Results 61 to 70 of about 68,527 (180)
Sustaining Social Security [PDF]
This paper analyzes the sustainability of intergenerational transfers in politico-economic equilibrium. We argue that these transfers arise naturally in a Markov perfect equilibrium in the fundamental sate variables.
Gonzales-Eiras, Martín, Niepelt, Dirk
core +4 more sources
Regulating Environmental Externalities through Public Firms: A Differential Game [PDF]
We investigate the possibility of using public firms to regulate polluting emissions in a Cournot oligopoly where production takes place at constant returns to scale and entails a negative environmental externality. We model the problem as a differential
A. Palestini, D. Dragone, L. Lambertini
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Nominal Debt as a Burden on Monetary Policy [PDF]
We characterize the optimal sequential choice of monetary policy in economies with either nominal or indexed debt. In a model where nominal debt is the only source of time inconsistency, the Markov-perfect equilibrium policy implies the progressive ...
Giorgia Giovannetti +3 more
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A Dynamic Model of Conflict and Cooperation [PDF]
We introduce a common-pool contest into a continuous-time, differential game setting to model the dynamic behavior of agents facing a trade-off between socially productive activities and appropriation.
Jun-ichi Itaya +2 more
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Alternating-move Hotelling with Demand Shocks [PDF]
In this paper an infinite-horizon alternating-move Hotelling model in which consumers are uniformly distributed over the market is considered. In a Markov perfect equilibrium, a seller’s move in any period depends on the price the other seller is ...
Leufkens, Kasper, Peeters, Ronald
core +1 more source
Equilibrium Predictions in Wholesale Electricity Markets [PDF]
We review supply function equilibrium models and their predictions on market outcomes in the wholesale electricity auctions. We discuss how observable market characteristics such as capacity constraints, number of power suppliers, load distribution and ...
Pierre-Olivier Pineau, Talat S. Genc
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Cournot-Walras Equilibrium as a Subgame Perfect Equilibrium [PDF]
In this paper, we investigate the problem of the strategic foundation of the Cournot-Walras equilibrium approach. To this end, we respecify a'la Cournot-Walras the mixed version of a model of simultaneous, noncooperative exchange, originally proposed by ...
Busetto, Francesca +2 more
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Aging, Inequality and Social Security [PDF]
This paper develops an overlapping-generations model including wage inequality within a generation and intra- and intergenerational resource reallocation via social security.
Ryo Arawatari, Tetsuo Ono
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TARIFF AGREEMENTS AND NON-RENEWABLE RESOURCE INTERNATIONAL MONOPOLIES: PRICES VERSUS QUANTITITES [PDF]
In this paper we model the case of an international non-renewable resource monopolist as a differential game between the monopolist and the governments of the importing countries, and we investigate whether a tariff on the resource importations can be ...
Santiago J. Rubio
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Rebellion, repression and welfare [PDF]
I develop a dynamic model of social conflict whereby manifest grievances of the poor generate the incentive of taking over political power violently. Rebellion can be an equilibrium outcome depending on the level of preexisting inequality between the ...
Juan F. Vargas
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