Results 171 to 180 of about 150,654 (276)
Quantitative Effects of Employment Protection in OECD Labor Markets
The Manchester School, EarlyView.ABSTRACT This paper explores the quantitative role played by Employment Protection Legislation over employment and on‐the‐job training in the presence of dual labor markets across OECD economies. We extend the search and matching model by introducing formal education and investment decisions in training by firms, and a gap in firing costs between fixed‐
Joaquín Naval, José I. Silva
wiley +1 more source
Cross‐Ownership and Endogenous R&D Risk in Cournot Triopoly
The Manchester School, EarlyView.ABSTRACT We examine how cross‐ownership influences firms' endogenous R&D risk‐taking in a Cournot triopoly, where two “insider” firms hold passive equity stakes in each other, and a third firm remains unaffiliated. Firms invest in stochastic R&D that lowers marginal costs and choose their risk level—measured by outcome variance—prior to quantity ...
Mingqing Xing, Ally Quan Zhang
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
A Formal Theory of Robert Nozick's Framework for Utopia
Noûs, EarlyView.ABSTRACT This paper offers the very first formal model of Robert Nozick's model of possible worlds and his vision of a utopian society, as outlined in Part III of Anarchy, State, and Utopia. Nozick envisioned utopia as a meta‐utopia—a collection of self‐organized, voluntary sub‐communities—arguing that such an institutional framework is equivalent to ...
Susumu Cato, Hun Chung
wiley +1 more source
The Role of Labour Market Institutions in Shaping Euro Area Monetary Policy Transmission
Oxford Bulletin of Economics and Statistics, EarlyView.ABSTRACT We examine how labour market institutions shape monetary policy transmission in euro area countries. A theoretical model suggests that higher union density flattens the Phillips curve, amplifying output responses while dampening the inflation effects of monetary shocks. This is empirically confirmed using an interacted panel VAR.
Maximilian Boeck, Christian Glocker
wiley +1 more source
Obesity Reviews, EarlyView.ABSTRACT In a scenario with increasing cases of obesity and diabetes worldwide, branched‐chain amino acids (BCAA) metabolism has become an important factor in the understanding of these pathologies. More recently, its chronic high plasma levels have been postulated, alongside glucose, inflammatory factors, and other molecules, as an important ...
Bernardo Starling‐Soares +4 more
wiley +1 more source
Tariff: The Most Beautiful Word in the Dictionary?
Review of International Economics, EarlyView.ABSTRACT We consider the welfare impacts of US tariff policy at levels proposed by President Donald J. Trump. General‐equilibrium simulations under a widely used transparent one‐sector trade model reveal sizable US welfare losses. When we extend the model to include bilateral firm selection and high resolution input–output linkages, the US losses ...
Edward J. Balistreri +2 more
wiley +1 more source
Efficient Nash Equilibrium Resource Allocation Based on Game Theory Mechanism in Cloud Computing by Using Auction. [PDF]
PLoS One, 2015 Nezarat A, Dastghaibifard GH.
europepmc +1 more source
Scottish Journal of Political Economy, EarlyView.ABSTRACT This study considers consumers' environmental awareness of polluting firms' managerial delegation contracts and compares the effects of committed and time‐consistent emission tax policies. It reveals that when environmental performance (EP) incentives prevail, sales performance (SP) incentives depend on the emission tax type and competition ...
Lili Xu, Yuntong Yin, Sang‐Ho Lee
wiley +1 more source