Search Results - isPartOf:"Studies in Economics"

Alan, Sule; Atalay, Kadir; Crossley, Thomas F. - Department of Economics, McMaster University - 2006

RESEARCH INSTITUTE FOR QUANTITATIVE STUDIES IN ECONOMICS AND POPULATION QSEP DO THE RICH SAVE MORE IN CANADA? SULE … Quantitative Studies in Economics and Population (QSEP) is an interdisciplinary institute established at McMaster University to … encourage and facilitate theoretical and empirical studies in economics, population, and related fields. For further …

Persistent link: https://www.econbiz.de/10005635304

Structural Robustness of Large Games

Kalai, Ehud - Center for Mathematical Studies in Economics and … - 2006

This short survey discusses recent findings on the robustness of Nash equilibria of strategic games with many semianonymous players. It describes the notion of structural robustness and its general consequences, as well as implications to particular games, such as ones played on the web and...

Persistent link: https://www.econbiz.de/10005824373

Voting in small networks with cross-pressure

Andina-Díaz, Ascensión; Meléndez-Jiménez, Miguel A. - Center for Mathematical Studies in Economics and … - 2006

We present a model of participation in elections in small networks, in which citizens su¤er from cross-pressures if voting against the alternative preferred by some of their social contacts. We analyze how the existence of cross-pressures may shape voting decisions, and so, political outcomes;...

Persistent link: https://www.econbiz.de/10005824418

Trading for the Future: Signaling in Permit Markets

Harstad, Bard; Eskeland, Gunnar S. - Center for Mathematical Studies in Economics and … - 2006

Tradable permits are celebrated as a political instrument since they allow (i) firms to equalize marginal abatement costs through trade and (ii) the government to distribute the burden of the policy in a politically fair and feasible way. These two concerns, however, conflict in a dynamic...

Persistent link: https://www.econbiz.de/10005252296

Bond Portfolios and Two-Fund Separation in the Lucas Asset-Pricing Model

Judd, Kenneth L.; Kubler, Felix; Schmedders, Karl - Center for Mathematical Studies in Economics and … - 2006

The two-fund separation theorem from static porfolio analysis generalizes to dynamic Lucas-style asset model only when a consol is presemt. If all bonds have finite maturity and do not span the consol, then equilibrium will devitate, often significantly, from two-fund separation even with the...

Persistent link: https://www.econbiz.de/10005252434

An Approach to Bounded Rationality

Ben-Sasson, Eli; Kalai, Adam Tauman; Kalai, Ehud - Center for Mathematical Studies in Economics and … - 2006

A central question in game theory and artificial intelligence is how a rational agent should behave in a complex environment, given that it cannot perform unbounded computations. We study strategic aspects of this question by formulating a simple model of a game with additional costs...

Persistent link: https://www.econbiz.de/10005252470

The Long-Run Cost of Job Loss as Measured by Consumption Changes

Browning, Martin; Crossley, Thomas F. - Department of Economics, McMaster University - 2006

RESEARCH INSTITUTE FOR QUANTITATIVE STUDIES IN ECONOMICS AND POPULATION QSEP THE LONG-RUN COST OF JOB LOSS AS … Quantitative Studies in Economics and Population (QSEP) is an interdisciplinary institute established at McMaster University to … encourage and facilitate theoretical and empirical studies in economics, population, and related fields. For further …

Persistent link: https://www.econbiz.de/10005181101

Physician Labour Supply in Canada: a Cohort Analysis

Crossley, Thomas F.; Hurley, Jeremiah; Jeon, Sung-Hee - Department of Economics, McMaster University - 2006

RESEARCH INSTITUTE FOR QUANTITATIVE STUDIES IN ECONOMICS AND POPULATION QSEP PHYSICIAN LABOUR SUPPLY IN CANADA: A … Studies in Economics and Population (QSEP) is an interdisciplinary institute established at McMaster University to encourage … and facilitate theoretical and empirical studies in economics, population, and related fields. For further information …

Persistent link: https://www.econbiz.de/10005181113

Well-Being Throughout the Senior Years: An Issues Paper on Key Events and Transitions in Later Life

Denton, Margaret; Kusch, Karen - Department of Economics, McMaster University - 2006

RESEARCH INSTITUTE FOR QUANTITATIVE STUDIES IN ECONOMICS AND POPULATION QSEP WELL-BEING THROUGHOUT THE SENIOR YEARS … Institute for Quantitative Studies in Economics and Population (QSEP) is an interdisciplinary institute established at McMaster … University to encourage and facilitate theoretical and empirical studies in economics, population, and related fields. For …

Persistent link: https://www.econbiz.de/10005181122

Socially Optimal Coordination: Characterization and Policy Implications

Angeletos, George-Marios; Pavan, Alessandro - Center for Mathematical Studies in Economics and … - 2006

In recent years there has been a growing interest in macro models with heterogeneity in information and complementarity in actions. These models deliver promising positive properties, such as heightened inertia and volatility. But they also raise important normative questions, such as whether...

Persistent link: https://www.econbiz.de/10008597115