Search Results - subject:"Separable preferences"

Epstein-Zin preferences and their use in macro-finance models: implications for optimal monetary policy

Darracq Pariès, Matthieu; Loublier, Alexis - 2010

Epstein-Zin preferences have attracted significant attention within the macro-finance literature based on DSGE models as they allow to substantially increase risk aversion, and consequently generate non-trivial risk premia, without compromising the ability of standard models to achieve...

Persistent link: https://www.econbiz.de/10011605255

Weighted congestion games with separable preferences

Milchtaich, Igal - 2009

Players in a congestion game may differ from one another in their intrinsic preferences (e.g., the benefit they get from using a specific resource), their contribution to congestion, or both. In many cases of interest, intrinsic preferences and the negative effect of congestion are (additively...

Persistent link: https://www.econbiz.de/10010336048

Dynamic Effects of Oil Price Shocks and their Impact on the Current Account

Schubert, Stefan Franz - Volkswirtschaftliche Fakultät, … - 2009

account of a small open economy. To do this, we introduce time non-separable preferences in a standard model of a small open …

Persistent link: https://www.econbiz.de/10005037743

Individual versus group strategy-proofness: when do they coincide?

Barberà, Salvador; Berga, Dolors; Moreno, Bernardo - Departament d'Economia i Història Econòmica, … - 2009

A social choice function is group strategy-proof on a domain if no group of agents can manipulate its final outcome to their own benefit by declaring false preferences on that domain. Group strategy-proofness is a very attractive requirement of incentive compatibility. But in many cases it is...

Persistent link: https://www.econbiz.de/10005168498

Weighted Congestion Games With Separable Preferences

Milchtaich, Igal - Department of Economics, Bar Ilan University - 2008

Persistent link: https://www.econbiz.de/10008626042

The Effects of Government Spending Shocks on Consumption under Optimal Stabilization

Horvath, Michal - Centre for Dynamic Macroeconomic Analysis, University … - 2008

Keynesian setting augmented for the presence of liquidityconstrained agents and non-separable preferences. Our results provide … agents and non-separable preferences. Our results provide little evidence in support of a crowding-in effect under … and Fiscal Policy, Non-Separable Preferences, Non-Ricardian Agents. 1. Introduction We model an economy in which both …

Persistent link: https://www.econbiz.de/10005671084

Together at Last: Trade Costs, Demand Structure, and Welfare

Mrázová, Monika; Neary, J Peter - C.E.P.R. Discussion Papers - 2014

We show that relaxing the assumption of CES preferences in monopolistic competition has surprising implications when trade is restricted. Integrated and segmented markets behave very differently, the latter typically implying a form of reciprocal dumping. Globalization and lower trade costs have...

Persistent link: https://www.econbiz.de/10011084159

Habit formation and risk-free rate puzzle

Choi, Wonnho - In: International journal of financial research 5 (2014) 4, pp. 155-170

Persistent link: https://www.econbiz.de/10010459719

Inefficiencies on Linking Decisions

Hortala-Vallve, Rafael - Department of Economics, Oxford University - 2007

Jackson and Sonnenschein (2006) show that by linking collective decisions the incentive costs can become negligible and, at the limit, ex-ante efficiency can be achieved. In a voting situation this implies that the agents` intensity of preferences can be taken into account even in the absence of...

Persistent link: https://www.econbiz.de/10005051104

Common Agency Games with Separable Preferences

Andrea, Attar; Piaser, Gwenäel; Porteiro, Nicolas - Dipartimento di Economia, Università Ca' Foscari Venezia - 2006

This paper examines the role of the direct mechanisms in common agency games. We show how the introduction of a separability condition on the preferences of the agent is sufficient for a version of the Revelation Principle to hold in finite generic games. The result goes through without imposing...

Persistent link: https://www.econbiz.de/10005057155