Results 91 to 100 of about 47,565,176 (190)

HABIT FORMATION: INPLICATIONS FOR THE WEALTH DISTRIBUTION [PDF]

open access: yes
In this paper we study the role of habit formation in shaping the wealth distribution in an otherwise standard heterogeneous agents model economy with idiosyncratic uncertainty.
Antonia Díaz   +2 more
core  

A MATCHING MODEL OF CROWDING-OUT AND ON-THE- JOB SEARCH (WITH AN APPLICATION TO SPAIN) [PDF]

open access: yes
This paper considers a matching model of heterogenous and jobs which includes on-the-job search. High-educated workers transitorily accept unskilled jobs and continue to search for skilled jobs.
Juan F. Jimeno   +2 more
core  

EXTREME VOTING UNDER PROPORTIONAL REPRESENTATION:THE MULTIDIMENSIONAL CASE [PDF]

open access: yes
We study the strategic behavior of voters in a model of proportional representation, in which the policy space is multidimensional. Our main finding is that in large electorate, under some assumptions on voters' preferences, voters essentially vote, in ...
Francesco De Sinopoli   +1 more
core  

TWO-SIDED PLATFORMS WITH ENDOGENOUS QUALITY DIFFERENTIATION [PDF]

open access: yes
In this paper we construct a simple model of platform price competition with two main novel features. First, platforms endogenously decide the quality of their `access service' and second, each group exhibits preferences not only about the number of ...
María Fernanda Viecens
core  

UPSTREAM HORIZONTAL MERGERS, BARGAINING, VERTICAL CONTRACTS [PDF]

open access: yes
Contrary to the seminal paper of Horn and Wolinsky (1988), we demonstrate that upstream firms, which sell their products to competing downstream firms, do not always have incentives to merge horizontally. In particular, we show that when bargaining takes
Chrysovalantou Milliou   +1 more
core  

DECENTRALIZED TRADE, RANDOM UTILITY AND THE EVOLUTION OF SOCIAL WELFARE [PDF]

open access: yes
We study decentralized trade processes in general exchange economies and house allocation problems with and without money. The processes are subject to persistent random shocks stemming from agents’ maximization of random utility.
Michihiro Kandori   +2 more
core  

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