Suchergebnisse

We show that higher-order perturbation solutions to rational expectations models exhibit a certainty correspondence property: they can be obtained from the ...

This paper argues that a progressive tax system combined with individual taxation of married couples can generate more revenue than the current household-based ...

Can spatially neutral productivity improvements have spatially non-neutral consequences? Across three major sources of countrywide productivity growth, we ...

International trade provides critical access to food, yet many food-importing countries protect agriculture even where productivity is low. We study how the ...

We develop a general equilibrium model of international trade in which the temporal structure of production is a key determinant of comparative advantage. ...

The classic wisdom-of-the-crowd problem asks how a principal can “aggregate” information about the unknown state of the world from agents without understanding ...

This paper studies the dynamic completion of interrelated projects. A decision maker allocates, at each point in time, a fixed unit of attention to projects ...