Now showing items 59-78 of 273

  • Does US monetary policy respond to oil and food prices? 

    Kara, E (Elsevier, 2017-01-07)
    © 2016 Elsevier LtdA common view is that US monetary policy does not respond to changes in volatile energy and food prices. Despite this view, the popular New Keynesian models assume Taylor-type rules under which the ...
  • Domestic and trade equivalences of state trading importers 

    McCorriston, Steve; MacLaren, Donald (Wiley, 2013-10-22)
    Market intermediaries in importing countries in the form of state trading enterprises (STEs) involve government manipulation of market structure that can be designated a nontariff measure because they are perceived to ...
  • Dragon slaying with ambiguity: theory and experiments 

    Kelsey, D; Roux, S (Wiley, 2016-03)
    This paper studies the impact of ambiguity in the best shot and weakest link models of public good provision. The models are Örst analysed theoretically. Then we conduct experiments to study how ambiguity a§ects behaviour ...
  • Dynamic moral hazard and stopping 

    Mason, Robin; Valimaki, Juuso (Wiley-Blackwell, 2013-02-13)
    We propose a simple model of optimal stopping where the economic environment changes as a result of learning. A primary application of our framework is the problem of how optimally to sell an asset, when the demand for ...
  • Economic voting in Britain, 1857-1914 

    Hodgson, Robert; Maloney, John (Elsevier, 2012-12)
    Despite limited government control over the pre-1914 economy, opposition politicians were enthusiastic in blaming bad economic news on the incumbent. In a study of 458 by-elections between 1857 and 1914, we find that voters ...
  • Economics of taxation within a federal context 

    James, Simon (University of Exeter, 2002)
    The economic principles regarding taxation in a federal context are re-examined in the context of European tax harmonisation. It is suggested that the concept of subsidiarity could be more helpful in progress towards ...
  • The effect of charitable giving on workers’ performance: Experimental evidence 

    Charness, G; Cobo-Reyes, R; Sánchez, Á (Elsevier, 2016-11-01)
    We investigate how donating worker earnings for voluntary extra work, a form of corporate social responsibility, affects worker behavior. Participants entered data for 60 minutes, with piece-rate pay. They could then stay ...
  • The Effect of Competition on Executive Compensation and Incentives: Evidence from a Quasi-natural Experiment 

    Fernandes, APO; Winters, LA; Ferreira, P (University of Wisconsin Press, 2017)
    This paper studies the effect of increased product market competition on executive compensation and incentives. We use a reform that simplified firm entry regulation in Portugal as a quasi-natural experiment, and exploit ...
  • The effect of social fragmentation on public good provision : an experimental study 

    Chakravarty, Surajeet; Fonseca, Miguel A. (University of Exeter Business School, 2012)
    We study the role of social identity in determining the impact of social fragmentation on public good provision using laboratory experiments. We find that as long as there is some degree of social fragmentation, increasing ...
  • The effect of social fragmentation on public good provision : an experimental study 

    Chakravarty, Surajeet; Fonseca, Miguel A. (Elsevier, 2014-12)
    We study the role of social identity in determining the impact of social fragmentation on public good provision using laboratory experiments. We find that as long as there is some degree of social fragmentation, increasing ...
  • The effects of induced emotions on pro-social behaviour 

    Drouvelis, M; Grosskopf, B (Elsevier, 2016-02-01)
    Emotions are commonly experienced and expressed in human societies; however, their consequences on economic behaviour have received only limited attention. This paper investigates the effects of induced positive and negative ...
  • The effects of market structure on industry growth: rivalrous nonexcludable capital 

    Koulovatianos, Christos; Mirman, Leonard J. (Elsevier, 2007-03)
    We analyze imperfect competition in dynamic environments where firms use rivalrous but nonexcludable industry-specific capital that is provided exogenously. Capital depreciation depends on utilization, so firms influence ...
  • Egocentric framing - one way people may fail in aswitch dilemma: evidence from excessive lane switching 

    Navon, David; Kaplan, Todd R.; Kasten, Ronen (Elsevier, 2013-11)
    To study switching behavior, an experiment mimicking the state of a driver on the road was conducted. In each trial participants were given a chance to switch lanes. Despite the fact that lane switching had no sound rational ...
  • Endogenous cartel formation: experimental evidence 

    Fonseca, Miguel A.; Normann, Hans-Theo (Elsevier, 2014-11)
    In a Bertrand-oligopoly experiment, firms choose whether or not to engage in cartel-like communication and, if so, they may get fined by a cartel authority. We find that the four-firm industries form cartels more often ...
  • Endogenous debt constraints in collateralized economies with default penalties 

    Vailakis, Yiannis; Martins-da-Rocha, V. Filipe (Elsevier, 2011)
    The objective of the paper is to propose endogenous debt constraints that rule out Ponzi schemes and ensure existence of equilibria in a model with limited commitment and (possible) default. We appropriately modify the ...
  • Endogenous Sanctioning Institutions and Migration Patterns: Experimental Evidence 

    Cobo-Reyes, R; Katz, G; Meraglia, S (University of Exeter, 2017)
    We experimentally analyze the effect of the endogenous choice of sanctioning institutions on cooperation and migration patterns across societies. In our experiment, subjects are allocated to one of two groups, are endowed ...
  • Equally-distributed equivalent utility, ex post egalitarianism and Utilitarianism 

    Grant, Simon; Kajii, Atsushi; Polak, Ben; Safra, Zvi (Elsevier, 2012)
    We provide an axiomatization of expected equally-distributed equivalent-utility social welfare functions in the context of Harsanyi's impartial observer theorem. For this family of social welfare functions, we show what ...
  • Establishing conditions for the functional central limit theorem in nonlinear and semiparametric time series processes 

    Davidson, James (Elsevier, 2002)
    This paper considers methods of deriving sufficient conditions for the central limit theorem and functional central limit theorem to hold in a broad class of time series processes, including nonlinear processes and ...
  • Estimation of linear dynamic panel data models with time-invariant regressors 

    Kripfganz, S; Schwarz, C (European Central Bank, 2015)
    We propose a two-stage estimation procedure to identify the effects of time-invariant regressors in a dynamic version of the Hausman-Taylor model. We first estimate the coeffi- cients of the time-varying regressors and ...
  • Evaluating the role of firm-specific capital in new Keynesian models 

    Madeira, João (University of Exeter Business School, 2012)
    In this paper I make use of Bayesian methods to estimate a firm-specific capital DSGE model with Calvo price and wage setting. This approach allows me to firmly conclude that firm-specific capital is highly relevant in ...