Resuscitating industrial research without monopoly money

نویسندگان
چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

A Utopia? Government without Territorial Monopoly

We normally take it for granted that each government has a particular territory and that each territory belongs to a particular government. Yet this identification of government with territory need not be the case. In important instances, it does not hold. Multiple Governments Associated with the Same Territory. In the classic case, several governments claim the same territory. Sometimes the bo...

متن کامل

Resuscitating Real Business Cycles

The Real Business Cycle (RBC) research program has grown spectacularly over the last decade, as its concepts and methods have diffused into mainstream macroeconomics. Yet, there is increasing skepticism that technology shocks are a major source o f business fluctuations. This chapter exposits the basic RBC model and shows that it requires large technology shocks to produce realistic business cy...

متن کامل

The Industrial Organization of Money Management

We construct and analyze a model of delegated portfolio management in which money managers signal their investment skills via their choice of transparency for their fund. We show that a natural equilibrium is one in which highand low-skill managers pool in opaque funds, while medium-skill managers separate in transparent funds. In this equilibrium, high-skill managers rely on their eventual per...

متن کامل

Exchange Market Mechanisms without Money

We introduce and study the following exchange market mechanism problem without money: consider a set of agents who wish to obtain a set of items, and have a set of items to offer to others. An exchange market mechanism specifies for each agent a subset of items to give away, and another subset of items that he would receive in exchange. Each agent would like to maximize the number of items he r...

متن کامل

Optimal Mechanism Design without Money

We consider the standard mechanism design environment with linear utility but without monetary transfers. We establish an equivalence between deterministic, dominant strategy incentive compatible mechanisms and generalized median voter schemes, and we use this equivalence to characterize the constrained-efficient optimal mechanism for an utilitarian planner. ∗Gershkov: Department of Economics, ...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Physics Today

سال: 2010

ISSN: 0031-9228,1945-0699

DOI: 10.1063/1.4797236