Showing 1 - 10 of 252
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
We address the question of how lending market competition, measured by the bargaining power of banks, affects the … agency costs of debt finance. It is shown that intensified lending market competition will lead to lower lending rates and … lending market competition will reduce the agency cost of debt financing. Hence, our analysis does not lend support to the …
Persistent link: https://www.econbiz.de/10009781549
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
According to the existing literature, capital taxes should not be imposed in the presence of optimal profit taxation in either unionised or competitive labour markets. We show that this conclusion does not hold for an economy with both competitive and unionised sectors, where the competitive...
Persistent link: https://www.econbiz.de/10011514057
of the trade union. Intensified product market competition decreases profit sharing, but increases the negotiated base … higher wage elasticity of labor demand. Finally, we show that intensified product market competition does not necessarily …
Persistent link: https://www.econbiz.de/10003297381
equilibrium unemployment. The relationship between the long-run unemployment and the intensity of product market competition is …
Persistent link: https://www.econbiz.de/10002521703