Title:Disequilibrium Dynamics With Naive Agents in the Overlapping Generations Model With Money
Author(s):SACCO, Pier LuigiDate:1993Type of Publication:ArticleAbstract:This paper studies the disequilibrium dynamics of the overlapping generations model with money under the assumption that agents are not aware of the strategic opportunities left open by nonequilibrium trade. The standard ...
Title:Distribution-Free Learning
Author(s):SCHLAG, Karl H.Date:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We select among rules for learning which of two actions in a stationary decision problem achieves a higher expected payoffs when payoffs realized by both actions are known
in previous instances. Only a bounded set containing ...
Title:Do Amenities and Diversity Encourage City Growth? A Link Through Skilled Labor
Author(s):POELHEKKE, StevenDate:2006Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The share of skilled workers in urban populations has steadily
increased since 1970 in US metropolitan areas, but more in some cities
than in others. A higher concentration of skills is a sought after asset for
cities ...
Title:Do Conditional Benefits Reduce Equilibrium Unemployment?
Author(s):VAN DER PLOEG, FrederickDate:2006Type of Publication:ArticleAbstract:Although unconditional unemployment benefits destroy jobs in competitive and noncompetitive labor markets, conditional benefits can spur job growth in noncompetitive labor markets. Unconditional benefits reduce the penalty ...
Title:Do Consumers Care about How Prices Are Set?
Author(s):COURTY, Pascal; PAGLIERO, MarioDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Using a survey approach, we ask consumers to reveal their preferences over pricing
schemes that may differ in terms of the average price of consumption, the amount of price
variation, and the probability of being rationed. ...