نتایج جستجو برای: jel codes e12

تعداد نتایج: 102607  

2011
Dirk Schoenmaker

The financial trilemma states that financial stability, financial integration and national financial policies are incompatible. Any two of the three objectives can be combined but not all three; one has to give. This paper develops a model to underpin the financial trilemma. Our findings for financial integration suggest that the financial trilemma is in particular at work in Europe. JEL codes:...

2012
Benito Arruñada Marco Casari Francesca Pancotto

Through an experiment, we investigate how the level of rationality relates to concerns for equality and efficiency. Subjects perform dictator games and a guessing game. More rational subjects are not more frequently of the selfregarding type. When performing a comparison within the same degree of rationality, self-regarding subjects show more strategic sophistication than other subjects. JEL co...

2001
Tor Eriksson

The aim of this paper is twofold. First, to document the use and the diffusion of the “new” compensation and work organisation practices in Danish private sector firms and second, to examine how and why firms differ regarding the adoption of different schemes. The analysis is based on a detailed mail questionnaire answered by 1,600 Danish private sector firms. JEL Codes: J33, J41, L23

2007
Christopher Sleet Sevin Yeltekin

This paper considers political credibility of allocations in settings with dynamic private information. It embeds a benchmark dynamic moral environment into political economy games which feature repeated voting over mechanisms. Optimal politically credible allocations are shown to solve virtual planning problems with social discount factors in excess of the private one. JEL codes: C73, D72, D82...

Journal: :CoRR 2016
Angelo Antoci Alexia Delfino Fabio Paglieri Fabio Sabatini

The rise in online social networking has brought about a revolution in social relations. However, its effects on offline interactions and its implications for collective well-being are still not clear and are under-investigated. We study the ecology of online and offline interaction in an evolutionary game framework where individuals can adopt different strategies of socialization. Our main res...

2008
Alex Coad

Recent work drawing on data for large and small firms has shown a Pareto distribution of firm size. We mix a Gibrat-type growth process among incumbents with an exponential distribution of firm’s age, to obtain the empirical Pareto distribution. JEL codes: L20, L25

2015
Matthias Messner Nicola Pavoni Christopher Sleet

Several recent papers have proposed recursive Lagrangian-basedmethods for solving dynamic contracting problems. Thesemethods give rise to Bellman operators that incorporate either a dual inf-sup or a saddle point operation. We give conditions that ensure the Bellman operator implied by a dual recursive formulation is contractive. JEL codes: C61, C73, D82, E61.

2015
Shankha Chakraborty Jon C. Thompson Etienne B. Yehoue

An anti-capitalist cultural bias, through directed within-family human capital transmission, adversely affects the supply of entrepreneurial talent and risk-taking. This limits economic progress if aggregate productivity is low. When productivity is high, economic incentives can overcome cultural inertia. Though the income level depends on culture, the growth rate in this case does not. JEL Cod...

2011
Luca Lambertini Alessandro Tampieri

We modify the vertically differentiated duopoly model by André et al. (2009) replacing Bertrand with Cournot behaviour to show that firms may spontaneously adopt a green technology even in the complete absence of any form of regulation. JEL codes: L13, L51, Q55, Q58

2000
Hans K. Hvide Terje Lensberg Ariel Rubinstein Gaute Torsvik

Several studies indicate that humans are overconfident about their own (relative) abilities. We propose a notion of pragmatic beliefs, and show through an example that this concept can shed light on why overconfidence emerges. Through the example, we also shed light on the idea that that ’bounded rationality’ may arise endogenously in a game without assuming complexity costs. JEL codes: B41, C7...

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