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The classical Wage Fund (Capital or Credit) framework is integrated with the simplest text-book version of the … theory involving capital and labour without neo-classical assumptions. Interestingly the growth story of the model seems to … critical contemporary issues without the ammunitions of a more complex neo-classical system. Trade pampers inequality all …
Persistent link: https://www.econbiz.de/10012312232
We prove a \no-speculative-trade" theorem under unawareness for the infinite case. This generalizes the result for the …
Persistent link: https://www.econbiz.de/10009782964
We generalize the ``No-speculative-trade" theorem for finite unawareness belief structures in Heifetz, Meier, and …
Persistent link: https://www.econbiz.de/10010250539
and technology, and ICT trade impact globalization in market and transition economies. Research methodology - Authors …, digitalization is the factor that has the highest positive impact on globalization in market economies, while ICT trade has the …
Persistent link: https://www.econbiz.de/10015052625
By analyzing a unique dataset from Germany’s evaluation of COVID-19 antigen rapid tests, we show that Chinese firms can excel under today’s global competition and produce tests at quality levels higher than China’s income level would suggest. We find these achievements are positively...
Persistent link: https://www.econbiz.de/10014433413
By analyzing a unique dataset from Germany's evaluation of COVID-19 antigen rapid tests, we show that Chinese firms can excel under today's global competition and produce tests at quality levels higher than China's income level would suggest. We find these achievements are positively associated...
Persistent link: https://www.econbiz.de/10014425542
While most countries have harmonized intellectual property rights (IPR) legislation, the dispute about the optimal level of IPR-enforcement remains. This paper develops an endogenous growth framework with two open economies satisfying the classical North-South assumptions to study (a)...
Persistent link: https://www.econbiz.de/10009312504
I develop two related solution concepts, equilibrium coalitional behavior and credible equilibrium coalitional behavior, which capture foresight and impose the requirement that each coalition in a sequence of coalitional moves chooses optimally among all its available options. The model does not...
Persistent link: https://www.econbiz.de/10012308618
We analyze a college admissions game with asymmetric information between students and colleges. Students' preferences for colleges depend on the observable quality of the schools. In contrast, colleges' preferences for students depend on the latter's abilities, which are private information....
Persistent link: https://www.econbiz.de/10012166000
, based on the assumption that players are cautious. For games with positive spillovers, many coalition structures may belong …
Persistent link: https://www.econbiz.de/10011591399