Discussion Papers

From University of Copenhagen. Department of Economics
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96-14: Progressive Taxation, Wage Bargaining, and Endogenous Working Time

Claus Thustrup Hansen

96-13: Income and Consumption Smoothing among US States: Regions or Clubs?

Bent Sorensen and Oved Yosha

96-12: Trend-Stationarity in the I(2) Cointegration Model

Clara Jørgensen, Hans Christian Kongsted and Anders Rahbek

96-11: Unemployment Insurance Benefit Levels and Consumption Changes

Martin Browning and Thomas Crossley

96-10: Efficient Intra-Household Allocations - A General Characterization and Empirical Tests

Martin Browning and Pierre Chiappori

96-09: The Saving Behaviour of a Two Person Household

Martin Browning

96-08: Monetary Union and the Outsiders - A Cointegration/ Codependence Analysis of Business Cycles in Europe

Jonathan Rubin and Niels Thygesen

96-07: Announcements and Credibility of Monetary Policy

Christian Schultz

96-06: Idiosyncratic Uncertainty, Capacity Utilization and the Business Cycle

Jean-Francois Fragnart, Omar Licandro and Franck Portier

96-05: The Price Normalization Problem in Imperfect Competition and the Objective of the Firm

Egbert Dierker and Birgit Grodal

96-04: Political Competition and Polarization

Christian Schultz

96-03: The Folk Theorems for Repeated Games - A Synthesis

Jean-Pierre Benoît and Vijay Krishna

96-02: A Structured VAR under Changing Monetary Policy

Katarina Juselius

96-01: Household Saving: Micro Theories and Micro Facts

Martin Browning and Annamaria Lusardi

95-20: Growth with Public Research and Private Education

Christian Groth

95-19: GMM Estimation of a Stochastic Volatility Model: A Monte Carlo Study

Torben Andersen and Bent Sorensen

95-18: A Component® based Analysis of the danish Long-run Money Demand Relation

Lisbeth la Cour

95-17: Despotic Liberalism and the Decline of Grain Market Regulation in Europe 1760-1850

Karl Gunnar Persson

95-16: Danish Balance of Payments Support

Finn Tarp and Mads Váczy Kragh

95-15: A Simple Macroeconomic Framework for South Africa

Peter Brixen and Finn Tarp

95-14: Rational Belief Structures and Rational Belief Equilibrium

Carsten Nielsen

95-13: Indexation, Contract Length, and the Cost of Disinflation in Economies with Extreme Inflation

Karsten Staehr

95-12: Worker Flows and Job Flows in Danish Manufacturing, 1980-91

Karsten Albæk and Bent Sorensen

95-11: Optimal Exploitation of a Biomass Confronted with the Threat of Partial Extinction

Erik Schroder Amundsen and Trond Bjorndal

95-10: Allocations Dynamically Implemented in Renegotiation Proof Equilibrium

Hans Keiding

95-09: NASH Equilibrium in Lower Probabilities

Ebbe Hendon, Hans Jorgen Jacobsen, Birgitte Sloth and Torben Tranaes

95-08: Adaptive Learning in Extensive Form Games and Sequential Equilibrium

Ebbe Hendon, Hans Jorgen Jacobsen and Birgitte Sloth

95-07: Profit Maximization, Relative Prices, and the Maximization of Shareholders' Real Wealth

Egbert Dierker and Birgit Grodal

95-06: Decentralized Trade in a Small Market: The Possibility of Resale

Ebbe Hendon and Torben Tranaes

95-05: Public Policy and Economic Growth in an Imperfectly Competitive World of Interdependent Economies

Keith Blackburn and Lill Hansen

95-04: Economic Properties and Expectations. How the Process of Learning Develops by Selection

Jan Gunnarsson

95-03: Common Trends Analysis of Danish Unemployment

Henrik Hansen and Anders Warne

95-02: Labour Unions, Capital Accumulation, and the Natural Rate of Unemployment

Claus Thustrup Hansen

95-01: Wages and Employment in a Repeated Game with Revenue Fluctuations

Christian Schultz

94-16: Modelling Exchange Rates in Continuous Time: Theory, Estimation and Option Pricing

William Perraudin and Bent Sorensen

94-15: Profit Maximization Mitigates Competition

Egbert Dierker and Birgit Grodal

94-14: Taxation, Pollution, Unemployment and Growth: Could there be a "Triple Dividend" from a Green Tax Reform?

Peter Birch Sørensen, Lars Haagen Pedersen and Søren Nielsen

94-13: A Critical Examination of Target Zones and Reflections on the EMS Experience

Niels Thygesen

94-12: On the Foundations of Nash Equilibrium

Hans Jørgen Jacobsen

94-11: Optimal Labor Contracts May Exhibit Wage Fluctuations Due to Wage Discrimination

Hans Jørgen Jacobsen and Christian Schultz

94-10: Allocating Durable Goods Through a First-Come Rule or Through Individual Ownership

Henrik Lando

94-09: Unemployment and Policy Neutrality under Competition

Torben Tranaes

94-08: The Dual Class Share System and the Market for Corporate Control

Henrik Lando

94-07: Integration and Deregulation of European Grain Markets, 1500-1900

Karl Gunnar Persson

94-06: Fictitious Play in Extensive Form Games

Ebbe Hendon, Hans Jørgen Jacobsen and Birgitte Sloth

94-05: Reputation for Honesty in Repeated Games with One Long Run Player

Christian Schultz

94-04: Signalling to Competing Retailers: Receiver Discretion and Adverse Selection

Svend Albæk and Per Overgaard

94-03: Constancy of Structural Long-Run Relations in a Cointegrated VAR Model of Export Pricing

Hans Christian Kongsted

94-02: Uniqueness in Two-type Signalling Games: Finite Response Sets vs. Continuum Response Sets

Svend Albæk and Per Overgaard

94-01: Developing Country Debt in the 1990s: Is the Crisis Over?

Peter Hjertholm