Showing 1 - 10 of 308
We analyze two hitherto little studied but salient questions concerning the trinity of asymmetric information, entrepreneurial activity, and the scope of fiscal policy in an open regional economy. First, we use a two period model to analyze the contractual relationship between entrepreneurs and...
Persistent link: https://www.econbiz.de/10013143999
This paper describes an economy where incomplete information regarding the default penalty can result in an upward-sloping supply of credit.We evaluate the role of partial information and other related factors in determining the elasticity of supply of credit and the credit ceiling facing the...
Persistent link: https://www.econbiz.de/10012762947
Optimal wage indexation, as derived by Gray, was subject to criticism due to a lack of efficient use of information; failure to clear the market which resulted in non-optimal contracts; and the lack of an explicit use of welfare criteria. The purpose of this paper is to derive a wage contract...
Persistent link: https://www.econbiz.de/10013246094
This paper describes an economy where incomplete information regarding the default penalty can result in an upward-sloping supply of credit.We evaluate the role of partial information and other related factors in determining the elasticity of supply of credit and the credit ceiling facing the...
Persistent link: https://www.econbiz.de/10012477195
Optimal wage indexation, as derived by Gray, was subject to criticism due to a lack of efficient use of information; failure to clear the market which resulted in non-optimal contracts; and the lack of an explicit use of welfare criteria. The purpose of this paper is to derive a wage contract...
Persistent link: https://www.econbiz.de/10012477951
the concept of 'entrepreneurial city'. A network connectivity model is adopted to assess connectivity patterns, using the …
Persistent link: https://www.econbiz.de/10011346457
with relying on market and competitive forcesto provide network services is the nature of supply and demandcharacteristics …
Persistent link: https://www.econbiz.de/10010336865
presented a research challenge to network analysis, that is, growth of the network. The present paper offers a network analysis … of the spatial commuting network in Germany. First, we study the spatial evolution of the commuting network over time …. Secondly, we compare two spatial interaction model (SIM) specifications, in order to replicate the actual network structure …
Persistent link: https://www.econbiz.de/10013138073
Many networks such as the Internet have been found to possess scale-free and small-world network properties reflected …-organizing processes and more specifically, preferential attachment. New nodes in a network tend to attach themselves to other vertices …, the diameter of the network is small in comparison to other network structures, and movement through the network is …
Persistent link: https://www.econbiz.de/10014068602
investigates - from a methodological viewpoint - the relationship between network connectivity and the rank-size rule (or Zipf …'s law) in an urban-economic network constellation. After a review of the literature, we address in particular the following …-economic network theories (e.g. entropy maximization, spatial interaction theory, etc.); (ii) the nature of the analytical relationship …
Persistent link: https://www.econbiz.de/10011731610