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Neyapti, Bilin - 2010

This paper proposes an original formal framework to analyze institutional evolution. Institutions have formal (F) and informal (N) aspects that may evolve at different paces, although eventually converging towards each other through an dynamic interactive process. N evolves with capital...

Persistent link: https://www.econbiz.de/10010276064

Is monetary financing inflationary? A case study of the Canadian economy, 1935 - 75

Ryan-Collins, Josh - 2015

Historically high levels of private and public debt coupled with already very low short-term interest rates appear to limit the options for stimulative monetary policy in many advanced economies today. One option that has not yet been considered is monetary financing by central banks to boost...

Persistent link: https://www.econbiz.de/10011545308

Government size, civic capital and economic performance: An O-ring approach

Mauro, Luciano; Pigliaru, Francesco; Carmeci, Gaetano - 2025

This paper explores how civic capital shapes the relationship between government size and economic performance. Building on an exogenousgrowth version of Barro (1990), we incorporate O-ring technology to capture task complementarity in the public sector, highlighting the role of civic capital in...

Persistent link: https://www.econbiz.de/10015361391

Coalition formation

Ray, Debraj; Vohra, Rajiv - 2013

This chapter surveys the sizable and growing literature on coalition formation. We refer to theories in which one or more groups of agents (“coalitions”) deliberately get together to jointly determine their actions. The defining idea of a coalition, in this chapter, is that of a group which...

Persistent link: https://www.econbiz.de/10010420285

On the nonemptiness of approximate cores of large games

Allouch, Nizar; Wooders, Myrna - 2014

We provide a new proof of the non-emptiness of approximate cores of games with many players of a finite number of types. Earlier papers in the literature proceed by showing that, for games with many players, equal-treatment cores of their "balanced cover games", which are non-empty, can be...

Persistent link: https://www.econbiz.de/10011380988

Bidding Rings: A Bargaining Approach

Chatterjee, Kalyan; Mitra, Manipushpak; Mukherjee, Conan - 2016

We address the issue of bidder ring formation in single and multi-unit Vickrey auctions. We address this issue in a bargaining game set up under the assumption that valuation of bidders is commonly known only amongst themselves. In the single unit case, we show that the equilibrium coalition...

Persistent link: https://www.econbiz.de/10013208712

Farsighted stable sets in hotelling's location games

Shino, Junnosuke - 2008

We apply farsighted stable set to two versions of Hotelling's location games: one with linear market and another with circular market. It is shown that there always exists a farsighted stable set in both games. In particular, the set of all location profiles that yields equal payoff across all...

Persistent link: https://www.econbiz.de/10010282833

Financialisation and the potentials for a progressive equality-, sustainability- and domestic demand-led regime: A post-Keynesian simulation approach

Hein, Eckhard; Prante, Franz; Bramucci, Alessandro - 2022

In several publications, starting more than a decade ago, Peter Flaschel and co-authors have outlined the features of a 'social capitalism' as a normative alternative to the liberal and financialised capitalism of the Anglo-Saxon type, but also to the undemocratic Chinese-type of state...

Persistent link: https://www.econbiz.de/10013412266

Varieties and interdependencies of demand and growth regimes in finance-dominated capitalism

Prante, Franz; Hein, Eckhard; Bramucci, Alessandro - 2021

We outline and simulate a stylised post-Keynesian two country stock-flow consistent model to demonstrate the interconnection of three of the main features/outcomes of finance-dominated capitalism, namely worsening income distribution for the bottom 90% households, the rise of international...

Persistent link: https://www.econbiz.de/10012745115

Ethnic inequality

Alesina, Alberto; Michalopoulos, Stelios; Papaioannou, Elias - 2012

countries. We construct measures of ethnic inequality combining ethnolinguistic maps on the spatial distribution of groups with … satellite images of light density at night. Ethnic inequality is strongly inversely related to per capita income; this pattern … holds when we condition on the overall degree of spatial inequality -that is also associated with underdevelopment. We …

Persistent link: https://www.econbiz.de/10010420261