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Keyword: business cycle;

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Economics of Industry Paper

Cartel Stability under Capacity Constraints: The Traditional View Restored

Volker Nocke

The existence of a negative relationship between cartel stability and the level of excess capacity in an industry has for a long time been the dominant view in the traditional IO literature. Recent supergame-theoretic co...Read more...

July 1999

Econometrics Paper

Aggregate and Regional Disagggregate Fluctuations (Now published in Empirical Economics (1996), vol.21, no.1, pp.137-159.)

Danny Quah

This paper models fluctuations in regional disaggregates as a nonstationary, dynamically evolving distribution. Doing so enables study of the dynamics of aggregate fluctuations jointly with those of the rich cross-sectio...Read more...

August 1995