Search Results - subject:"complementarities"

Games of strategic complementarities: An application to bayesian games

Vives, Xavier - IESE Business School, Universidad de Navarra - 2007

Games of strategic complementarities are those in which any player increases his action in response to an increase in … the level of actions of rivals. This paper provides an introduction to the theory of games of strategic complementarities …

Persistent link: https://www.econbiz.de/10005030194

Identifying Challenges for Sustained Adoption of Alternative Fuel Vehicles and Infrastructure

Struben, Jeroen J.R. - Sloan School of Management, Massachusetts Institute of … - 2007

-evolutionary dynamics between infrastructure supply and vehicle demand. Vehicles and fueling infrastructure are complementarities and their …

Persistent link: https://www.econbiz.de/10005587508

Complementarities and Costly Investment in a One-Sector Growth Model

Thompson, Maria João - Núcleo de Investigação em Políticas Económicas … - 2007

The presence of complementarities generally makes a growth model nonlinear, hence delivering multiple equilibria … of complementarities between capital goods in the production function and of internal costly investment in capital. We … find that with such combination of complementarities and costly investment, the growth model delivers a single equilibrium. …

Persistent link: https://www.econbiz.de/10005771646

Regional Unemployment and Human Capital in Transition Economies

Jurajda, Stepan; Terrell, Katherine - Center for Economic Research and Graduate Education and … - 2007

complementarities in skill and capital. Nevertheless, we find no supporting evidence of human capital wage spillovers implied by the … complementarities story. Unemployment of the least-skilled workers appears lower in areas with a higher share of college-educated labor …

Persistent link: https://www.econbiz.de/10005738160

Price Stickiness in Ss Models: New Interpretations of Old Results

Caballero, Ricardo J.; Engel, Eduardo M.R.A. - Economic Growth Center, Economics Department - 2007

What is the relation between infrequent price adjustment and the dynamic response of the aggregate price level to monetary' shocks? The answer to this question ranges from a one-to-one link (Calvo, 1983) to no connection whatsoever (Caplin and Spulber, 1987). The purpose of this paper is to...

Persistent link: https://www.econbiz.de/10005357742

Rethinking the effects of immigration on wages

Ottaviano, Gianmarco I. P.; Peri, Giovanni - Hamburgisches WeltWirtschaftsInstitut (HWWI) - 2007

This paper asks the following important question: what was the effect of surging immigration on average and individual wages of U.S.-born workers during the period 1990-2004? Building on section VI I of Borjas (2003) we emphasize the need for a general equilibrium approach to analyze this...

Persistent link: https://www.econbiz.de/10009211096

The Growing Relationship Between China and Sub-Saharan Africa : Macroeconomic, Trade, Investment, and Aid Links

Zafar, Ali - In: World Bank Research Observer 22 (2007) 1, pp. 103-130

China’s economic ascendance over the past two decades has generated ripple effects in the world economy. Its search for natural resources to satisfy the demands of industrialization has led it to Sub-Saharan Africa. Trade between China and Africa in 2006 totaled more than $50 billion, with...

Persistent link: https://www.econbiz.de/10015361117

Rethinking the Gains from Immigration: Theory and Evidence from the U.S.

Ottaviano, Gianmarco I.P.; Peri, Giovanni - 2006

education and experience levels are imperfectly substitutable. Accounting carefully for these complementarities and for the …

Persistent link: https://www.econbiz.de/10010312345

The effects of immigration on California's labor market

Peri, Giovanni - 2006

As of 2004 California employed almost 30% of all foreign born workers in the U.S. and was the state with the largest percentage of immigrants in the labor force. It also received a very large number of Mexican and uneducated immigrants during the recent decades. If immigration harms the labor...

Persistent link: https://www.econbiz.de/10010266409

Modernizing China's growth paradigm

Prasad, Eswar S.; Rajan, Raghuram G. - 2006

China has achieved tremendous economic progress in the last three decades, but there is much work to be done to make the economy resilient to large shocks, ensure the sustainability of its growth, and translate this growth into corresponding improvements in the economic welfare of its citizens....

Persistent link: https://www.econbiz.de/10010267938