Marek Kapička,Peter Rupert
Marek Kapička
The COVID-19 pandemic has killed millions across the globe and government responses have led to tens of millions of jobs lost. This paper combines the SIR epidemic model with a frictional labor market to examine the interaction between infe...
Flavio Toxvaerd,Robert Rowthorn
Flavio Toxvaerd
This paper considers a susceptible-infected-recovered type model of infectious diseases, such as COVID-19 or swine flu, in which costly treatment or vaccination confers immunity on recovered individuals. Once immune, individuals indirectly ...
Evolution and the Growth Process: Natural Selection of Entrepreneurial Traits [0.03%]
进化、增长进程以及创业者特质的自然选择
Oded Galor,Stelios Michalopoulos
Oded Galor
This research suggests that a Darwinian evolution of entrepreneurial spirit played a significant role in the process of economic development and the dynamics of inequality within and across societies. The study argues that entrepreneurial s...
On Ramsey's conjecture [0.03%]
论拉姆齐的猜想
Tapan Mitra,Gerhard Sorger
Tapan Mitra
Studying a one-sector economy populated by finitely many heterogeneous households that are subject to no-borrowing constraints, we confirm a conjecture by Frank P. Ramsey according to which, in the long run, society would be divided into th...
Information-Constrained Optima with Retrading: An Externality and Its Market-Based Solution [0.03%]
含有回转交易下的信息制约最优化：一种外部性及其基于市场的解决方案
Weerachart T Kilenthong,Robert M Townsend
Weerachart T Kilenthong
This paper studies the efficiency of competitive equilibria in environments with a moral hazard problem and unobserved states, both with retrading in ex post spot markets. The interaction between private information problems and the possibi...
Gabriel A Madeira,Robert M Townsend
Gabriel A Madeira
We create a dynamic theory of endogenous risk sharing groups, with good internal information, and their coexistence with relative performance, individualistic regimes, which are informationally more opaque. Inequality and organizational for...
Migration equilibrium with price rigidity: the Harris and Todaro model revisited [0.03%]
具有价格粘性的迁移平衡——再探哈里斯和托达罗模型
A Zylberberg
A Zylberberg
The author attempts to build a general equilibrium model with migration possibilities on the lines of the Harris-Todaro model in which all the agents have explicit maximizing behavior. "Assumptions on wage-price rigidities allow considerati...
C Blackorby,W Bossert,D Donaldson
C Blackorby
"This paper investigates birth-date dependent principles for social evaluation in an intertemporal framework in which population size may vary. We weaken the strong Pareto principle in order to allow individuals' birth dates to matter in es...