Browsing Produção Intelectual em Bases Externas by Author "Araujo, Luis Fernando Oliveira de"
Now showing items 1-7 of 7
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Institutional quality and capital taxation
2016-02We describe the preferred taxation regime in a small economy with uncertain institutional quality. We obtain that a preferential taxation regime in which taxes can be matched to the mobility of the tax base may be worse ... -
Institutions and export dynamics
2016We study how contract enforcement and export experience shape firm export dynamics in an environment with incomplete information. We show that exporters start with higher volumes and sell for longer periods in countries ... -
Intertemporal coordination with delay options
2015-05This paper studies equilibrium selection in intertemporal coordination problems with delay options. The risk-dominant action of the underlying one-shot game is selected when frictions are arbitrarily small. Larger frictions ... -
Knowledge sharing and the dynamics of social capital
2011-12Mutual aid often entails the sharing of knowledge. We investigate how, in turn, knowledge sharing affects the long-run dynamics of mutual aid. In our economy, agents with specific knowledge are 'held up' by their principals. ... -
Limited monitoring and the essentiality of money
2015-05Monetary theory emphasizes that imperfect monitoring is necessary for money to be essential, that is, for money to achieve socially desirable allocations. Little is known about how limited monitoring must be if money is ... -
Markets and relationships in a learning economy
2010-07It is generally agreed that within long-term relationships agents learn the characteristics of their market partners better than through spot transactions. In contrast, little is known on how relationship-based and ... -
On the essentiality of banks
2011-08We compare allocations sustained by credit with allocations sustained by bank notes (inside money) in a search model with decentralized trade and limited monitoring. We demonstrate that there exists a credit arrangement ...
