Outputs (53)

Cheap talk advertising in auctions : horizontally vs vertically differentiated products (2017)
Preprint / Working Paper
Li, D., & Jewitt, I. Cheap talk advertising in auctions : horizontally vs vertically differentiated products

This paper explores the possibilities for sellers to usefully transmit product infor- mation to buyers by cheap talk public advertising. We explore two polar cases, con- trasting vertically di¤erentiated products (à la Milgrom Weber’s (1982) general... Read More about Cheap talk advertising in auctions : horizontally vs vertically differentiated products.

Tax Reform, Unhealthy Commodities and Endogenous Health (2017)
Preprint / Working Paper
Wang, J., Marsiliani, L., & Renstrom, T. Tax Reform, Unhealthy Commodities and Endogenous Health

This paper explores how tax reforms with taxes on unhealthy commodities impact consumer behaviours and welfare when individual health is endogenised. We employ a dynamic general equilibrium model which includes both goods and health sectors. Although... Read More about Tax Reform, Unhealthy Commodities and Endogenous Health.

Unconditionally Optimal Ramsey policy (2017)
Preprint / Working Paper
Damjanovic, T., Damjanovic, V., & Nolan, C. Unconditionally Optimal Ramsey policy

We discuss a time invariant policy which delivers the unconditionally optimal outcomes in purely forward-looking models and Ramsey outcomes in purely backward-looking models. This policy is a product of interaction between two institutions with disti... Read More about Unconditionally Optimal Ramsey policy.