Tools
Sorted by:
Try your query at:
 |
 |
 |
 |
 |
 |
Results 1 - 10
of
92,207
Policy bias and agriculture: Partial and general equilibrium measures
- Review of Development Economics
, 2001
"... acknowledged. Comments are welcome and can be directed to: ..."
Abstract
-
Cited by 5 (1 self)
- Add to MetaCart
acknowledged. Comments are welcome and can be directed to:
A General Theory of Equilibrium Selection in Games.
, 1988
"... Abstract This paper presents a Downsian model of political competition in which parties have incomplete but richer information than voters on policy effects. Each party can observe a private signal of the policy effects, while voters cannot. In this setting, voters infer the policy effects from the ..."
Abstract
-
Cited by 734 (4 self)
- Add to MetaCart
of the Median Voter Theorem in the classical Downsian model. Our equilibrium analysis suggests similarity between the set of WPBEs in this model and the set of uniformly perfect equilibria of Harsanyi and Selten (1988) in the model with completely informed parties which we studied in a previous paper
An equilibrium characterization of the term structure.
- J. Financial Econometrics
, 1977
"... The paper derives a general form of the term structure of interest rates. The following assumptions are made: (A.l) The instantaneous (spot) interest rate follows a diffusion process; (A.2) the price of a discount bond depends only on the spot rate over its term; and (A.3) the market is efficient. ..."
Abstract
-
Cited by 1041 (0 self)
- Add to MetaCart
The paper derives a general form of the term structure of interest rates. The following assumptions are made: (A.l) The instantaneous (spot) interest rate follows a diffusion process; (A.2) the price of a discount bond depends only on the spot rate over its term; and (A.3) the market is efficient
The Cyclical Behavior of Equilibrium Unemployment and Vacancies
- American Economic Review
, 2005
"... This paper argues that a broad class of search models cannot generate the observed business-cycle-frequency fluctuations in unemployment and job vacancies in response to shocks of a plausible magnitude. In the U.S., the vacancy-unemployment ratio is 20 times as volatile as average labor productivity ..."
Abstract
-
Cited by 871 (23 self)
- Add to MetaCart
productivity, while under weak assumptions, search models predict that the vacancy-unemployment ratio and labor productivity have nearly the same variance. I establish this claim both using analytical comparative statics in a very general deterministic search model and using simulations of a stochastic version
Optimal taxation of capital income in general equilibrium with infinite lives
- ECONOMETRICA
, 1986
"... ..."
Employment Fluctuations with Equilibrium Wage Stickiness,” American Economic Review,
, 2005
"... Modern economies experience substantial fluctuations in aggregate output and employment. In recessions, employment falls and unemployment rises. In the years immediately after a recession, the labor market is slackunemployment remains high and the vacancy rate and other measures of employer recruit ..."
Abstract
-
Cited by 542 (6 self)
- Add to MetaCart
Modern economies experience substantial fluctuations in aggregate output and employment. In recessions, employment falls and unemployment rises. In the years immediately after a recession, the labor market is slackunemployment remains high and the vacancy rate and other measures of employer
Internet Advertising and the Generalized Second Price Auction: Selling Billions of Dollars Worth of Keywords
- AMERICAN ECONOMIC REVIEW
, 2007
"... We investigate the “generalized second-price” (GSP) auction, a new mechanism used by search engines to sell online advertising. Although GSP looks similar to the Vickrey-Clarke-Groves (VCG) mechanism, its properties are very different. Unlike the VCG mechanism, GSP generally does not have an equilib ..."
Abstract
-
Cited by 555 (18 self)
- Add to MetaCart
an equilibrium in dominant strategies, and truth-telling is not an equilibrium of GSP. To analyze the properties of GSP, we describe the generalized English auction that corresponds to GSP and show that it has a unique equilibrium. This is an ex post equilibrium, with the same payoffs to all players
Power and centrality: A family of measures.
- 13656 |www.pnas.org/cgi/doi/10.1073/pnas.1401211111 Contractor and DeChurch
, 1987
"... JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about J ..."
Abstract
-
Cited by 595 (3 self)
- Add to MetaCart
JSTOR, please contact support@jstor.org. Although network centrality is generally assumed to produce power, recent research shows that this is not the case in exchange networks. This paper proposes a generalization of the concept of centrality that accounts for both the usual positive relationship
The Equity Premium: A Puzzle
- Journal of Monetary Economics
, 1985
"... Restrictions that a class of general equilibrium models place upon the average returns of equity and Treasury bills are found to be strongly violated by the U.S. data in the 1889-1978 period. This result is robust to model specification and measurement problems. We conclude that, most likely, an equ ..."
Abstract
-
Cited by 1751 (40 self)
- Add to MetaCart
Restrictions that a class of general equilibrium models place upon the average returns of equity and Treasury bills are found to be strongly violated by the U.S. data in the 1889-1978 period. This result is robust to model specification and measurement problems. We conclude that, most likely
Results 1 - 10
of
92,207
