7 Altra tipologia

7 Altra tipologia: [3076] Home page macrotipologia

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7.01 Working paper 946
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Prodotti recenti

On the Limit Points of an Infinitely Repeated Rational Expectations Equilibrium

We show that a symmetric information Rational Expectations Equilibrium (REE) exists universally (and not generically), it is Pareto efficient and obviously incentive compatible. Agents, in a repeated economy framework, can reach a symmetric information REE (i.e., an efficient and incentive compatible equilibrium outcome) by observing the past asymmetric REE and also by updating their private information. We also prove the converse result, i.e., given a sym...

The Equitable Bargaining Set

We define the equitable bargaining set for exchange economies. Our definition differs from that in Mas-Colell (1989) because it requires that objections and counterobjections must satisfy some equitability conditions. We show that the equitable bargaining set coincides with that of Mas-Colell when the underlying economy is atomless, but not in general. Then we provide two sets of conditions for economies with market imperfections that apply to finite economies and to mixed market economies. ...

Too Different To Get Along: Inequality and Global Public Goods

We study how inequality affects the feasibility of an international agreement on the provision of an environmental public good in a two-country two-level political economy model. At the international level, two negotiators try to agree on the respective country's provision of the public good under different international equity rules, knowing that this agreement will need to be accepted by the median voter in each country. At the national level, agents' preferences for the public good depend ...

Social interactions, loneliness and collective health: A new angle on an old debate

Loneliness is increasingly being recognized as an important economic and public health issue. This paper investigates the relationship between historically rooted norms that drive individuals to conform to predefined behavioral standards and contemporary perceptions of social interactions and attitudes towards loneliness. Using a sub-population of second-generation immigrants, we identify an intergenerationally transmitted component of culture that reflects the importance of restrained discip...

Everyone Talks About Water in Venice

The relationship between Venice and water is historically, first and foremost, one of human power over nature, which has resulted in a highly anthropic landscape that recounts the environmental alterations, engineering and architectural challenges, domination, and also adaptation, that the city has exercised for centuries over the lagoon. It is a relationship that has always influenced and marked every other relationship—environmental, cultural, social, and political—and whose marks are pa...

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