Title:Natural Resource Distribution and Multiple Forms of Civil War
Author(s):MORELLI, Massimo; ROHNER, DominicDate:2010Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We examine how natural resource location, rent sharing and fighting capacities of different groups matter for ethnic con.ict. A new type of bargaining failure due to multiple types of potential conflicts (and hence multiple ...
Title:Nested Models and Model Uncertainty
Author(s):KRIWOLUZKY, Alexander; STOLTENBERG, Christian A.Date:2009Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:Uncertainty about the appropriate choice among nested models is a central concern for optimal policy when policy prescriptions from those models differ. The standard procedure is to specify a prior over the parameter space ...
Title:Nested Models and Model Uncertainty
Author(s):KRIWOLUZKY, Alexander; STOLTENBERG, Christian A.Date:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Uncertainty about the appropriate choice among nested models is a central concern for optimal policy when policy prescriptions from those models differ. The standard procedure is to specify a prior over the parameter space ...
Title:Network Games
Author(s):GALEOTTI, Andrea; GOYAL, Sanjeev; JACKSON, Matthew O.; VEGA-REDONDO, Fernando; YARIV, LeeatDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:In a variety of contexts - ranging from public goods provision to information collection - a player's well-being depends on own action as well as on the actions taken by his or her neighbors. We provide a framework to ...
Title:Network Organizations
Author(s):VEGA-REDONDO, FernandoDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:It is common to define a network organization as one that is fast and flexible in adapting to changes in the underlying environment. But besides the short-run advantages of adaptability, fast changes in the structure of ...
Title:Networks Emerging in a Volatile World
Author(s):EHRHARDT, Gorge; MARSILI, Matteo; VEGA-REDONDO, FernandoDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The paper proposes a model to study the conditions under which complex networks emerge (or not) when agents are involved in a dynamic coordination setup. The focus, however, is not on the classical issue of equilibrium ...
Title:A New Look at the Feldstein-Horioka Puzzle using an Integrated Panel
Author(s):BANERJEE, Anindya; ZANGHIERI, PaoloDate:2003Type of Publication:Working PaperSeries/Report no.:CEPII discussion paperAbstract:We use a panel of 14 European countries to take a fresh look at the so-called Feldstein-Horioka puzzle on the high correlations between savings and investment observed within countries. A large literature has emerged to ...
Title:New Open Economy Macroeconomics
Author(s):CORSETTI, GiancarloDate:2007Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:The New Open Economy Macroeconomics refers to a vast body of literature embracing a new
theoretical framework for policy analysis in open economy, with the goal of overcoming the
limitations of the Mundell-Fleming model, ...
Title:Noise Trading in Small Markets
Author(s):PALOMINO, FredericDate:1994Type of Publication:Working PaperSeries/Report no.:EUI ECO
Title:Nominal Debt as a Burden on Monetary Policy
Author(s):DIAZ-GIMENEZ, Javier; GIOVANNETTI, Giorgia; MARIMON, Ramon; TELES, PedroDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We characterize the optimal sequential choice of monetary policy in economies
with either nominal or indexed debt. In a model where nominal debt is the only
source of time inconsistency, the Markov-perfect equilibrium ...
Title:Nominal Debt as a Burden on Monetary Policy
Author(s):DIAZ-GIMENEZ, Javier; GIOVANNETTI, Giorgia; MARIMON, Ramon; TELES, PedroDate:2007Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:We characterize the optimal sequential choice of monetary policy in economies with
either nominal or indexed debt. In a model where nominal debt is the only source of
time inconsistency, the Markov-perfect equilibrium ...