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Now showing items 128-147 of 159
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(University of Oregon, Dept. of Economics, 2004-02-19)In this note we use the Shapley value to define a valuation function. A valuation function associates with every non-empty coalition of players in a strategic game a vector of payoffs for the members of the coalition that ...
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(University of Oregon, Dept of Economics, 2005-02-01)We compare the performance of alternative recursive forecasting models. A simple constant gain algorithm, used widely in the learning literature, both forecasts well out of sample and also provides the best fit to the ...
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(University of Oregon, Dept of Economics, 2006-10-09)We consider a linear univariate rational expectations model, with a predetermined variable, and study existence and stability of solutions driven by an extraneous finite-state Markov process. We show that when the model ...
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(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 ...
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(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 ...
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(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 ...
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(University of Oregon, Dept of Economics, 2010-10-30)In Evans, Guse, and Honkapohja (2008) the intended steady state is locally but not globally stable under adaptive learning, and unstable deflationary paths can arise after large pessimistic shocks to expectations. In ...
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(University of Oregon, Dept. of Economics, 2000-05-01)When a multinational firm invests in a country, potential host states compete for the firm by offering firm-specific tax reductions. Critics blast such incentives as a prisoner’s dilemma that transfers rents to the firm ...
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(University of Oregon, Dept of Economics, 2005-09-19)We define a concept of status equilibrium for local public good economies. A status equilibrium specifies one status index for each agent in an economy. These indices determine agents’ cost shares in any possible jurisdiction. ...
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(University of Oregon, Dept. of Economics, 2001-06-01)We analyze the formation of networks among individuals. In particular, we examine the existence of networks that are stable against changes in links by any coalition of individuals. We show that to investigate the existence ...
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(University of Oregon, Dept. of Economics, 2003-12)Certain sociodemographic groups often seem to be relatively more concentrated near environmental hazards than in the surrounding community. It is well-known that snapshot cross-sectional statistical analyses cannot reveal ...
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(University of Oregon, Dept of Economics, 2006)Using recently developed indices of fractionalization and polarization, we analyze the direct and indirect effects of ethnic and religious heterogeneity on income inequality and on welfare programs across US states. We ...
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(University of Oregon, Dept of Economics, 2004-06-11)We develop a model of fertility and marriage that implies a magnified effect of marriage rates on the share of births to unmarried women. For U.S. data, plots and regression estimates support the prediction that the share ...
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(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 ...
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(University of Oregon, Dept. of Economics, 2001-01-01)This paper derives welfare equivalence of double taxation rules in a tax competition model with discriminatory home taxes and the ability to finance subsidiary operations with host country capital. For a more general model, ...
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(University of Oregon, Dept of Economics, 2007-03)This paper models tax competition for mobile firms that are differentiated by the amount of labor needed to cover fixed costs. Because tax competition affects the distribution of firms, it affects both relative equilibrium ...
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Tax Competition for Heterogeneous Firms with Endogenous Entry: The Case of Heterogeneous Fixed Costs (University of Oregon. Dept of Economics, 2007-02)This paper models tax competition for mobile firms that are differentiated by the amount of labor needed to cover fixed costs. Because tax competition affects the distribution of firms, it affects both relative equilibrium ...
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(University of Oregon, Dept of Economics, 2003-04-10)This paper studies non-cooperative tax competition between two countries for an international producer. The international producer chooses where to locate its headquarters and whether to serve the overseas market through ...
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(University of Oregon, Dept. of Economics, 2003-06-10)Bilateral tax treaties are an important method of international tax cooperation. I survey the existing literature on these agreements, highlighting the differences between the standard view that treaties increase foreign ...
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(University of Oregon, Dept of Economics, 2006-06)Barro’s (1990) model of endogenous growth implies that economic growth will initially rise with an increase in taxes directed toward “productive” expenditures (e.g., education, highways, and streets), but will subsequently ...
Now showing items 128-147 of 159