Showing 1 - 10 of 202
implemented original concepts and tools like dynamic modeling, expectation theory, collective welfare functions, national …
Persistent link: https://www.econbiz.de/10009367983
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
Persistent link: https://www.econbiz.de/10008520769
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
This study analyzes the impact of the Mid-Term Review (MTR) on the agricultural sector in Schleswig-Holstein, a federal state in Germany. First, a very detailed farm group linear programming model is built to quantify the effects on agricultural production and farm incomes. The production...
Persistent link: https://www.econbiz.de/10005835623
There are two phenomena widely observed when an economy departs from an underdeveloped state and starts rapid economic growth. One is the shift of production, employment, and consumption from the traditional sector to the modern sector, and the other is a large increase in educational levels of...
Persistent link: https://www.econbiz.de/10005835737
This paper presents a model which takes into account two main factors that have been partially neglected by the economic development literature: the environmental externalities of human activities and agents' heterogeneity in terms of asset endowment and, consequently, in terms of income source...
Persistent link: https://www.econbiz.de/10005835828
Indian economy has reached in the orbit of high rate of economic growth. She is being widely acclaimed and recognized as an emerging global economic power. The rate of growth recorded during the period 1950-51 to 2004-05 clearly showed a tendency of steady upward trend. However, the decade of...
Persistent link: https://www.econbiz.de/10005836954