Raphael Thomadsen
Biographic Data
| ID | 4279222 |
|---|---|
| NAME | Raphael Thomadsen |
| GIVEN NAMES | Raphael |
| FAMILY NAME | Thomadsen |
| SIGNATURE | THOMADSEN R |
| AFFILIATIONS | University of California, Los Angeles |
| ORCID | 0000-0003-3958-5416 |
| VERIFIED | Yes |
| TOTAL WORKS | 2 |
| TOTAL CITATIONS | 3 |
| WORKS AS AUTHOR | 2 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2005 |
| LATEST PUBLICATION YEAR | 2008 |
| H-INDEX | 1 |
Optimal Minimum Wage in the Classic Labor Supply-and-Demand Paradigm
This article demonstrates that minimum wage laws need not induce unemployment even under the classic labor supply-and-demand paradigm. As a result, minimum wage laws can be welfare-enhancing under the basic labor supply and demand model, suggesting the presence of an optimal minimum wage. We discuss conditions under which the optimal minimum wage level is the subsistence wage level. As a consequence, minimum wages should vary across states or cou…
Memory and Anticipation
The introduction of memory imperfections into models of economic decision making creates a natural role for anticipatory emotions. Their combination has striking behavioural implications. The paper first shows that agents can rationally select apparently dominated strategies. We consider Newcomb's Paradox and the Prisoners' Dilemma. We provide a resolution for Newcomb's Paradox and argue it requires the decision maker to ascribe only a tiny weigh…
Memory and Anticipation
The introduction of memory imperfections into models of economic decision making creates a natural role for anticipatory emotions. Their combination has striking behavioural implications. The paper first shows that agents can rationally select apparently dominated strategies. We consider Newcomb's Paradox and the Prisoners' Dilemma. We provide a resolution for Newcomb's Paradox and argue it requires the decision maker to ascribe only a tiny weigh…
Memory and Anticipation
The introduction of memory imperfections into models of economic decision making creates a natural role for anticipatory emotions. Their combination has striking behavioural implications. The paper first shows that agents can rationally select apparently dominated strategies. We consider Newcomb's Paradox and the Prisoners' Dilemma. We provide a resolution for Newcomb's Paradox and argue it requires the decision maker to ascribe only a tiny weigh…
Optimal Minimum Wage in the Classic Labor Supply-and-Demand Paradigm
This article demonstrates that minimum wage laws need not induce unemployment even under the classic labor supply-and-demand paradigm. As a result, minimum wage laws can be welfare-enhancing under the basic labor supply and demand model, suggesting the presence of an optimal minimum wage. We discuss conditions under which the optimal minimum wage level is the subsistence wage level. As a consequence, minimum wages should vary across states or cou…
Economic theories and models (2 works) · Agriculture (1 work) · Anticipation (artificial intelligence (1 work) · Artificial Intelligence (1 work) · Artificial Intelligence (1 work) · Auction Theory and Applications (1 work) · Columbia university (1 work) · Computer Science (1 work) · Economics (1 work) · Efficiency wage (1 work)