Browsing Τμήμα Οικονομικών / Department of Economics by Subject "theoretical study"
Now showing items 1-9 of 9
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Article
Failure to launch? The role of land inequality in transition delays
(2013)This paper provides empirical support for one theory of transition delays: initial land inequality. Using a new historical dataset for land inequality (Frankema, 2009) we employ duration analysis to investigate whether ...
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General equilibrium effects of import constraints under variable labour supply, public goods and income taxation
(1999)We consider a general equilibrium trade model of a small open economy with a representative consumer, where labour supply is variable, where imports are restricted by a small tariff, a quota or a voluntary export restraint ...
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Guest worker programs: A theoretical analysis of welfare of the host and source countries*
(2013)This article examines the interaction between migration policies of the host and source countries in the context of a model of guest-worker migration. For the host, the objective is to provide low-cost labor for its employers ...
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Article
How robust is majority voting as a social choice rule?
(2014)This article strengthens existing analysis concerning the effectiveness of majority rule. It demonstrates a one-to-one equivalence between the basic issue of social choice theory (the problem of selection of a well-functioning ...
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On modelling speculative prices: the empirical literature
(2001)Traditionally, financial theory and in particular asset pricing models have assumed (implicitly or explicitly) a certain probabilistic structure for speculative prices. The probabilistic structure is usually defined in ...
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Quality standards for used durables: An indirect subsidy?
(2008)We construct a theoretical framework to study the impact of quality standards for used durable goods on trade flligatureows, profiligaturets and consumer welfare. We show that asymmetric quality standards generate trade ...
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R&D, innovation, and technological progress: A test of the Schumpeterian framework without scale effects
(2003)I use U.S. manufacturing industry data to estimate a system of three equations implied by a model of R&D-induced growth in steady state. These equations relate R&D intensity to patenting, patenting to technological progress, ...
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Welfare effects of migration in societies with indirect taxes, income transfers and public good provision
(2001)We construct a general equilibrium trade model of a two-class small open host or source country. When consumption tax revenue finances the provision of a public good, marginal migration reduces social welfare in the source ...
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Why free trade may hurt developing countries
(1997)This paper builds a general equilibrium trade model where a country produces two traded goods and one nontraded public consumption good. The government finances the provision of the public good by taxing the incomes of ...