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Displaying results 1 to 5 of 5.

  1. Procurement with manipulation
    Published: 23 February 2022
    Publisher:  Centre for Economic Policy Research, London

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    LZ 161
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    Universitätsbibliothek Mannheim
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP17063
    Subjects: rules; discretion; bunching; thresholds; Electoral accountability; bureaucracy; Government Performance
    Scope: 1 Online-Ressource (circa 69 Seiten), Illustrationen
  2. Income Thresholds and Income Classes
  3. Managing, inducing, and preventing regime shifts
    a review of the literature
    Published: [2019]
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    How do economic agents manage expected shifts in regimes? How do they try to influence or prevent the arrival of such shifts? This paper provides a selective survey of the analysis of regime shifts from an economic view point, with particular... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 63
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    How do economic agents manage expected shifts in regimes? How do they try to influence or prevent the arrival of such shifts? This paper provides a selective survey of the analysis of regime shifts from an economic view point, with particular emphasis on the use of the techniques of optimal control theory and differential games. The paper is organized as follows. Section 2 gives an overview of the concepts of regime shifts, thresholds, and tipping points. Section 3 shows how unknown tipping points affect the optimal current policy of decision makers, with or without ambiguity aversion. Section 4.s focus is on political regime shifts in a two-class economy: how the elite may try to prevent revolution by using policy instruments such as repression, redistribution, and gradual democratization. Section 5 reviews models of dynamic games in resource exploitation involving regime shifts and thresholds. Section 6 reviews some studies of regime shifts in industrial organization theory, with focus on R&D races, including efforts to sabotage rivals in order to prevent entry. Section 7 reviews games of regime shifts when players can manage a Big Push. Section 8 discusses some directions for future research.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/201975
    Series: Array ; no. 7749 (July 2019)
    Subjects: regime shifts; thresholds; tipping points; political repression; democratization
    Scope: 1 Online-Ressource (circa 38 Seiten)
  4. Threshold-based forward guidance
    hedging the zero bound
    Published: 2015
    Publisher:  Bank of England, London

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Staff working paper / Bank of England ; 561
    Subjects: New Keynesian model; monetary policy; zero lower bound; forward guidance; thresholds
    Scope: Online-Ressource (27 S.), graph. Darst.
  5. Threshold preferences and the environment
    Published: 2013
    Publisher:  Center for Mathematical Economics, IMW, Bielefeld

    In this article we study the implication of thresholds in preferences. To model this we extend the basic model of John and Pecchenino (1994) by allowing the current level of environmental quality to have a discrete impact on how an agent trades o ff... more

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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 263 (484)
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    In this article we study the implication of thresholds in preferences. To model this we extend the basic model of John and Pecchenino (1994) by allowing the current level of environmental quality to have a discrete impact on how an agent trades o ff future consumption and environmental quality. In other words, we endogenize the semi-elasticity of utility based on a step function. We motivate the existence of the threshold based on research from political science, from arguments based on regulation and standards, cultural economics as well as ecological economics. Our results are that the location of the threshold determines both the potential steady states as well as the dynamics. For low (high) thresholds, environmental quality converges to a low (high) steady state. For intermediate levels it converges to a stable p-cycle, with environmental quality being asymptotically bounded below and above by the low and high steady state. We discuss implications for intergenerational equity and policy making. As policy implications we study shifts in the threshold. Our results are that, in case it is costless to shift the threshold, it is always worthwhile to do so. If it is costly to change the threshold, then it is worthwhile to change the threshold if the threshold originally was sufficiently low. Lump-sum taxes may lead to a development trap and should be avoided if there are uncertainties about the threshold or the eff ectiveness of the policy.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/81116
    Series: Working papers / Center for Mathematical Economics ; 484
    Institute of Mathematical Economics Working Paper ; No. 484
    Subjects: thresholds; endogenous preferences; environmental quality; policy intervention
    Scope: Online-Ressource (43 S.), graph. Darst.