Browsing Working Papers by Author "Wang, Ping"
Now showing items 1-19 of 19
-
Wang, Ping; Xie, Danyang (Vanderbilt University, 2001)This paper constructs an integrated framework to disentangle the underlying economic mechanism of industrial transformation. We consider three essential elements for the analysis: skill requirements, industry wide spillovers ...
-
Tallman, Ellis W.; Tang, De-paio; Wang, Ping (Vanderbilt University, 2001)This paper re-examines the dynamics of hyperinflation extending the standard Cagan framework. In our theoretical model, we allow the relative price of capital goods in units of consumption goods to vary in order to examine ...
-
Chen, Been-Lon; Chiang, Yeong-Yuh; Wang, Ping (Vanderbilt University, 2000)This paper develops a dynamic general-equilibrium model with production to examine the inter-relationships between the real and the financial sectors with and without credit market imperfections. Due to the moral hazard ...
-
Conley, John P.; Wang, Ping (Vanderbilt University. Dept. of Economics, 2004-01-20)We consider a simple model in which agents are endowed with heterogeneous abilities and differing degrees of honesty. Agents choose either to become criminals or invest in education and become workers instead. The model ...
-
Jha, Sailesh K.; Wang, Ping; Yip, Chong K. (Vanderbilt University, 2000)This paper examines the dynamic properties of a monetary endogenous growth model in which money is introduced into the system via a transactions-cost technology. A monetary equilibrium that either satisfires the Friedman ...
-
Fender, John; Wang, Ping (Vanderbilt University, 2000)An overlapping-generations model where agents choose whether to become educated when young is presented. Education enhances productivity, but needs to be financed by borrowing. Because of the possibility of default, lenders ...
-
Fender, John; Wang, Ping (Vanderbilt University, 2001)An overlapping-generations model where agents choose whether to become educated when young is presented. Education enhances productivity, but needs to be financed by borrowing. Because of the possibility of default, lenders ...
-
Bond, Eric W.; Trask, Kathleen; Wang, Ping (Vanderbilt University, 2000)This paper develops a two country endogenous growth model with accumulation of both physical and human capital. We establish the existence of two country balanced growth equilibria in which physical and human capital grow ...
-
Chang, Chia-Ying; Huang, Chien-Chieh; Wang, Ping (Vanderbilt University, 2000)This paper establishes a growth model where firms and residents in polluted areas bargain cooperatively to settle environmental concerns. While economic development affects the extent of the negotiation outcomes, the ...
-
Jiang, Neville N.; Wang, Ping; Wu, Haibin (Vanderbilt University, 2002)This paper develops an overlapping-generations model of finance and growth with intrinsic heterogeneity in loanable fund conversion ability, where agents make occupational choice between becoming entrepreneurs and becoming ...
-
Hwang, Jinyoung; Jiang, Neville Nien-Heui; Wang, Ping (Vanderbilt University, 2002)We build a model consisting of a borrowing firm, a lending institution (bank), and a third party influencing loan decision-making (auditor/government regulator) where a low-type firm can bribe the auditor to file an ...
-
Becsi, Zsolt; Li, Victor; Wang, Ping (Vanderbilt University, 2000)What happens when liquidity increases in credit markets and more funds are channeled from borrowers to lenders? We examine this question in a general equilibrium model where financial matchmakers help borrowers (firms) and ...
-
Berliant, Marcus; Reed III, Robert R.; Wang, Ping (Vanderbilt University, 2000)Despite wide recognition of their significant role in explaining sustained growth and economic development, uncompensated knowledge spillovers have not yet been fully modeled with a microeconomic foundation. The main purpose ...
-
Chen, Been-Lon; Mo, Jie-Ping; Wang, Ping (Vanderbilt University, 2000)This paper develops an endogenous growth model with labor market matching and technology adoption. While labor market search and entry frictions lengthen technology diffusion, exogenous technology arrival may creatively ...
-
Laing, Derek; Li, Victor; Wang, Ping (Vanderbilt University, 2000)We study price determination and exchange patterns in a monopolistically competitive economy, in which both goods and (fiat) money are perfectly divisible. The decentralized trading environment features 'multiple matches,' ...
-
Berliant, Marcus; Peng, Shin-Kun; Wang, Ping (Vanderbilt University, 2000)Jacobs (1969) argues that uncompensated knowledge spillovers have played a crucial role in population agglomeration and thus in the generation of cities. We explore this idea formally by extending the Romer (1986) model ...
-
Abdel-Rahman, Hesham M.; Norman, George; Wang, Ping (Vanderbilt University, 2001)This paper develops a North-South trade model in which the South produces food and the North produces both food and a high-tech good. Food production is undertaken by unskilled workers while the high-tech product is made ...
-
Laing, Derek; Palivos, Theodore; Wang, Ping (Vanderbilt University, 2001)A dynamic general equilibrium model of search and matching is constructed in which: (i) the stock of public knowledge grows through time and (ii) workers accumulate a fraction of this knowledge through education while ...
-
Berliant, Marcus; Peng, Shin-Kun; Wang, Ping (Vanderbilt University, 2000)We develop a discrete or finite household model with congestable local public goods where the level of provision, the number of facilities and their locations are all endogenously determined in a purely normative context. ...