[PDF] Top 20 Essays on microeconomic theory

... The theory we propose differs from that of Franzoni and Schmalz (2017) because their model describes the fund’s loading on aggregate risk (β) as a preset fund specific exposure, whereas our model gives the ability ... See full document

... Competition, Conflict and Institutions Three Essays in Applied Microeconomic Theory Giovanni Ko A thesis submitted for the degree of Doctor of Philosophy in Economics Department of Economics London Sc[.] ... See full document

... Sunk cost contests, where eort is unrecoverable, are pervasive. Especially impor- tant are those where the winners need only perform slightly better to take all (Frank and Cook, 2010; Rosen, 1981). These are in eect ... See full document

... The testable implications of game theoretic models have grown only recently relative to the history and popularity of game theory. Peleg and Tijs (1996) and Sprumont (2000) find conditions of joint choice ... See full document

... This dissertation consists of three chapters that each study one applied microeconomic theory problem. In the first chapter, I consider the problem a social planner faces in constructing a criminal justice ... See full document

... Despite firm one's higher fixed costs these will always be covered by firm one accepting its second period contract, with either a or & in the first period, and therefore it is able to g[r] ... See full document

... In recent years an overwhelming experimental and empirical evidence has put mounting pres- sure on the economic paradigm that individuals should be modelled as exclusively interested in their own material well-being. By ... See full document

... axiomatic theory of random choice that builds on Luce’s (1959) model to incorporate a role for ...The theory can explain some very well-documented behavioral phenomena in individual ... See full document

... This dissertation consists of two essays concerning Monetary Theory and Policy. Essay 1, "Monetary Policy and Asset Prices", develops a dynamic model in which money and a financial asset compete as ... See full document

... active theory literature studying credit rating agencies (Bolton, Freixas and Shapiro (2012), Bar-Isaac and Shapiro (2010), Donaldson and Piacentino (2012), Kurlat and Veldkamp (2011), Manso (2014), Mathis, ... See full document

... In the second case, the agent’s posterior beliefs are a convex combination of the Bayesian belief and the one which maximizes the conditional value of the previous action.. Within the se[r] ... See full document

... researchers should refine theory and improve understanding... Essays Towards a Reflexive Sociology.[r] ... See full document

... efficiency theory as the foundation for a general theory of growth, in fact the capital-labor substitution process is only one component of growth (operating after the employment of greatly increased ... See full document

... economic theory should be historically ...a theory did not resemble the real world or a model was not derived from the real world, Lee rejected it even though it was advocated by other heterodox ... See full document

... in microeconomic time use modeling and MDC choice modeling: (a) utility specified as a function of both time allocation to activities and consumption of goods, (b) explicit recognition of both time and money ... See full document

... According to the microeconomic theory, production is a function of capital, labor, energy, and other inputs of economic factors, and a profit- maximizing firm combines the nece[r] ... See full document

... levels in the herd and the prevailing level of price discount in the store cattle market. The producer affects the level of Tb prevalence in the herd through the amount o[r] ... See full document

... 00001t tif IN S T IT U T IO N A L IS IN G C O M M IT M E N T A N D C R E D IT Historical Tests o f a Microeconomic Theory o f Innovation, Governance and G rowth by Simon John Morley London School o f[.] ... See full document

... We reconsider the property rights approach to the theory of the …rm based on incomplete contracts. We explore the implications of di¤erent degrees of relationship-speci…city when there are two parties, A and B , ... See full document

... Matching theory is a rapidly growing field in economics that often deals with markets in which monetary transfers are forbidden. Hence, policy makers often use centralized procedures to organize markets and ... See full document