Title:Endogenous trading constraints with incomplete asset markets Author(s):ABRAHAM, Arpad; CARCELES-POVEDA, EvaDate:2010Citation:
- Journal of economic theory, 2010, Vol. 145, No. 3, pp. 974–1004
Type:ArticleAbstract:This paper endogenizes the borrowing constraints on capital in a production economy with incomplete markets. We find that these limits get looser with income, a property that is consistent with US data on credit limits. ...
Title:Collusion constrained equilibrium Author(s):DUTTA, Rohan; LEVINE, David K.; MODICA, SalvatoreDate:2018Citation:
- Theoretical economics, 2018, Vol. 13, No. 1, pp. 307-340
Type:ArticleAbstract:We study collusion within groups in noncooperative games. The primitives are the preferences of the players, their assignment to nonoverlapping groups, and the goals of the groups. Our notion of collusion is that a group ...
Title:Entertaining Malthus : bread, circuses, and economic growth Author(s):DUTTA, Rohan; LEVINE, David K.; PAPAGEORGE, Nicholas W.; WU, LeminDate:2018Citation:
- Economic inquiry, 2018, Vol. 56, No. 1, pp. 358-380
Type:ArticleAbstract:Motivated by the basic adage that man does not live by bread alone, we offer a theory of historical economic growth and population dynamics where human beings need food to survive, but enjoy other things, too. Our model ...
Title:Damned if you do and damned if you don't : two masters Author(s):DUTTA, Rohan; LEVINE, David K.; MODICA, SalvatoreDate:2018Citation:
- Journal of economic theory, 2018, Vol. 177, pp. 101-125
Type:ArticleAbstract:We study common agency problems in which two principals (groups) make costly commitments to incentives that are conditioned on imperfect signals of the agent's action. Our framework allows for incentives to be either rewards ...
Title:Intervention and peace Author(s):LEVINE, David K.; MODICA, SalvatoreDate:2018Citation:
- Economic policy, 2018, Vol. 33, No. 95, pp. 361-402
Type:ArticleAbstract:Intervention often does not lead to peace, but rather to prolonged conflict. Indeed, we document that it is an important source of prolonged conflicts. We introduce a theoretical model of the balance of power to explain ...
Title:Saving and portfolio allocation before and after job loss Author(s):BASTEN, Christoph; FAGERENG, Andreas; TELLE, KjetilDate:2016Citation:
- Journal of money, credit and banking, 2016, Vol. 48, No. 2-3, pp. 249–568
Type:ArticleAbstract:We investigate the development of household labor income, financial wealth, and asset holdings over a 9-year period around job loss, using unique administrative panel data from Norway. Consistent with predictions from ...
Title:Cash-on-hand and the duration of job search : quasi-experimental evidence from Norway Author(s):BASTEN, Christoph; FAGERENG, Andreas; TELLE, KjetilDate:2014Citation:
- The economic journal, 2014, Vol. 124, No. 576, pp. 540-568
Type:ArticleAbstract:We identify the causal effect of lump‐sum severance payments on non‐employment duration in Norway by exploiting a discontinuity in eligibility at the age of 50. We find that a payment worth 1.2 months' earnings at the ...
Title:The option to leave : conditional dissociation in the evolution of cooperation Author(s):IZQUIERDO, Segismundo S.; IZQUIERDO, Luis R.; VEGA-REDONDO, FernandoDate:2010Citation:
- Journal of theoretical biology, 2010, Vol. 267, No. 1, pp. 76-84
Type:ArticleAbstract:Conditional dissociation, i.e. the option to leave an interacting partner in response to his behaviour, is a mechanism that has been shown to promote cooperation in several settings, but the fundamental features that make ...
Title:Wage coordination and unemployment dynamics in Norway and Sweden Author(s):BARKBU, Bergljot; NYMOEN, Ragnar; ROED, KnutDate:2003Citation:
- Journal of Socio-Economics, 2003, Vol. 32, No. 1, pp. 37-58