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Showing 4,481-4,500 of 17,316 items.

A Theory of Buyer-Seller Networks

By Rachel E. Kranton and Deborah F. Minehart

òòò½Íø Review, June 2001

This paper introduces a new model of exchange: networks, rather than markets, of buyers and sellers. It begins with the empirically motivated premise that a buyer and seller must have a relationship, a "link," to exchange goods. Networks--buyers, sellers,...

How to Judge Voting Schemes

[Symposium: Economics of Voting]

By Amartya Sen

Journal of Economic Perspectives, Winter 1995

This symposium on voting procedures presents many interesting findings and insights. This note scrutinizes them and discusses two general issues. First, the assumption that voters' preferences are menu-independent (and based on one canonical ordering of t...

Space: The Final Frontier

[Symposium: Urban Agglomeration]

By Paul Krugman

Journal of Economic Perspectives, Spring 1998

Traditionally, until the early 1990s, spatial economics -- the study of where economic activity takes place and why -- was pretty much neglected. Even now not one of the best-selling introductory textbooks in economics contains a single index entry for "l...

Bank Leverage Cycles

By Galo ±·³Üñ´Ç and Carlos Thomas

òòò½Íø Journal: Macroeconomics, April 2017

We propose a general equilibrium framework with financial intermediaries subject to endogenous leverage constraints, and assess its ability to explain the observed fluctuations in intermediary leverage and real economic activity. In the model, intermediar...