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Department of Economics: Recent submissions
Now showing items 341-360 of 415
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(University of Oregon, Dept. of Economics, 2004-09-20)Previous models of the popular vote in U.S. Presidential elections emphasize economic growth and price stability, the role of parties and incumbency, and pre-election expectations for the future. Despite the closeness of ...
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(University of Oregon, Dept. of Economics, 2004-03)Long-term care currently comprises almost 10% of national health expenditures and is projected to rise rapidly over coming decades. A key, and relatively poorly understood, element of long-term care is home health care. I ...
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(University of Oregon, Dept. of Economics, 2004-02)Prior empirical evidence finds that merit-aid programs such as the Georgia Hope Scholarship yield large and significant enrollment effects, whereas need-based aid programs such as the Pell Grant yield modest and often ...
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(University of Oregon, Dept. of Economics, 2004-03-29)We examine existence and stability under learning of sunspot equilibria in a New Keynesian model incorporating inertia. Indeterminacy remains prevalent, stable sunspots abound, and inertia in IS and AS relations do not ...
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(University of Oregon, Dept. of Economics, 2004-02-19)In this note we use the Shapley value to define a valuation function. A valuation function associates with every non-empty coalition of players in a strategic game a vector of payoffs for the members of the coalition that ...
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(University of Oregon, Dept. of Economics, 2004-01)I survey the literature on network formation in situations where the possible gains from cooperation of coalitions of agents are modeled by a coalitional game. I discuss the models that appear in the literature and their ...
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(University of Oregon, Dept. of Economics, 2003-03-31)Summarizes the Orphanides-Williams argument, locates the paper within the rapidly growing literature on learning and monetary policy, and offers specific comments on natural extensions or alternative approaches.
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(University of Oregon, Dept of Economics, 2004-09-01)The paper analyzes the choice of an exchange rate regime for a small open economy indebted in foreign currency, incorporating the ¯nancial accelerator. Conventional wisdom suggests that floating regimes should insulate the ...
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(University of Oregon, Dept of Economics, 2003-09)Using longitudinal data on a cohort of high-school graduates, I show that individuals who reveal poor attitudes and low self-esteem as high-school students attain fewer years of post-secondary education relative to their ...
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(University of Oregon, Dept. of Economics, 2003-03)Anecdotal evidence suggests that new CEOs with foreign backgrounds direct their firms to become more international in their operations. We examine this hypothesis formally using data on U.S. S&P-500 manufacturing firms ...
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(University of Oregon, Dept of Economics, 2003-06-23)We introduce the E-correspondence principle for stochastic dynamic expectations models as a tool for comparative dynamics analysis. The principle is applicable to equilibria that are stable under least squares and closely ...
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(University of Oregon, Dept of Economics, 2003-10-10)We examine local strong rationality (LSR) in multivariate models with both forward-looking expectations and predetermined variables. Given hypothetical common knowledge restrictions that the dynamics will be close to those ...
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(University of Oregon, Dept of Economics, 2003-09)I develop a simple model in which production of skill-intensive headquarter services are fragmented across borders in order to take advantage of complementarities between types of skilled labor. This setting indicates that ...
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(University of Oregon, Dept of Economics, 2003-07-12)Using New Keynesian models, we compare Friedman's k-percent money supply rule to optimal interest rate setting, with respect to determinacy, stability under learning and optimality. First we review the recent literature: ...
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(University of Oregon, Dept of Economics, 2003-03-17)Earlier studies of the seigniorage inflation model have found that the high-inflation steady state is not stable under adaptive learning. We reconsider this issue and analyze the full set of solutions for the linearized ...
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(University of Oregon, Dept of Economics, 2003-09)The standard differentiated-product model with Nash-equilibrium price setting suggests that the density of sellers in a market can affect both a seller’s price elasticity of demand and a competitor’s reaction to a price ...
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(University of Oregon, Dept of Economics, 2003-03)We explore worldwide foreign direct investment location decisions by Japanese manufacturing firms from 1985 through 1991. Our conditional logit estimates provide evidence that firms’ location decisions are affected by ...
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(University of Oregon, Dept of Economics, 2003-09-01)The active "courting" of firms by municipalities, regions, and even nations has a long-standing history and the competition for firm location through a wide variety of incentives seems to have escalated to new heights in ...
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(University of Oregon, Dept. of Economics, 2003-05-16)We introduce the concept of a Misspecification Equilibrium to dynamic macroeconomics. Agents choose between a list of misspecified econometric models and base their selection on relative forecast performance. A Misspecification ...
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(University of Oregon, Dept. of Economics, 2003-04-30)We consider inflation and government debt dynamics when monetary policy employs a global interest rate rule and private agents forecast using adaptive learning. Because of the zero lower bound on interest rates, active ...
Now showing items 341-360 of 415