Results 121 to 130 of about 167,612 (303)
The Political Economy of Patent Buyouts
The RAND Journal of Economics, EarlyView.ABSTRACT Incentivizing innovation through buyouts may alleviate the social costs associated with patent power, but the political economy and feasibility of this potentially important financing mechanism have been understudied. We study an international setting of countries with different innovation and financing capabilities, and where financing ...
Amal Ahmad +2 more
wiley +1 more source
Cogent Economics & FinanceIndonesia’s reliance on food imports has intensified food-security concerns amid exchange-rate volatility and global trade disruptions. This study analyzes the dynamic relationship between food security and key macroeconomic variables—food imports ...
Fitrawaty +4 more
doaj +1 more source
Stable Price Dispersion under Heterogeneous Buyer Consideration
The RAND Journal of Economics, EarlyView.ABSTRACT We study the pricing of homogeneous products sold to customers who consider different sets of suppliers. We identify prices that are stable in the sense that no firm wishes to undercut a rival or to raise its price when rivals are able to respond by offering special deals.
David P. Myatt, David Ronayne
wiley +1 more source
Pension Reform in Brazil: Transitional Issues in a Model with Endogenous Labor Supply [PDF]
Brazilian PAYG system has been under financial stress and needs to be reformed. I use a computational general equilibrium model, with 55 overlapping generations to simulate macroeconomic and welfare impacts of alternative social security reforms ...
Sergio G. Ferreira
core
The RAND Journal of Economics, EarlyView.ABSTRACT Biased recommendations arise naturally in markets with heterogeneous consumers. We study a model in which a monopolist offers an experience good to a population of consumers with heterogeneous tastes and makes personalized purchase recommendations.
Martin Peitz, Anton Sobolev
wiley +1 more source
Macroeconomic structure and policy in Zimbabwe, analysis and empirical model : 1965-1988 [PDF]
The authors develop and apply a macroeconomic general equilibrium model for Zimbabwe. The country faces the challenge of engaging in a program of fiscal stabilization and structural reform to address its current fiscal imbalance, high unemployment, and ...
Elbadawi, Ibrahim A. +1 more
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Optimal Job Design and Information Elicitation
The RAND Journal of Economics, EarlyView.ABSTRACT When managers rely on their subordinates for local information but cannot commit to how such information is used, the incentives for effort and information elicitation become intertwined. This incentive problem influences the firm's job design decision, that is, whether to assign all tasks in a job to one worker (“individual assignment”) or ...
Arijit Mukherjee +2 more
wiley +1 more source
On "Real" and "Sticky-Price" Theories of the Business Cycle [PDF]
This paper begins by identifying the distinguishing characteristic of the "real business cycle" (RBC) class of macroeconomic models. It then scruitinizes existing evidence, presented in support of the RBC approach, of three types: calibrated general ...
Bennett T. McCallum
core
Why Is Exclusivity in Broadcasting Rights Prevalent and Why Does Simple Regulation Fail?
The RAND Journal of Economics, EarlyView.ABSTRACT Pay‐TV firms compete both downstream to attract viewers and upstream to acquire broadcasting rights. Because profits inherited from downstream competition satisfy a convexity property, allocating rights to the dominant firm maximizes the industry profit.
David Martimort, Jerome Pouyet
wiley +1 more source
Misaligned? Overvalued? The Untold Story of the Turkish Lira [PDF]
There is a consensus among scholars that overvalued exchange rates result in currency crises. This paper estimates the equilibrium real exchange rate for Turkey and finds that the lira was indeed overvalued before the crises in 1994 and 2001.
Deniz Atasoy, Sweta C. Saxena
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