Results 41 to 50 of about 1,224 (172)

Adding Realism to Theories of Taxpayer Compliance

Southern Economic Journal, EarlyView.
ABSTRACT Explaining why people pay taxes has not been a central focus in the many important contributions of Jim Cox. Even so, I argue here that his work has greatly affected the way that we think about taxpayer compliance, by adding both directly and indirectly much needed realism to the theories and the applications of compliance. These contributions
James Alm
wiley   +1 more source

Applied theory makeovers

Economica, EarlyView.
Abstract I argue that economists' distinction between ‘pure’ and ‘applied’ economic theory is often based on papers' stylistic markers rather than their methodology or scope. I illustrate this point with a model of price competition for boundedly rational consumers, due to Piccione and Spiegler. I first present its original, ‘pure style’ version.
Ran Spiegler
wiley   +1 more source

A informalidade no mercado de trabalho e o impacto das instituições: uma análise sob a ótica da teoria dos jogos

Economia Aplicada, 2008
Este artigo analisa a informalidade no mercado de trabalho, com um jogo dinâmico infinito entre empregador e empregados, no qual a Justiça Trabalhista é representada parametricamente.
Fernando B. Meneguin, Maurício S. Bugarin   +1 more
doaj   +1 more source

RPM and Vertical Integration With Upstream Competition and Noncontractible Efforts

The Journal of Industrial Economics, EarlyView.
ABSTRACT We study RPM and vertical integration in a common agency setting with two differentiated manufacturers and one retailer, where consumer demand depends on both the manufacturers' and retailer's noncontractible efforts. Under vertical separation, the adoption of maximum RPM by both manufacturers is an equilibrium and intensifies competition ...
Michele Bisceglia, Mark Israel, Salvatore Piccolo, Paolo Ramezzana   +3 more
wiley   +1 more source

Bad NGOs? Competition in the Market for Donations and Workers' Misconduct

The Journal of Industrial Economics, EarlyView.
ABSTRACT In this paper, we investigate how competition among NGOs to attract donations shapes the incentives that NGOs provide to their employees. NGOs hire workers to undertake development projects, which are horizontally and vertically differentiated.
Nadia Burani, Ester Manna
wiley   +1 more source

Markov Perfect Nash Equilibrium in stochastic differential games as solution of a generalized Euler Equations System [PDF]

, 2008
This paper gives a new method to characterize Markov Perfect Nash Equilibrium in stochastic differential games by means of a set of Generalized Euler Equations.
Rincón-Zapatero, Juan Pablo, Josa-Fombellida, Ricardo   +1 more
core  

Robust Mean–Variance Portfolio Optimization: Mean–Variance–Variance Criterion Versus Mean–Variance–Standard Deviation Criterion

Mathematical Finance, EarlyView.
ABSTRACT We study a dynamic portfolio optimization problem under the mean–variance–variance (M‐V‐V) criterion proposed by Maccheroni et al. It is an analogue of the Arrow–Pratt approximation to the well‐known smooth ambiguity model. Under the standard Black–Scholes framework, we derive fully explicit equilibrium investment strategies in which a DM's ...
David Landriault, Bin Li, Yuanyuan Zhang
wiley   +1 more source

Employee Fraud and the Statute of Limitations in a Search and Matching Model

The Manchester School, EarlyView.
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

Consumers' Environmental Awareness and Firms' Managerial Delegation Contracts Under Emission Tax Policies

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

Extensive-form games and strategic complementarities [PDF]

(less than 25 lines) I prove the subgame-perfect equivalent of the basic result for Nash equilibria in normal-form games of strategic complements: the set of subgame-perfect equilibria is a non-empty, complete lattice.
Federico Echenique
core   +3 more sources