Michal Fabinger
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View article: Prospecting a Possible Quadratic Wormhole Between Quantum Mechanics and Plurality
Prospecting a Possible Quadratic Wormhole Between Quantum Mechanics and Plurality Open
We illustrate some formal symmetries between Quadratic Funding (Buterin et al., 2019), a mechanism for the (approximately optimal) determination of public good funding levels, and the Born (1926) rule in Quantum Mechanics, which converts t…
View article: Pass-through, welfare, and incidence under imperfect competition
Pass-through, welfare, and incidence under imperfect competition Open
This paper provides a comprehensive framework to study welfare effects of multiple policy interventions and other external changes under imperfect competition with emphasis on specific and ad valorem taxation as a leading case. Specificall…
View article: Supplementary Material to 'Functional Forms for Tractable Economic Models and the Cost Structure of International Trade'
Supplementary Material to 'Functional Forms for Tractable Economic Models and the Cost Structure of International Trade' Open
This online appendix to A Tractable Approach to Pass-Through Patterns includes proofs, pass-through patterns and Laplace transforms for common demand forms and details of our applications. The paper to which these Appendices apply is avail…
View article: International Influences on Japanese Supply Chains
International Influences on Japanese Supply Chains Open
This paper investigates the transmission mechanism of Chinese productivity shocks through industry-level and firm-level networks in the Japanese manufacturing sector using an instrumental variable approach. We find that increased Chinese p…
View article: Multi-Dimensional Pass-Through and Welfare Measures under Imperfect Competition
Multi-Dimensional Pass-Through and Welfare Measures under Imperfect Competition Open
This paper provides a comprehensive analysis of welfare measures when oligopolistic firms face multiple policy interventions and external changes under general forms of market demands, production costs, and imperfect competition. We presen…
View article: Functional Forms for Tractable Economic Models and the Cost Structure of International Trade
Functional Forms for Tractable Economic Models and the Cost Structure of International Trade Open
We present functional forms allowing a broader range of analytic solutions to common economic equilibrium problems. These can increase the realism of pen-and-paper solutions or speed large-scale numerical solutions as computational subrout…
View article: An Online Appendix to: 'The Average-Marginal Relationship and Tractable Equilibrium Forms'
An Online Appendix to: 'The Average-Marginal Relationship and Tractable Equilibrium Forms' Open
This online appendix to A Tractable Approach to Pass-Through Patterns includes proofs, pass-through patterns and Laplace transforms for common demand forms and details of our applications. The paper to which these Appendices apply is avail…
View article: The Average-Marginal Relationship and Tractable Equilibrium Forms
The Average-Marginal Relationship and Tractable Equilibrium Forms Open
Economic variables with familiar tractable functional forms (constant-elasticity or linear) are only reweighted in the change from their average to marginal versions. They are also simple, featuring only one or two terms. These properties …
View article: Reputational Effects in Sovereign Default
Reputational Effects in Sovereign Default Open
We present a tractable, quantitative model of sovereign borrowing that delivers empirically relevant regularities, such as graduation from default, sovereign debt spreads that may be high for an extended period of time, high debt-to-GDP ra…