A Supergame Theoretic Model Of Business Cycles And Price Wars During Booms Classic Reprint
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A Supergame Theoretic Model Of Business Cycles And Price Wars During Booms Classic Reprint
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Author : Julio Rotemberg
language : en
Publisher:
Release Date : 2015-06-30
A Supergame Theoretic Model Of Business Cycles And Price Wars During Booms Classic Reprint written by Julio Rotemberg and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-06-30 with History categories.
Excerpt from A Supergame-Theoretic Model of Business Cycles and Price Wars During Booms This paper studies implicitly colluding oligopolists facing fluctuating demand. The credible threat of future punishments provides the discipline that facilitates collusion. However, we find that the temptation to unilaterally deviate from the collusive outcome is often greater when demand is high. To moderate this temptation, the optimizing oligopoly reduces its profitability at such times, resulting in lower prices. If the oligopolists output is an input to other sectors, their output may increase too. This explains the co-movements of outputs which characterize business cycles. The behavior of the railroads in the 1880 3, the automobile industry in the 1950's and the cyclical behavior of cement prices and price-cost margins support our theory. (j.E.L. Classification numbers: 020, 130, 610). About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
A Supergame Theoretic Model Of Business Cycles And Price Wars During Booms
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Author : Julio Rotemberg
language : en
Publisher: Palala Press
Release Date : 2018-02-20
A Supergame Theoretic Model Of Business Cycles And Price Wars During Booms written by Julio Rotemberg and has been published by Palala Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-02-20 with Business & Economics categories.
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Profits Wages And Productivity In The Business Cycle
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Author : Mitsuhiko Iyoda
language : en
Publisher: Springer
Release Date : 1997-10-31
Profits Wages And Productivity In The Business Cycle written by Mitsuhiko Iyoda and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-10-31 with Business & Economics categories.
This book attempts to explain the changes in specifiC macroeconomic vari- ables-such as the relative share oflabor, the profIt rate, and the real wage rate in advanced capitalist economies-in relation to the influence of the business cycle in income distribution. In the pursuit of this inquiry, I fIrSt establish some stylized facts that I wish to investigate. The three countries discussed here-the United Kingdom, the United States, and Japan-are observed over a period of twenty-two years beginning in 1970, which covers at least three business cycles. This study makes several assumptions. First, there is no common feature on whether labor share moves countercyclically or procyclically; however, labor share increases in the fIrst year of contraction and decreases in the fIrst year of expansion, though there are some exceptions. Second, the profIt rate moves pro cyclically . Third, labor productivity moves pro cyclically and shows a symmetrical change; productivity sharply increases in the fIrSt year of expansion in terms of the growth rate and decreases in the fIrst year of con- traction. Fourth, the real wage rate has no common feature. Finally, labor shares with and without "labor income of self-employment" imputed from self-employment income are almost parallel (except for Japan), and their move- ments are also similar, though they move differently for some years. To explain these facts, I examine three types of model (or theory)-Kaldorian theory, real-business-cycle theory, and new Keynesian theory-but the focus is on Kaldor's approach-hence, the book's subtitle, A Kaldorian Analysis.
New Developments In Productivity Analysis
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Author : Charles R. Hulten
language : en
Publisher: University of Chicago Press
Release Date : 2007-11-01
New Developments In Productivity Analysis written by Charles R. Hulten and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-11-01 with Medical categories.
The productivity slowdown of the 1970s and 1980s and the resumption of productivity growth in the 1990s have provoked controversy among policymakers and researchers. Economists have been forced to reexamine fundamental questions of measurement technique. Some researchers argue that econometric approaches to productivity measurement usefully address shortcomings of the dominant index number techniques while others maintain that current productivity statistics underreport damage to the environment. In this book, the contributors propose innovative approaches to these issues. The result is a state-of-the-art exposition of contemporary productivity analysis. Charles R. Hulten is professor of economics at the University of Maryland. He has been a senior research associate at the Urban Institute and is chair of the Conference on Research in Income and Wealth of the National Bureau of Economic Research. Michael Harper is chief of the Division of Productivity Research at the Bureau of Labor Statistics. Edwin R. Dean, formerly associate commissioner for Productivity and Technology at the Bureau of Labor Statistics, is adjunct professor of economics at The George Washington University.
Cartels And Regulation
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Author : Thomas Ulen
language : en
Publisher:
Release Date : 1978
Cartels And Regulation written by Thomas Ulen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1978 with Railroads categories.
Wages Regime Switching And Cycles
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Author : Piero Ferri
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Wages Regime Switching And Cycles written by Piero Ferri and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
The initial purposes of this book were to update and extend the discussion and the results presented ill our previous book, The Labor Market and Business Cycle Theories. Our 1990 article, which appeared in The Journal of Economic Behavior and Organization, represented a first step in this direction. The consequences of this effort have materialized in a number of new chapters that has led de facto to a new book, in which the surviving parts have been largely revised. The 1989 book was too mathematically oriented for many Keynesians and post Keynesians to be fully appreciated and insufficiently microfounded for both new classicals and new-Keynesians to be warmly accepted, yet we received positive and encouraging comments, and it was sold out very quickly. It was an attempt to dis cuss dynamics in Keynesian terms, based on a double assumption that maintains its validity-that both economic facts and analytical and methodological innova tions had contributed to a renewed interest in business cycles, which over time has had its "ups and downs." Since then, many more articles and books have appeared, stressing in particular the role of microfoundations and of nonlinearities in shaping business cycle theory.
Bibliographie Der Staats Un Wirtschaftswissenschaften
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Author :
language : de
Publisher:
Release Date : 1985
Bibliographie Der Staats Un Wirtschaftswissenschaften written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with Social sciences categories.
Industrial Economics
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Author : Richard L Schmalensee
language : en
Publisher: Legare Street Press
Release Date : 2023-07-18
Industrial Economics written by Richard L Schmalensee and has been published by Legare Street Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-07-18 with categories.
Richard L. Schmalensee's Industrial Economics offers a comprehensive overview of the key economic principles that shape the modern business landscape. From supply and demand to pricing strategies and market structures, Schmalensee breaks down complex economic concepts in clear, accessible language and provides real-world examples to illustrate key ideas. This book is an essential resource for students of economics and business as well as professionals who are looking to deepen their understanding of the economic forces at work in their industries. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Development Economics And Policy
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Author : David Sapsford
language : en
Publisher: Springer
Release Date : 1998-08-10
Development Economics And Policy written by David Sapsford and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-08-10 with Business & Economics categories.
Hans Singer is undoubtedly one of, if not the, world's major scholars in the field of Development Economics. Over the last six decades he has made numerous contributions to the subject both as scholar and practitioner. This book contains 27 essays that were prepared for a conference that was held in Innsbruck Austria in May 1996 to celebrate his 85th birthday and represents a major and important overview of issues in development economics from the most eminent scholars in the field.
Economic Policy And The Great Stagflation
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Author : Alan S. Blinder
language : en
Publisher: Elsevier
Release Date : 2013-09-11
Economic Policy And The Great Stagflation written by Alan S. Blinder and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-09-11 with Business & Economics categories.
Economic Policy and the Great Stagflation discusses the national economic policy and economics as a policy-oriented science. This book summarizes what economists do and do not know about the inflation and recession that affected the U.S. economy during the years of the Great Stagflation in the mid-1970s. The topics discussed include the basic concepts of stagflation, turbulent economic history of 1971-1976, anatomy of the great recession and inflation, and legacy of the Great Stagflation. The relation of wage-price controls, fiscal policy, and monetary policy to the Great Stagflation is also elaborated. This publication is beneficial to economists and students researching on the history of the Great Stagflation and policy errors of the 1970s.