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Economics Working Papers: Recent submissions
Now showing items 121-140 of 159
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(University of Oregon, Dept. of Economics, 2002-08-03)We investigate both the rational explosive inflation paths studied by (McCallum 2001), and the classification of fiscal and monetary polices proposed by (Leeper 1991), for stability under learning of the rational expectations ...
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(University of Oregon, Dept. of Economics, 2002-04-17)We consider a linear stochastic univariate rational expectations model, with a predetermined variable, and provide alternative representations of SSEs (stationary sunspot equilibria). For a strict subset of the parameter ...
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(University of Oregon, Dept. of Economics, 2002-02-01)No abstract submitted.
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(University of Oregon, Dept. of Economics, 2002-07-25)We extend common factor analysis to a multi-dimensional setting by considering a bivariate reduced form consistent with many Real Business Cycle type models. We show how to obtain new representations of sunspots and find ...
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(University of Oregon, Dept. of Economics, 2002-03-01)No abstract was submitted.
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(University of Oregon, Dept. of Economics, 2002-08-01)Recently the two dominant models of foreign direct investment (FDI), the horizontal and vertical models, have been synthesized into the knowledge capital (KK) model. Empirical tests, however, have found that the horizontal ...
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(University of Oregon, Dept. of Economics, 2002-05-22)Commitment in monetary policy leads to equilibria that are superior to those from optimal discretionary policies. A number of interest rate reaction functions and instrument rules have been proposed to implement or approxmiate ...
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(University of Oregon, Dept. of Economics, 2002-03-22)In this paper we study trust/reciprocity behavior in children ages eight to eighteen using an augmented version of Berg et al.â s (1995) trust game. This study is intended to inspect and reveal when certain aspects of ...
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(University of Oregon, Dept. of Economics, 2002-04-06)We examine the nonlinear model x_t = E_t F(x_(t+1)). Markov SSEs exist near an indeterminate steady state, hat(x)=F(hat(x)), provided |F'(hat(x)| > 1. Despite the importance of indeterminancy in macroeconomics, earlier ...
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(University of Oregon, Dept. of Economics, 2002-09-01)We conduct an empirical investigation into whether networking effects affect foreign direct investment (FDI) activity. Using bibliographical information on CEOs’ birth and education locations, we are able to identify changes ...
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(University of Oregon, Dept. of Economics, 2002-01-01)Model tax treaties do not require tax rate coordination, but do call for either credits or exemptions when calculating a multinational’s domestic taxes. This contradicts recent models with a single capital exporter where ...
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(University of Oregon, Dept. of Economics, 2002-06-14)Determining the productivity of individual workers engaged in team production is difficult. Monitoring expenses may be high, or the observable output of the entire team may be some single product. One way to collect ...
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(University of Oregon, Dept. of Economics, 2002-06-01)Studies of the welfare implications of trade policy often do not take account of the potential for tariff-jumping FDI to mitigate positive gains to domestic producers. We use event study methodology to examine the market ...
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(University of Oregon, Dept. of Economics, 2002-07-20)We study the development of bargaining behavior in children age seven through 18, using ultimatum and dictator games. We find that bargaining behavior changes substantially with age and that most of this change appears to ...
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(University of Oregon, Dept. of Economics, 2001-06-01)We explore the impact of bilateral tax treaties on foreign direct investment using data from OECD countries over the period 1982-1992. We find that recent treaty formation does not promote new investment, contrary to the ...
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Cooperative Multicriteria Games with Public and Private Criteria; An Investigation of Core Concepts (University of Oregon, Dept. of Economics, 2001-06-01)A new class of cooperative multicriteria games is introduced which takes into account two different types of criteria: private criteria, which correspond to divisible and excludable goods, and public criteria, which in an ...
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(University of Oregon, Dept. of Economics, 2002-01-26)Conventional wisdom attributes the severity of mortality in poorer countries to widespread poverty and inadequate living conditions. This paper considers the possibility that persistent poverty may arise, in turn, from a ...
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(University of Oregon, Dept. of Economics, 2002-07-20)The most distinctive prediction of prospect theory is the fourfold pattern (FFP) of risk attitudes. People are said to be (1) risk-seeking over low-probability gains, (2) risk-averse over low-probability losses, (3) ...
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(University of Oregon, Dept. of Economics, 2002-08-20)We examine rewards and punishments in a simple proposer-responder game. The proposer first makes an offer to split a fixed-sized pie. According to the 2×2 design, the responder is or is not given a costly option of increasing ...
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(University of Oregon, Dept. of Economics, 2001-01-01)This paper derives welfare equivalence of double taxation rules in a tax competition model with discriminatory home taxes and the ability to finance subsidiary operations with host country capital. For a more general model, ...
Now showing items 121-140 of 159