that this is achieved by bilateral negotiations but not by auctions. Negotiations strictly outperforms … if the buyer's bargaining position is sufficiently strong. Moreover, we show that negotiations provide stronger … use of negotiations as a procurement mechanism in private industry. …
Persistent link: https://www.econbiz.de/10011093297
the key properties of monetarist theory for the long run, i.e. monetary neutrality with respect to real output and the …
Persistent link: https://www.econbiz.de/10009226956