Results 91 to 100 of about 127,162 (255)

Public Transit Capacity and Users' Choice: AnExperiment on Downs-Thomson Paradox [PDF]

We study the Downs-Thomson paradox, a situation where an additional road capacitycan cause an overall increase in transport generalized cost and therefore a decrease in welfarefor transport users.
Laurent Denant-Boèmont, Sabrina Hammiche   +1 more
core   +3 more sources

Material Aspirations, Cultural Change, and the Transition Toward Sustained Growth

International Economic Review, EarlyView.
ABSTRACT We highlight the role of economic materialism as a cultural phenomenon of significance in relation to economic transformation and development. By inducing material aspirations, an endogenous cultural change toward more widespread adherence to materialistic values is both a cause and an effect of productivity growth.
Evangelos V. Dioikitopoulos, Dimitrios Varvarigos   +1 more
wiley   +1 more source

Cryptocurrency Bubbles and Costly Mining

International Economic Review, EarlyView.
ABSTRACT This paper develops a model of a cryptocurrency by incorporating mining into the otherwise standard search‐theoretic monetary framework. As usual, multiple equilibria exist. To obtain a sharp prediction on whether a cryptocurrency' s value will last in the future, I propose a notion of equilibrium refinement based on the feature that mining ...
Kohei Iwasaki
wiley   +1 more source

Application of game theory and new institutional economics in establishing a National Voluntary Organisation for Professional Evaluation in Nigeria

African Evaluation Journal, 2017
Background: In Nigeria, there is a plethora of evaluators found in the over 90 universities, specialised educational institutions and private research organisations.
Denis Jobin, Zachary Lawal
doaj   +1 more source

Government's high education policy under a dual economy in developing and developed countries

International Journal of Economic Theory, EarlyView.
Abstract This paper explores the government's role in higher education policy within a dual economy, where skilled workers invest in higher education while unskilled workers do not. The novel question is whether the government should refrain from subsidizing higher education while imposing regulations, supporting a restricted, elitist system.
Michel Strawczynski
wiley   +1 more source

Campaign spending in elections with micro‐targeting and ideologically biased voters

International Journal of Economic Theory, EarlyView.
Abstract We study interactions between campaign spending and ideology in an election where two parties compete over an electorate with ideologically biased voters. The parties target voters with costly persuasive effort, which, together with ideology, defines the party each voter votes for.
Marco Magnani
wiley   +1 more source

The impact of advertising in a duopoly model [PDF]

We investigate the impact of advertising in a simple static differentiated duopoly model. First, we consider the Nash equilibrium of the situation in which the duopolistic firms compete simultaneously with two instruments, i.e.
Kooreman, Peter, Schoonbeek, Lambert
core   +1 more source

Remarks on Nash equilibria for games with additively coupled payoffs (revision, previous title: An unusual Nash equilibrium result and its application to games with allocations in infinite dimensions) [PDF]

, 1995
If the payoffs of a game are affine, then they are additively coupled. In this situation both the Weierstrass theorem and the Bauer maximum principle can be used to produce existence results for a Nash equilibrium, since each player is faced with an ...
Balder, E.J.
core  

Can Collaboration Promote Corporate Social Responsibility? Evidence From the Lab

Journal of Economics &Management Strategy, EarlyView.
ABSTRACT Do agreements among competitors regarding corporate social responsibility (CSR) promote public‐interest objectives? We address this question theoretically and experimentally in a duopoly framework in which firms choose between offering a “fair” and an “unfair” good to consumers. When the unfair good is traded, a negative externality is imposed
Francisco Gomez Martinez, Sander Onderstal, Maarten Pieter Schinkel   +2 more
wiley   +1 more source

An Application of Nash-Moser Theorem to Smooth Solutions of One-Dimensional Compressible Euler Equation with Gravity [PDF]

, 2012
We study one-dimensional motions of polytropic gas governed by the compressible Euler equations. The problem on the half space under a constant gravity gives an equilibrium which has free boundary touching the vacuum and the linearized approximation at ...
Hsu, Cheng-Hsiung, Lin, Song-Sun, Makino, Tetu, Yang, Chi-Ru   +3 more
core