Now showing items 21-40 of 56

    • Indecisiveness, undesirability and overload revealed through rational choice deferral 

      Gerasimou, Georgios (2018-09) - Journal article
      Three reasons why decision makers may defer choice are indecisiveness between various feasible options, unattractiveness of these options, and choice overload. This paper provides a choice-theoretic explanation for each ...
    • Inequalities in LPG and electricity consumption in India : The role of caste, tribe, and religion 

      Saxena, Vibhor; Bhattacharya, PC (2018-02) - Journal article
      This paper examines the role of caste, tribe, and religion in determining energy inequality in India. We provide evidence by using the National Sample Survey Organisation data from the 68th round (2011–12) of 87,753 ...
    • Information disclosure and asymmetric speed of learning in booms and busts 

      Palazzo, Francesco; Zhang, Min (2017-09) - Journal article
      We consider a model in which agents gradually learn about the aggregate market conditions — ‘boom’ or ‘bust’ — from the information disclosed after a trading round. The disclosure rules can generate asymmetric learning and ...
    • Interest rate rules and welfare in open economies 

      Senay, Ozge (2008-07) - Journal article
      This paper analyses the welfare performance of a set of five alternative interest rate rules in an open economy stochastic dynamic general equilibrium model with nominal rigidities. A rule with a lagged interest rate term, ...
    • The ‘inventor balance’ and the functional specialization in global inventive activities 

      Picci, Lucio; Savorelli, Luca (2018-01) - Journal article
      Inventors and organizational assets are inputs of inventive activities which are often provided at a global scale, where countries might specialize in the provision of one or the other type of inputs. We introduce a new ...
    • Keeping up with the Joneses : who loses out? 

      Ulph, David Tregear (2014-12) - Journal article
      This paper investigates how well-being varies with individual wage rates when individuals care about relative consumption and so there are Veblen effects – Keeping up with the Joneses – leading individuals to over-work. ...
    • Local currency pricing, foreign monetary shocks and exchange rate policy 

      Senay, Ozge; Sutherland, Alan (2015-09-01) - Journal article
      The implications of local currency pricing (LCP) for monetary regime choice are analysed for a country facing foreign monetary shocks. In this analysis expenditure switching is potentially welfare reducing. This contrasts ...
    • Monetary policy and financial stability in the long run : a simple game-theoretic approach 

      Cao, Jin; Chollete, Lorán (2017-02) - Journal article
      Many theoretical central bank models use short horizons and focus on a single tradeoff. However, in reality, central banks play complex, long-horizon games and face more than one tradeoff. We account for these strategic ...
    • Multi-task research and research joint ventures 

      La Manna, Manfredi M A (2013-04) - Journal article
      The paper shows that, whenever the completion of a research project requires the overcoming of more than one research obstacle, then Research Joint Ventures enjoy an intrinsic advantage relative to independent firms. This ...
    • Nominal Stability and Financial Globalization 

      Devereux, Michael B.; Senay, Ozge; Sutherland, Alan (2014-08) - Journal article
      Over the past four decades, there has been a substantial increase in financial globalization, that is, rapid growth in gross external portfolio positions. There has also been a substantial fall in the variability of ...
    • On the microeconomic foundations of linear demand for differentiated products 

      Amir, Rabah; Erickson, Philip; Jin, Jim (2017-05) - Journal article
      This paper provides a thorough exploration of the microeconomic foundations for the multi-variate linear demand function for differentiated products, which is widely used in industrial organization. The setting is the ...
    • Optimal allocation with ex post verification and limited penalties 

      Mylovanov, Tymofiy; Zapechelnyuk, Andriy (2017-09) - Journal article
      Several agents with privately known social values compete for a prize. The prize is allocated based on the claims of the agents, and the winner is subject to a limited penalty if he makes a false claim. If the number of ...
    • Optimal substantive standards for competition authorities 

      Katsoulacos, Yannis; Metsiou, Eleni; Ulph, David Tregear (2016-09) - Journal article
      Recent years have witnessed a significant resurgence in the debate concerning the optimal substantive standard to be used in the enforcement of competition law. One of the arguments proposed for using a Consumer Surplus ...
    • Optimal universal and categorical benefit provision with classification errors and imperfect enforcement 

      Slack, Sean; Ulph, David (2017-04) - Journal article
      We determine the optimal combination of a universal benefit and categorical benefit when individuals differ in their ability to work and, if able to work, their productivity. The categorical benefit is conditioned ex ante ...
    • Partial knowledge restrictions on the two-stage threshold model of choice 

      Manzini, Paola; Mariotti, Marco; Tyson, Christopher J. (2016-05) - Journal article
      In the context of the two-stage threshold model of decision making, with the agent's choices determined by the interaction of three "structural variables," we study the restrictions on behavior that arise when one or more ...
    • Penalizing cartels : the case for basing penalties on the price overcharge 

      Katsoulacos, Yannis; Motchenkova, Evgenia; Ulph, David Tregear (2015-09) - Journal article
      In this paper we set out the welfare economics based case for imposing cartel penalties on the cartel overcharge rather than on the more conventional bases of revenue or profits (illegal gains). To do this we undertake a ...
    • Preferential votes and minority representation in open list proportional representation systems 

      Negri, Margherita (2018-02) - Journal article
      Under open list proportional representation, voters vote both for a party and for some candidates within its list (preferential vote). Seats are assigned to parties in proportion to their votes and, within parties, to the ...
    • Prices and deadweight loss in multiproduct monopoly 

      Amir, Rabah; Jin, Jim Yongtao; Pech, Gerald; Tröge, Michael (2016-06) - Journal article
      The paper investigates prices and deadweight loss in multiproduct monopoly with linear interrelated demand and constant marginal costs. We show that, with commonly used models for linear demand such as the Bowley demand ...
    • Procedures for eliciting time preferences 

      Freeman, David; Manzini, Paola; Mariotti, Marco; Mittone, Luigi (2016-06) - Journal article
      We study three procedures to elicit attitudes towards delayed payments: the Becker-DeGroot-Marschak procedure; the second price auction; and the multiple price list. The payment mechanisms associated with these methods are ...
    • Rationally inattentive preferences and hidden information costs 

      de Oliveira, Henrique; Denti, Tommaso; Mihm, Maximilian; Ozbek, Kemal (2017-05-26) - Journal article
      We show how information acquisition costs can be identified using observable choice data. Identifying information costs from behavior is especially relevant when these costs depend on factors–such as time, effort and ...