Economic Journal

最新文章

• Game theory and the social contract AI翻译
  作者：Sugden, R
  作者单位：University of East Anglia
• The theory of money and financial institutions, vol 2. AI翻译
  作者：Bailey, RE
  作者单位：University of Essex
• What weight should be given to asset prices in the measurement of inflation? AI翻译
  作者：Goodhart, C
  作者单位：University of London; London School Economics & Political Science
  摘要：Besides the theoretical (Alchian/Klein, 1973) case for including asset prices in measures of inflation, there is also a practical case, that some asset prices, notably housing, are closely associated with the main trends in inflation, and via 'bubbles and busts' with output disturbances. Attempts to use the pure;Alchian/Klein methodology in practice give excessive weight to unstable asset prices, but there are more appropriate weighting schemes, derived either from econometrically measured rel...
• Endogenous growth theory. AI翻译
  作者：Agliardi, E
  作者单位：University of Bologna
• Regional integration and trade liberalization in SubSaharan Africa: Vol 2: Country case studies AI翻译
  作者：Alence, R
  作者单位：Stanford University
• The sequential prisoner's dilemma: Evidence on reciprocation AI翻译
  作者：Clark, K; Sefton, M
  作者单位：University of Manchester; University of Nottingham
  摘要：we investigate how fairness concerns influence individual behaviour in social dilemmas. Using a Sequential Prisoner's Dilemma experiment we analyse the extent to which co-operation is conditional on first-mover co-operation, repetition, economic incentives, subject pool (United Kingdom vs. United States) and gender. We find the most important variable influencing cooperation is the first-mover's choice, supporting the argument that co-operative behaviour in social dilemmas reflects reciprocati...
• An economist's guide to lottery design AI翻译
  作者：Walker, I; Young, J
  作者单位：University of Warwick
  摘要：This paper outlines the issues relevant to the design of pari-mutuel lottery games and makes inferences about game design effects from estimates of how rollovers affect sales. Lottery tickets sales depend positively on the proportion of revenue returned as prizes, positively on the skewness of the prize distribution (which depends largely on how much of the prize money goes to the jackpot), and negatively on the variance in the prize distribution (which depends largely on how much goes on smal...
• The history of the bundesbank: Lessons for the European Central Bank. AI翻译
  作者：Mafs, I
• Accounting for heterogeneity, diversity and general equilibrium in evaluating social programmes AI翻译
  作者：Heckman, J
  作者单位：University of Chicago
  摘要：This paper considers the merits and limitations of alternative criteria proposed to evaluate social programmes in the modern welfare state and the information required Lo implement them when individual responses to programmes are heterogeneous. Participation in programmes is based, in part, on this heterogeneity and the programmes have general equilibrium impacts oil the economy. Particular attention is devoted to the voting criterion used in modern positive political economy and the ranking o...
• Fiscal discipline and exchange rate systems AI翻译
  作者：Canzoneri, MB; Cumby, RE; Diba, BT
  作者单位：Georgetown University
  摘要：A new 'fiscal' theory of price determination has implications for exchange rate systems and common currency areas. We show that deeper monetary integration requires the discipline of a Ricardian regime; that is, the government must guarantee fiscal solvency for any sequence of prices or exchange rates. Particularly striking results are that a currency peg is not credible without the discipline of a Ricardian regime, and a common currency area is not viable if fiscal policy in two (or more) of ...