Results 111 to 120 of about 3,618 (222)
Employee Fraud and the Statute of Limitations in a Search and Matching Model
ABSTRACT This paper integrates employee fraud into a Mortensen‐Pissarides search and matching model to analyze labor market dynamics under imperfect legal enforcement. We introduce a time‐dependent punishment structure where the offender's effective liability is governed by the statute of limitations. We characterize both short‐ and long‐run equilibria,
Mauricio Benegas, José Freire Júnior
wiley +1 more source
A Formal Theory of Robert Nozick's Framework for Utopia
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 Analysis of the Behavior of Generators in the Two-Level Market Model of Functioning of the EPS
Electricity market model of interaction between producers (Generation Companies – GC) and System Operator (SO) is considered. We analyze the situation when power producers try to increase their profit distorting their technical parameters.
N. Dresvyanskaya
doaj
The Role of Labour Market Institutions in Shaping Euro Area Monetary Policy Transmission
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
Anomaly detection using the Nash equilibrium in a multi-agent system
S.31-41In order to support operators of surveillance systems and to improve their situation awareness, the automatic detection of unusual behavior and anomalies can provide an essential contribution.
Anneken, M.
core
Tariff: The Most Beautiful Word in the Dictionary?
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
Abstract In many environmental problems, emissions are hard to monitor and abatement costs are privately known. We study how efficient abatement nevertheless can be induced through market‐like arrangements that condition transfers on verifiable abatement rather than on measured emissions.
Jens Gudmundsson +2 more
wiley +1 more source
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
Social Games: Matching and the Play of Finitely Repeated Games [PDF]
We examine a new class of games, which we call social games, where players not only choose strategies but also choose with whom they play. A group of players who are dissatisfied with the play of their current partners can join together and play a new ...
Matthew O. Jackson, Alison Watts
core
Abstract This paper investigates the impact of a private brand (PB) introduction by an e‐commerce platform. Contrary to previous research, the platform allows competing manufacturers to sell their national brands (NBs) directly to consumers for an agency fee. Our game‐theoretic analysis allows us to derive the following key insights.
Salma Karray, Simon P. Sigué
wiley +1 more source

