ABSTRACT This article studies a dynamic project‐selection game between a Principal and an Agent with conflicting interests. Only the Agent knows what projects are feasible. In each period before a project is selected, the Principal imposes a restriction set. The Agent can select any feasible project within this set, thereby ending the game.
Wenhao Li
wiley +1 more source
Estimating the economic burden of lower respiratory infections in China from 2020 to 2040: a health-augmented macroeconomic modelling study. [PDF]
Lin Y +12 more
europepmc +1 more source
This study analyzes the macroeconomic effects of limiting carbon emissions using computable general equilibrium (CGE) model in the Malaysian economy. Doing so, we developed an environmental computable general equilibrium model and investigate carbon tax ...
Chamhuri, Siwar +2 more
core
Preemptive Entry and Technology Diffusion: The Market for Drive‐In Theaters
ABSTRACT This article studies entry preemption in new industries. We first test a key prediction of dynamic entry games: Entry preemption is most relevant in intermediate‐sized markets, where firms face highest uncertainty about future entry. Using US drive‐in theater market (1945–1957) data, we find robust evidence for this non‐monotonic relationship ...
Ricard Gil +3 more
wiley +1 more source
The last decade of Turkısh economy: macroeconomıc equılıbrıum and problems [PDF]
Ramazan Kilic
doaj
Investment attractiveness in BRICS+ economies: Evaluating business environment reforms, institutional quality, and macroeconomic factors. [PDF]
Tachega MA +6 more
europepmc +1 more source
Output Quality, Productivity, and Demand: Evidence from the Chinese Steel Industry
ABSTRACT Unobserved objective output quality complicates the analysis of firm productivity and demand because higher‐quality products entail higher costs but offer greater consumption benefits. Using a panel of firms with output quality data, we decompose quantity‐based productivity into fundamental productivity and the costs of quality, and separate ...
Jing Li, Shengyu Li, Hongsong Zhang
wiley +1 more source
Toward SDG 3 in a developing nation: the role of health expenditure, financial development, and population growth in shaping health outcomes. [PDF]
Xiang X, He S, Abid A.
europepmc +1 more source
Mergers in the Presence of Adverse Selection
ABSTRACT In the presence of adverse selection, mergers can increase welfare through a reduction in inefficient sorting. I characterize the sorting externality internalized between merging firms in a tractable discrete choice model. Mergers benefit consumers when the firms are small, willingness to pay is moderately increasing in cost, and consumer ...
Conor Ryan
wiley +1 more source
A Cognitive Perspective on Information Frictions in Labor Markets. [PDF]
Zhang Z, Chen R.
europepmc +1 more source

