Results 61 to 70 of about 4,823 (195)

The Time-Preference Nash Solution [PDF]

We give an axiomatic characterization of the Time-Preference Nash Solution, a bargaining solution that is applied when the underlying preferences are defined over streams of physical outcomes.
Eyal Winter, Nir Dagan, Oscar Volij
core   +2 more sources

Nash Bargaining-Based Hybrid MAC Protocol for Wireless Body Area Networks

Sensors
Wireless Body Area Network (WBAN) is an emerging medical health monitoring technology. However, WBANs encounter critical challenges in balancing reliability, energy efficiency, and Quality of Service (QoS) requirements for life-critical medical data. The
Haoru Su, Jiale Yang, Rong Li, Jian He
doaj   +1 more source

The Interaction Between Credit and Labor Market Frictions

International Economic Review, EarlyView.
ABSTRACT I study a novel two‐way feedback between credit and labor market frictions. Running from credit to labor markets, amplitude in capital demand caused by collateral constraints spills over onto labor demand due to the complementarity of capital and labor; and, furthermore, credit frictions raise effective financial hiring costs, prompting firms ...
Yulia Moiseeva
wiley   +1 more source

The Decentralization of Liquor Policies in Texas During the Post‐Prohibition Era

International Economic Review, EarlyView.
ABSTRACT We examine the decentralization of liquor policies in Texas during the Post‐Prohibition era using newly collected historical legislative roll call data. By combining these data with local referendum vote shares, we analyze both legislators' and constituents' preferences on liquor policy.
Andrew Arnold, Holger Sieg
wiley   +1 more source

A New Bargaining Game Model for Measuring Performance of Two-Stage Network Structures [PDF]

International Journal of Research in Industrial Engineering, 2012
Data envelopment analysis (DEA) mainly utilizes envelopment technology to replace production function in microeconomics. Based on this replacement, DEA is a widely used mathematical programming approach for evaluating the relative efficiency of decision ...
F. Hosseinzadeh Lotfi, G.R. Jahanshahloo, S. Hemati, S. Givehchi   +3 more
doaj  

How Does Progressivity Affect the Tax Cut Multiplier?

International Economic Review, EarlyView.
ABSTRACT How does the targeting of personal income tax cuts affect the output multiplier? This paper provides quantitative evidence using a heterogeneous‐agent New‐Keynesian model calibrated to match US distributions of income, wealth, marginal tax rates, and marginal propensities to consume.
Christian Gillitzer
wiley   +1 more source

Sentencing in the Shadow of Promotion: The Impacts of Circuit Court Nomination on Federal Judges

Journal of Empirical Legal Studies, EarlyView.
ABSTRACT Judges seek to maximize their own utility, like everyone else. Their goals include job security and promotion. Federal judges lack the electoral incentives that often drive state judges, but they could audition for promotion. I test whether they audition for promotion in their criminal sentencing.
Nicholas Goldrosen
wiley   +1 more source

Nash Bargaining Over Margin Loans to Kelly Gamblers

Risks, 2019
I derive practical formulas for optimal arrangements between sophisticated stock market investors (continuous-time Kelly gamblers or, more generally, CRRA investors) and the brokers who lend them cash for leveraged bets on a high Sharpe asset (i.e., the ...
Alex Garivaltis
doaj   +1 more source

Liquidity Crises and the Market‐Maker of Last Resort

Journal of Money, Credit and Banking, EarlyView.
Abstract We study market illiquidity in an economy subject to nonfundamental shocks. Asset trading occurs via decentralized bargaining. The model has multiple rational expectations equilibria; we associate certain Pareto‐inferior equilibria with liquidity crises.
CHARLES M. KAHN, DAVID MARSHALL, ROBERT L. MCDONALD   +2 more
wiley   +1 more source

Policy Biases in a Model with Labor‐Market Frictions

Journal of Money, Credit and Banking, EarlyView.
Abstract We develop a model with labor‐market matching frictions that is subject to a range of shocks, including shocks to matching efficiency and bargaining power, and use the model to examine how monetary policy should respond to such shocks. We show that optimal monetary policy responds effectively to these shocks, producing economic outcomes that ...
RICHARD DENNIS, TATIANA KIRSANOVA
wiley   +1 more source