1994

最新文章

• PREFERENCE, BELIEF, AND WELFARE AI翻译
  作者：HAUSMAN, D; MCPHERSON, M
  作者单位：Williams College
• LOW-WAGE EMPLOYMENT SUBSIDIES VERSUS THE WELFARE-STATE AI翻译
  作者：PHELPS, ES
• JUMPING THE GUN - IMPERFECTIONS AND INSTITUTIONS RELATED TO THE TIMING OF MARKET TRANSACTIONS AI翻译
  作者：ROTH, AE; XING, XL
  作者单位：National University of Singapore
  摘要：This paper concerns the difficulties associated with establishing a time at which a market will operate. We first describe the experience of several dozen markets and submarkets, from entry-level professional labor markets in the United States, Canada, England, and Japan, to the (American) market for postseason college football bowls. The difficulties these markets have experienced in coordinating the timing of transactions have been decisive in determining how they are organized today. The pa...
• NORTH SOUTH TRADE AND THE GLOBAL ENVIRONMENT AI翻译
  作者：CHICHILNISKY, G
  作者单位：Columbia University
  摘要：Differences in property rights create a motive for trade among otherwise identical regions. Two regions with identical technologies, endowments, and preferences will trade if one, the South, has ill-defined property rights on environmental resources. Trade with a region with well-defined property rights transmits and enlarges the problem of the commons: the North overconsumes underpriced resource-intensive products imported from the South. This occurs even though trade equalizes all prices, of...
• AGGREGATION AND SIMPLE DYNAMICS AI翻译
  作者：LEWBEL, A
  摘要：The koyck (geometric) lag or AR(1) specification is a commonly proposed behavioral model, sometimes after differencing. The distribution of koyck lag or AR(1) coefficients across agents in an economy is shown to be completely identified just from the dynamic behavior of aggregate (macroeconomic) data. Aggregate testable implications of an economy composed of agents having koyck lags or AR(l) models are provided Extensions to higher-order and time-varying lags are discussed. Aggregate U.S. cons...
• PRODUCTIVITY, RESEARCH-AND-DEVELOPMENT, AND THE DATA CONSTRAINT AI翻译
  作者：GRILICHES, Z
  作者单位：National Bureau of Economic Research
• EVOLUTION OF TIME PREFERENCE BY NATURAL-SELECTION AI翻译
  作者：ROGERS, AR
  摘要：This paper entertains the hypothesis that human time preferences are in evolutionary equilibrium (i.e. that no mutation changing time preferences could be favored by natural selection). This hypothesis implies that the marginal rate of substitution (MRS) holding Darwinian fitness constant must equal the MRS holding utility constant. Furthermore, in a market economy the latter must equal the MRS in exchange. Exploiting these principles, I find that the long-term real interest rate should equal ...
• PSYCHOLOGY AND SAVINGS POLICIES AI翻译
  作者：THALER, RH
• THE GREAT IRISH FAMINE AND POPULATION - THE LONG VIEW AI翻译
  作者：GUINNANE, TW
• EARNINGS UNCERTAINTY AND AGGREGATE WEALTH-ACCUMULATION - COMMENT AI翻译
  作者：IRVINE, I; WANG, SS
  作者单位：University of Hong Kong