Search results for "Fundamentos del Análisis Económico"

showing 2 items of 2 documents

Strategic sharing of a costly network

2012

We study minimum cost spanning tree problems for a set of users connected to a source. Prim’s algorithm provides a way of finding the minimum cost tree mm. This has led to several definitions in the literature, regarding how to distribute the cost. These rules propose different cost allocations, which can be understood as compensations and/or payments between players, with respect to the status quo point: each user pays for the connection she uses to be linked to the source. In this paper we analyze the rationale behind a distribution of the minimum cost by defining an a priori transfer structure. Our first result states the existence of a transfer structure such that no user is willing to …

Economics and EconometricsMathematical optimizationjel:D630211 other engineering and technologies02 engineering and technologyOutcome (game theory)Subgame perfect equilibriumSet (abstract data type)Distributed minimum spanning treeSubgame perfect equilibrium0502 economics and businessEconomics050207 economicsMinimum cost spanning treeUser paysjel:C71jel:D70Cost allocationFundamentos del Análisis Económico021103 operations researchApplied Mathematics05 social sciencesCost allocationCore (game theory)Tree (data structure)CoreMinimum cost spanning tree; cost allocation; subgame perfect equilibriumTransfer structureJournal of Mathematical Economics
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The effects of monetary policy on income and wealth inequality in the U.S. Exploring different channels

2020

We assess the effects of monetary policy shocks on income and wealth inequality through direct inequality measures and by analyzing several transmission channels explored in recent literature. Furthermore, we analyze two additional channels: the Housing and the Fiscal channels. The methodology adopted is a Bayesian proxy SVAR using a high-frequency identification based on the external instruments approach. Our own policy shocks are constructed for this purpose. The results show that an expansionary monetary policy shock does not have a significant effect on income inequality due to the existence of opposite channels, whereas it increases wealth inequality mainly through the portfolio channe…

Economics and EconometricsTransmission channelFundamentos del Análisis EconómicoInequalitymedia_common.quotation_subject05 social sciencesMonetary policyIncome and wealth inequality0211 other engineering and technologies02 engineering and technologyMonetary economicsHigh-frequency identificationMonetary policyEconomic inequalityProxy SVAR0502 economics and businessEconomicsPortfolio021108 energy050207 economicsmedia_commonCommunication channelBVAR
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