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Economics Working Papers: Recent submissions
Now showing items 81-100 of 159
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(University of Oregon, Dept. of Economics, 2003-11)It is well established that the threat of antidumping duties can help sustain collusion between a foreign firm and its domestic counterpart. However, when the foreign firm is a multinational, its subsidiary will fight ...
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(University of Oregon, Dept. of Economics, 2004-03)We develop a structural option price model in which individuals choose among competing risk-mitigating programs to alter their probability of experiencing future years in various degraded health states. The novel aspects ...
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(University of Oregon, Dept. of Economics, 2003-11-01)We introduce monitored bank loans and non-monitored tradeable securities as sources of external finance for firms in a dynamic general equilibrium model. Due to frictions arising from moral hazard, access to credit and ...
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(University of Oregon, Dept. of Economics, 2004-09)Recent publicity about “concierge physicians” has raised concerns about the potential adverse effects of allowing physicians to bill their patients for fees that are above normal copayments and insurance reimbursements. ...
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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 ...
Now showing items 81-100 of 159