Browsing MWP Working Papers by Author "MARIMON, Ramon"

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Browsing MWP Working Papers by Author "MARIMON, Ramon"

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    Title: Recursive Contracts  Author(s): MARCET, Albert; MARIMON, Ramon Date: 2011-01-01 Type of Publication: Working Paper Series/Report no.: EUI MWP Abstract: We obtain a recursive formulation for a general class of contracting problems involving incentive constraints. These constraints make the corresponding maximization sup problems non-recursive. Our approach consists of ...
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    Title: Money is an Experience Good: Competition and Trust in the Private Provision of Money  Author(s): MARIMON, Ramon; NICOLINI, Juan Pablo; TELES, Pedro Date: 2011-01-01 Type of Publication: Working Paper Series/Report no.: EUI MWP Abstract: We study the interplay between competition and trust as efficiency-enhancing mechanisms in the private provision of money. With commitment, trust is automatically achieved and competition ensures efficiency. Without ...
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    Title: Money is an Experience Good: Competition and Trust in the Private Provision of Money  Author(s): MARIMON, Ramon; NICOLINI, Juan Pablo; TELES, Pedro Date: 2011-01-01 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: We study the interplay between competition and trust as efficiency-enhancingmechanims in the private provision of money. With commitment, trust is automatically achieved and competition ensures efficiency. Without commitment, ...
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    Title: Objective Knowledge in Social Sciences and Humanities: Karl Popper and Beyond  Author(s): VALENTINI, Chiara; MARIMON, Ramon; VALENTINI, Chiara; BLACKBURN, Simon; CLELAND, Carol; POSTEMA, Gerald; COLLINS, Harry; CRUIKSHANK, Justin; VANDENBERGHE, Frédéric Date: 2010-01-01 Type of Publication: Working Paper Series/Report no.: EUI MWP Abstract: This collection of papers addresses the issue of ‘objective vs. subjective’ knowledge in the social sciences and humanities: how we may get ‘objective’ knowledge out of ‘subjective’ perceptions; how ‘induction’ and ‘deduction’ ...
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    Title: Competition, Human Capital and Income Inequality with Limited Commitment  Author(s): MARIMON, Ramon; QUADRINI, Vincenzo Date: 2008 Type of Publication: Working Paper Series/Report no.: EUI MWP Abstract: We develop a dynamic general equilibrium model with two-sided limited commitment to study how barriers to competition, such as restrictions to business start-up, affect the incentive to accumulate human capital. We show ...
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    Title: Competition, Human Capital and Income Inequality with Limited Commitment  Author(s): MARIMON, Ramon; QUADRINI, Vincenzo Date: 2008 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: We develop a dynamic general equilibrium model with two-sided limited commitment to study how barriers to competition, such as restrictions to business start-up, affect the incentive to accumulate human capital. We show ...
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    Title: Nominal Debt as a Burden on Monetary Policy  Author(s): DIAZ-GIMENEZ, Javier; GIOVANNETTI, Giorgia; MARIMON, Ramon; TELES, Pedro Date: 2007 Type of Publication: Working Paper Series/Report no.: EUI MWP Abstract: 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 ...