Now showing items 21-40 of 290

    • Expectational Stability of Stationary Sunspot Equilibria in a Forward-looking Linear Model 

      Evans, George W., 1949-; Honkapohja, Seppo, 1951- (University of Oregon, Dept. of Economics, 2002-01-14)
      We consider the stability under adaptive learning of the complete set of solutions to the model x_i=beta(Ei*)(x_i+1) when |beat| >1. In addition to the fundamentals solution, the literature describes both finite-state ...
    • Endogenous Lifetime and Economic Growth 

      Chakraborty, Shankha (University of Oregon, Dept. of Economics, 2002-01-26)
      Conventional wisdom attributes the severity of mortality in poorer countries to widespread poverty and inadequate living conditions. This paper considers the possibility that persistent poverty may arise, in turn, from a ...
    • Teachers’ Unions: Outcomes and Reform Initiatives 

      Eberts, Randall W.; Hollenbeck, Kevin; Stone, Joe A. (Joe Allan), 1948- (University of Oregon, Dept. of Economics, 2002-02-01)
      No abstract submitted.
    • Estimating The Knowledge-Capital Model of the Multinational Enterprise: Comment 

      Blonigen, Bruce A. (Bruce Aloysius); Davies, Ronald B.; Head, Keith (University of Oregon, Dept. of Economics, 2002-03-01)
      No abstract was submitted.
    • Trust in Children 

      Liday, Steven G.; Vesterlund, Lise; Harbaugh, William; Krause, Kate (University of Oregon, Dept. of Economics, 2002-03-22)
      In this paper we study trust/reciprocity behavior in children ages eight to eighteen using an augmented version of Berg et al.â s (1995) trust game. This study is intended to inspect and reveal when certain aspects of ...
    • Existence of Adaptively Stable Sunspot Equilibria near an Indeterminate Steady State 

      Evans, George W., 1949-; Honkapohja, Seppo, 1951- (University of Oregon, Dept. of Economics, 2002-04-06)
      We examine the nonlinear model x_t = E_t F(x_(t+1)). Markov SSEs exist near an indeterminate steady state, hat(x)=F(hat(x)), provided |F'(hat(x)| > 1. Despite the importance of indeterminancy in macroeconomics, earlier ...
    • Stable Sunspot Solutions in Models with Predetermined Variables 

      Evans, George W., 1949-; McGough, Bruce (University of Oregon, Dept. of Economics, 2002-04-17)
      We consider a linear stochastic univariate rational expectations model, with a predetermined variable, and provide alternative representations of SSEs (stationary sunspot equilibria). For a strict subset of the parameter ...
    • Monetary policy, expectations and commitment 

      Evans, George W., 1949-; Honkapohja, Seppo, 1951- (University of Oregon, Dept. of Economics, 2002-05-22)
      Commitment in monetary policy leads to equilibria that are superior to those from optimal discretionary policies. A number of interest rate reaction functions and instrument rules have been proposed to implement or approxmiate ...
    • Tariff-jumping FDI and Domestic Firms’ Profits 

      Blonigen, Bruce A. (Bruce Aloysius); Tomlin, KaSaundra, 1969-; Wilson, Wesley W. (University of Oregon, Dept. of Economics, 2002-06-01)
      Studies of the welfare implications of trade policy often do not take account of the potential for tariff-jumping FDI to mitigate positive gains to domestic producers. We use event study methodology to examine the market ...
    • Demonstrating worker quality through strategic absenteeism 

      Harbaugh, William; Nouweland, Anne van den (University of Oregon, Dept. of Economics, 2002-06-14)
      Determining the productivity of individual workers engaged in team production is difficult. Monitoring expenses may be high, or the observable output of the entire team may be some single product. One way to collect ...
    • Stable Noisy K-state Markov Sunspots 

      Evans, George W., 1949-; McGough, Bruce (University of Oregon, Dept. of Economics, 2002-07-18)
      We consider a linear stochastic univariate rational expectations model, with a predetermined variable, and consider solutions driven by an extraneous finite state Markov process as well as by the fundamental noise. We ...
    • Prospect Theory in Choice and Pricing Tasks 

      Harbaugh, William; Krause, Kate; Vesterlund, Lise (University of Oregon, Dept. of Economics, 2002-07-20)
      The most distinctive prediction of prospect theory is the fourfold pattern (FFP) of risk attitudes. People are said to be (1) risk-seeking over low-probability gains, (2) risk-averse over low-probability losses, (3) ...
    • Bargaining by Children 

      Liday, Steven G.; Harbaugh, William; Krause, Kate (University of Oregon, Dept. of Economics, 2002-07-20)
      We study the development of bargaining behavior in children age seven through 18, using ultimatum and dictator games. We find that bargaining behavior changes substantially with age and that most of this change appears to ...
    • Individual Option Prices for Climate Change Mitigation 

      Cameron, Trudy Ann (University of Oregon, Dept. of Economics, 2002-07-20)
      Willingness to pay for climate change mitigation depends on people's perceptions about just how bad things will get if nothing is done. Individual subjective distributions for future climate conditions are combined with ...
    • Indeterminacy and the Stability Puzzle in Non-Convex Economies 

      Evans, George W., 1949-; McGough, Bruce (University of Oregon, Dept. of Economics, 2002-07-25)
      We extend common factor analysis to a multi-dimensional setting by considering a bivariate reduced form consistent with many Real Business Cycle type models. We show how to obtain new representations of sunspots and find ...
    • Hunting High and Low for Vertical FDI 

      Davies, Ronald B. (University of Oregon, Dept. of Economics, 2002-08-01)
      Recently the two dominant models of foreign direct investment (FDI), the horizontal and vertical models, have been synthesized into the knowledge capital (KK) model. Empirical tests, however, have found that the horizontal ...
    • Policy Interaction, Learning and the Fiscal Theory of Prices 

      Evans, George W., 1949-; Honkapohja, Seppo, 1951- (University of Oregon, Dept. of Economics, 2002-08-03)
      We investigate both the rational explosive inflation paths studied by (McCallum 2001), and the classification of fiscal and monetary polices proposed by (Leeper 1991), for stability under learning of the rational expectations ...
    • The Carrot or the Stick: Rewards, Punishments, and Cooperation 

      Andreoni, James; Harbaugh, William; Vesterlund, Lise (University of Oregon, Dept. of Economics, 2002-08-20)
      We examine rewards and punishments in a simple proposer-responder game. The proposer first makes an offer to split a fixed-sized pie. According to the 2×2 design, the responder is or is not given a costly option of increasing ...
    • Networking and Foreign Direct Investment Activity 

      Blonigen, Bruce A. (Bruce Aloysius); Wooster, Rossitza B. (Rossitza Bouneva), 1971- (University of Oregon, Dept. of Economics, 2002-09-01)
      We conduct an empirical investigation into whether networking effects affect foreign direct investment (FDI) activity. Using bibliographical information on CEOs’ birth and education locations, we are able to identify changes ...
    • Stable Sunspot Equilibira in a Cash-in-Advance Economy 

      Evans, George W., 1949-; Honkapohja, Seppo, 1951-; Marimon, Ramon, 1953- (University of Oregon, Dept. of Economics, 2002-10-25)
      We develop a monetary model with flexible supply of labor, cash in advance constraints and government spending financed by seignorage. This model has two regimes. One regime is conventional with two steady states. The other ...