Search Results - subject:"precommitment"

A Dynamic Model of Trade Union Contract Duration

Bodman, Philip M.; Devereux, Michael B. - 1993

depends on a basic welfare trade-off between the benefits of wage precommitment and the costs of reduced ex-post wage …

Persistent link: https://www.econbiz.de/10011940543

Environmental Regulation and Technological Innovation with Spillovers

Banerjee, Samiran; Gata, João E. - ISEG - School of Economics and Management, Department … - 2004

We present a two-period dynamic model of standard setting under asymmetric information to model the attempts by the Califormia Air Resources Board (CARB) in getting car manufacturers to comply with its phase-in of stringent emissions standards. After CARB chooses an initial emissions standard...

Persistent link: https://www.econbiz.de/10005628409

Labour market flexibility and policy coordination in a monetary union

Rantala, Anssi - EconWPA - 2004

Sufficiently flexible labour markets are considered an important precondition for countries to benefit from membership in the monetary union. Economic policy coordination within the European Community is extensive and includes issues related to labour market structures. In this paper we study...

Persistent link: https://www.econbiz.de/10005412650

How Important is Precommitment for Monetary Policy?

Soderstrom, Ulf; Dennis, Richard - Society for Computational Economics - SCE - 2003

Persistent link: https://www.econbiz.de/10005132907

Game-Playing Agents: Unobservable Contracts as Precommitments

Katz, Michael L. - Institute of Business and Economic Research (IBER), … - 1991

Persistent link: https://www.econbiz.de/10010677804

Policy Pre-Commitment and Institutional Design: A Synthetic Indicator Applied to Currency Boards

Gilson, Marie-Thérèse Camilleri - Economics Department, Organisation de Coopération et … - 2002

Europe and Asia (as well as that of Argentina until 2001) and derives a synthetic indicator of institutional pre-commitment …

Persistent link: https://www.econbiz.de/10005045978

Production uncertainty and trade policy commitment

Gervais, Jean-Philippe - In: The Journal of International Trade & Economic Development 10 (2001) 1, pp. 1-21

Agricultural markets are characterized by production and marketing lags. Uncertainty is also an inherent feature of agricultural markets. This paper investigates if two policy active importers will choose to commit to their import levels or keep the flexibility to revise their ex-ante import...

Persistent link: https://www.econbiz.de/10005505279

Solving for Optimal Simple Rules in Rational Expectations Models

Dennis, Richard - Society for Computational Economics - SCE - 2001

pre-commitment and discretionary solutions are considered. The techniques described are notable for the flexibility they …

Persistent link: https://www.econbiz.de/10005132865

Learning by doing, precommitment and infant industry promotion

Leahy, Dermot; Neary, J. Peter - 1999

We examine the implications for strategic trade policy of different assumptions about precommitment in a two … export subsidy. In the linear case the optimal subsidy is increasing in the rate of learning with government precommitment …, precommitment and infant-industry promotion', Review of Economic Studies, 66(2), 447-474. [The definitive version is available at …

Persistent link: https://www.econbiz.de/10009441559

To Commit or Not to Commit: Environmental Policy In Imperfectly Competitive Markets

Petrakis, Emmanuel; Xepapadeas, Anastasios - Department of Economics, University of Crete

environmental innovation, profits and welfare are higher relative to the precommitment case. The monopoly results extend to the … either policy regime- precommitment or time consistent-depending on the numbers of firms in the industry. …

Persistent link: https://www.econbiz.de/10004994337