Outputs (85)

Macroeconomic and financial stability in a monetary union: the case of Lithuania (2017)
Journal Article
Rubio, M., & Comunale, M. (2018). Macroeconomic and financial stability in a monetary union: the case of Lithuania. Economic Systems, 42(1), https://doi.org/10.1016/j.ecosys.2017.04.002

In this paper, we study the implications for macroeconomic and financial stability of macroprudential policies in a monetary union. With this purpose, we develop a two-country monetary union new Keynesian general equilibrium model with housing and co... Read More about Macroeconomic and financial stability in a monetary union: the case of Lithuania.

Teaching by example and induced beliefs in a model of cultural transmission (2017)
Journal Article
Adriani, F., Matheson, J. A., & Sonderegger, S. (2018). Teaching by example and induced beliefs in a model of cultural transmission. Journal of Economic Behavior and Organization, 145, https://doi.org/10.1016/j.jebo.2017.11.031

We augment standard models of cultural transmission with an explicit account of social learning, grounded in the information transmission literature. Youngsters observe the behavioral trait of a role model and form beliefs about the desirability of t... Read More about Teaching by example and induced beliefs in a model of cultural transmission.

Consumption experience, choice experience and the endowment effect (2017)
Journal Article
Humphrey, S. J., Lindsay, L., & Starmer, C. (in press). Consumption experience, choice experience and the endowment effect. Journal- Economic Science Association, https://doi.org/10.1007/s40881-017-0044-z

We report experiments investigating how experience influences the endowment effect. Our experiments feature endowments which are bundles of unfamiliar consumption goods. We examine how a subject’s willingness to swap items from their endowment is inf... Read More about Consumption experience, choice experience and the endowment effect.

Growth, import dependence, and war (2017)
Journal Article
Bonfatti, R., & O'Rourke, K. H. (2018). Growth, import dependence, and war. Economic Journal, 128(614), 2222-2257. https://doi.org/10.1111/ecoj.12511

Theories of war predict that the leader may launch a war on a follower who is catching up, since the follower cannot commit to not use their increased power in the future. But it was Japan who attacked the West in 1941: both leaders and followers sta... Read More about Growth, import dependence, and war.

Legislative bargaining with heterogeneous disagreement values: theory and experiments (2017)
Journal Article
Miller, L., Montero, M., & Vanberg, C. (2018). Legislative bargaining with heterogeneous disagreement values: theory and experiments. Games and Economic Behavior, 107, https://doi.org/10.1016/j.geb.2017.11.003

We study a legislative bargaining game in which failure to agree in a given round may result in a breakdown of negotiations. In that case, each player receives an exogenous `disagreement value'. We characterize the set of stationary subgame perfect e... Read More about Legislative bargaining with heterogeneous disagreement values: theory and experiments.

Don't look down: the consequences of job loss in a flexible labour market (2017)
Journal Article
Upward, R., & Wright, P. (2019). Don't look down: the consequences of job loss in a flexible labour market. Economica, 86(341), 166-200. https://doi.org/10.1111/ecca.12254

We estimate the earnings, hours and income effects of job loss for a representative sample of UK workers from 1991–2007. We follow workers before and after job loss, regardless of their labour market state, and we match displaced workers with similar... Read More about Don't look down: the consequences of job loss in a flexible labour market.

Is emission intensity or output U-shaped in the strictness of environmental policy? (2017)
Journal Article
Dijkstra, B. R., & Gil-Moltó, M. J. (in press). Is emission intensity or output U-shaped in the strictness of environmental policy?. Journal of Public Economic Theory, https://doi.org/10.1111/jpet.12277

We show that, in a range of market conditions, an ever stricter environmental policy does not always lead to ever cleaner production methods and ever lower production of polluting goods. We consider an integrated technology, where firms can reduce th... Read More about Is emission intensity or output U-shaped in the strictness of environmental policy?.

House prices, wealth effects and labour supply (2017)
Journal Article
Disney, R., & Gathergood, J. (2018). House prices, wealth effects and labour supply. Economica, 85(339), 449-478. https://doi.org/10.1111/ecca.12253

We examine the impact of house prices on labour supply decisions using UK micro data. We combine household survey data with local level house price measures and controls for local labour demand. Our micro data also allows us to control for individual... Read More about House prices, wealth effects and labour supply.

Quantity restrictions and price adjustment of Chinese textile exports to the U.S. (2017)
Journal Article
Bernhofen, D. M., Upward, R., & Wang, Z. (2018). Quantity restrictions and price adjustment of Chinese textile exports to the U.S. World Economy, 41(11), 2983-3000. https://doi.org/10.1111/twec.12581

The elimination of the Multifibre Arrangement (MFA) in 2005 provides an unusual opportunity to examine the effects of a trade policy shock on export prices and firm behaviour. It was massive in scale, discrete in timing and exogenous to firms and co... Read More about Quantity restrictions and price adjustment of Chinese textile exports to the U.S..

Proportional payoffs in legislative bargaining with weighted voting: a characterization (2017)
Journal Article
Montero, M. (2017). Proportional payoffs in legislative bargaining with weighted voting: a characterization. Quarterly Journal of Political Science, 12(3), https://doi.org/10.1561/100.00016019

This paper examines the relationship between voting weights and expected equilibrium payoffs in legislative bargaining and provides a necessary and sufficient condition for payoffs to be proportional to weights. This condition has a natural interpret... Read More about Proportional payoffs in legislative bargaining with weighted voting: a characterization.