Results 1 to 10 of about 13,664 (285)
Journal of Economic Surveys, EarlyView.ABSTRACT The post‐pandemic inflationary spike brought inflation back to the forefront of academic research. In the debate about the origin and nature of the 2020s inflation, economists have been divided into the following two main camps: the demand‐pull camp, which attributed inflation to excess demand and linked it to fiscal and monetary stimulus put ...
Vicente Ferreira
wiley +1 more source
Mapping the Impact of Artificial Intelligence on Firm Performance: A Bibliometric Review
Journal of Economic Surveys, EarlyView.ABSTRACT Artificial intelligence (AI) has become a significant driver of improvement and progress, with a profound impact on various areas of human activity. According to the existing body of scientific literature, AI possesses the potential to profoundly transform human society by automating complex processes, improving decision‐making capabilities ...
Claudiu Cicea +2 more
wiley +1 more source
Estimating National and Foreign Trade Elasticities Using Generalized Transport Costs
Journal of Regional Science, Volume 65, Issue 2, Page 471-496, March 2025.ABSTRACT We introduce the definition of two distinct trade elasticities corresponding to imports from regions located in the same country (national elasticities) and foreign regions located in other countries (foreign elasticities). We resort to a three‐tier nested CES utility structure to derive the corresponding demand gravity equations.
José L. Zofío +3 more
wiley +1 more source
House Prices and Bank Lending to SMEs: Evidence From UK Local Authorities
Journal of Regional Science, EarlyView.ABSTRACT Using panel data for 304 local authorities in the UK from 2014 to 2021, we empirically examine three issues: (a) how booms in house prices affect bank lending to small and medium‐sized enterprises (SMEs); (b) whether these effects differ when SMEs hold larger amounts of real estate and buildings and (c) whether a rise in house prices can cause
Jalal Siddiki, Zilong Wang
wiley +1 more source
A Model of Strategic Sustainable Investment
Mathematical Finance, EarlyView.ABSTRACT We study a problem of optimal irreversible investment and emission reduction formulated as a nonzero‐sum dynamic game between an investor with environmental preferences and a firm. The game is set in continuous‐time on an infinite‐time horizon.
Tiziano De Angelis +2 more
wiley +1 more source
Capital Composition and the Declining Labor Share
The Manchester School, EarlyView.ABSTRACT There are two problems with the view that cheaper capital caused a decline in the labor share: first, aggregate capital and labor are gross complements; second, the price of capital is roughly constant, worldwide. Taking seriously the composition of capital resolves both challenges.
Maya Eden, Paul Gaggl
wiley +1 more source
Biased News Media and the Swing Voter's Decision in Repeated Games
The Manchester School, EarlyView.ABSTRACT We consider a monopolistic, biased news media platform that attempts to influence the decision of swing voters with cheap talk when voting is costly and abstaining is an option. First, we demonstrate that, while no fully communicative equilibrium exists in a stage game, a partially truth‐revealing mixed‐strategy equilibrium exists.
Jooyong Jun, Jeong‐Yoo Kim
wiley +1 more source
Endogenous Institution Formation for Public Good Provision
The Manchester School, EarlyView.ABSTRACT We revisit an existing framework of endogenous institution formation for public good provision, incorporating heterogeneous players to address the question, “Who joins an institution that sanctions only its members to provide a public good?” We analyze two models with different sources of heterogeneity.
Daehong Min, Doojin Ryu
wiley +1 more source
The Manchester School, EarlyView.ABSTRACT This study considers mutual outsourcing firms in a vertically related market and examines their strategic adoption of environmental corporate social responsibility (ECSR) activities. We demonstrate that ECSR adoption reduces mutual outsourcing firms' profits, resulting in a prisoner's dilemma situation, but enhances welfare regardless of ...
Lili Xu, Xinying Fan, Sang‐Ho Lee
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Inflation Inequality Across Household Income Groups in Brazil: Persistence, Trend and Volatility
The Manchester School, EarlyView.ABSTRACT This article investigates inflation inequality across four income strata in Brazil (very low, low, middle, and high income) from July 2006 to April 2025, using the Headline IPCA as a benchmark. We test the hypothesis that inflation dynamics and transmission mechanisms are structurally unequal and disproportionately affect lower‐income ...
Sinara do Valle, Cleomar Gomes da Silva
wiley +1 more source