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作者：ESPINOSAVEGA, MA; YIP, CK
作者单位：University System of Georgia; Georgia State University
摘要：The motivation of this paper rests on the attempts by some groups of countries to coordinate their macroeconomic policies. Implicit in these attempts is the notion that coordination by at least some countries is better than zero coordination. We use a dynamic general equilibrium model of international coordination to study the properties of a partial coordination scheme. We find that, indeed, some coordination is Pareto superior to zero coordination. Although a free-riding incentive problem ar...
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作者：MANDY, DM; MARTINSFILHO, C
作者单位：University of Tennessee System; University of Tennessee Knoxville; Oregon State University
摘要：Asymptotic equivalence of Aitken and feasible Aitken estimators in linear models with nonscalar identity error covariance matrices is usually established in a tedious case-by-case manner. Some general sufficient conditions for this equivalence exist, but there are problems with the extant conditions. These problems are discussed, and new widely applicable sufficient conditions are presented and applied to a variety of error structures.
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作者：FEENSTRA, RC; MARKUSEN, JR
作者单位：University of Colorado System; University of Colorado Boulder; National Bureau of Economic Research
摘要：This paper examines the aggregate production function in an economy characterized by the creation of new, intermediate inputs. We show how growth can be decomposed into changes in higher quantities of existing inputs, and a greater range of inputs. Indexes of total factor productivity would reflect the latter. We also construct a dynamic monopolistic-competition model in which products are endogenously introduced, and simulate that model to produce artificial data. When used in standard growth...
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作者：CHANG, CH; LEE, CWJ
作者单位：Tulane University; Hong Kong University of Science & Technology
摘要：This paper studies the optimal pricing scheme for a monopolistic marketing research consultant who sells high-cost proprietary marketing information to her oligopolistic clients in the manufacturing industry. In designing an optimal pricing strategy, the consultant needs to fully consider the behavior of her clients, the behavior of the existing and potential competitors to her clients and the behavior of her clients' customers. We show how the environment uncertainty, the capability of client...
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作者：HARTLEY, PR
作者单位：Australian National University
摘要：When households face credit constraints in an economy with inside as well as outside money stationary equilibrium real interest rates are below the household rate of time preference. They also depend significantly upon household risk aversion, the demand for inside versus outside money, bank costs, bank reserves, inflation, and the marginal productivity of capital and capital depreciation rates. In addition, changes in financial variables affect per capita capital and output to a greater exten...
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作者：BEETSMA, RMWJ; VANDERPLOEG, F
作者单位：University of Amsterdam
摘要：We document an empirical puzzle for EMS exchange rates during a period in which the bands on these exchanges rates were (almost) credible, i.e. exchange mte distributions are hump-shaped rather than U-shaped as predicted by the standard target zone model. We offer an explanation of this puzzle which is based on the combination of two realistic features, namely the presence of intramarginal interventions and wage/price sluggishness.
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作者：BISHOP, JA; CHOW, KV; FORMBY, JP
作者单位：University of North Carolina; East Carolina University; West Virginia University; University of Alabama System; University of Alabama Birmingham
摘要：Asymptotically distribution free statistical tests for comparing absolute and relative Lorenz and concentration curves are provided. The procedures do not require independent samples and can be used to test for marginal changes in income distributions. The tests are illustrated using a large sample of tax returns that have been randomly selected for audit by the Internal Revenue Service. The tests reveal the marginal effects of systematic underreporting of income and tax liabilities on the U.S...
