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16,619
Boards of Directors as an Endogenously Determined Institution: A Survey of the Economic Literature
, 2003
"... ..."
A Strategic Model of Social and Economic Networks
- CMSEMS Discussion Paper 1098, Northwestern University, revised
, 1995
"... We study the stability and efficiency of social and economic networks, when selfinterested individuals can form or sever links. First, for two stylized models, we characterize the stable and efficient networks. There does not always exist a stable network that is efficient. Next, we show that this t ..."
Abstract
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Cited by 664 (22 self)
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bargaining of the players. Journal Economic Literature Classification
Auction Theory: A Guide to the Literature
- JOURNAL OF ECONOMIC SURVEYS
, 1999
"... This paper provides an elementary, non-technical, survey of auction theory, by introducing and describing some of the critical papers in the subject. (The most important of these are reproduced in a companion book, The Economic Theory of Auctions, Paul Klemperer (ed.), Edward Elgar (pub.), forthco ..."
Abstract
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Cited by 534 (5 self)
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This paper provides an elementary, non-technical, survey of auction theory, by introducing and describing some of the critical papers in the subject. (The most important of these are reproduced in a companion book, The Economic Theory of Auctions, Paul Klemperer (ed.), Edward Elgar (pub
Economic analysis of social interactions
- JOURNAL OF ECONOMIC PERSPECTIVES
, 2000
"... Economists have long been ambivalent about whether the discipline should focus on the analysis of markets or should be concerned with social interactions more generally. Recently the discipline has sought to broaden its scope while maintaining the rigor of modern economic analysis. Major theoretical ..."
Abstract
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Cited by 509 (3 self)
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theoretical developments in game theory, the economics of the family, and endogenous growth theory have taken place. Economists have also performed new empirical research on social interactions, but the empirical literature does not show progress comparable to that achieved in economic theory. This paper
On the mechanics of economic development
- Journal of Monetary Economics
, 1988
"... THERE have been very few reports of uterine rupture in the cat in the literature (Webb 1972). The causes include external trauma during pregnancy, severe alterations of the wall of the uterus, inadequate obstetric manipulations, and the incorrect use of drugs such as oxytocin or prostaglandin F2ec ( ..."
Abstract
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Cited by 3847 (7 self)
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THERE have been very few reports of uterine rupture in the cat in the literature (Webb 1972). The causes include external trauma during pregnancy, severe alterations of the wall of the uterus, inadequate obstetric manipulations, and the incorrect use of drugs such as oxytocin or prostaglandin F2ec
Reputation and Imperfect Information
- Journal of Economic Theory
, 1982
"... A common observation in the informal literature of economics (and elsewhere) is that in multistage “games, ” players may seek early in the game to acquire a reputation for being “tough ” or “benevolent ” or something else. But this phenomenon is not observed in some formal game-theoretic analyses of ..."
Abstract
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Cited by 519 (5 self)
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A common observation in the informal literature of economics (and elsewhere) is that in multistage “games, ” players may seek early in the game to acquire a reputation for being “tough ” or “benevolent ” or something else. But this phenomenon is not observed in some formal game-theoretic analyses
Algorithmic mechanism design
- Games and Economic Behavior
, 1999
"... We consider algorithmic problems in a distributed setting where the participants cannot be assumed to follow the algorithm but rather their own self-interest. As such participants, termed agents, are capable of manipulating the algorithm, the algorithm designer should ensure in advance that the agen ..."
Institutions Rule: The Primacy of Institutions over Geography and Integration in Economic Development
- FREE UNIVERSITY OF BERLIN
, 2004
"... We estimate the respective contributions of institutions, geography, and trade in determining income levels around the world, using recently developed instrumental variables for institutions and trade. Our results indicate that the quality of institutions “trumps” everything else. Once institutions ..."
Abstract
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Cited by 817 (28 self)
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with the “wrong” (i.e., negative) sign. We relate our results to recent literature, and where differences exist, trace their origins to choices on samples, specification, and instrumentation.
Monetary Policy Shocks: What Have we Learned and to What End?
, 1998
"... This paper reviews recent research that grapples with the question: What happens after an exogenous shock to monetary policy? We argue that this question is interesting because it lies at the center of a particular approach to assessing the empirical plausibility of structural economic models that c ..."
Abstract
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Cited by 988 (26 self)
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This paper reviews recent research that grapples with the question: What happens after an exogenous shock to monetary policy? We argue that this question is interesting because it lies at the center of a particular approach to assessing the empirical plausibility of structural economic models
Determining the Number of Factors in Approximate Factor Models
, 2000
"... In this paper we develop some statistical theory for factor models of large dimensions. The focus is the determination of the number of factors, which is an unresolved issue in the rapidly growing literature on multifactor models. We propose a panel Cp criterion and show that the number of factors c ..."
Abstract
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Cited by 561 (30 self)
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of the number of factors for configurations of the panel data encountered in practice. The idea that variations in a large number of economic variables can be modelled bya small number of reference variables is appealing and is used in manyeconomic analysis. In the finance literature, the arbitrage pricing
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