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This paper addresses a number of questions which are essential to a proper understanding of the causes and effects of the inflationary process and to an assessment of the contribution of monetary policy to the achievement of long-term price stability. These questions are: (1) what are the...
Persistent link: https://www.econbiz.de/10005661822
together the following results: merging parties' profits fall but consumer surplus is unchanged, Stackelberg leadership raises …
Persistent link: https://www.econbiz.de/10011083659
the expense of all others. Our results shed light on the importance of leadership, strategy and “core competences,” as … leadership naturally arise as a response to organizational trade-offs between coordination and adaptation. At the optimum, all … attention is evenly allocated to a select number of "leaders." The organization then excels in a small number of focal tasks at …
Persistent link: https://www.econbiz.de/10011084079
I develop a model of group decision-making, in which a committee generates proposals and holds open discussions, but the ultimate decision is either taken by a leader (decision by authority) or by majority vote. Optimal communication processes are studied that combine both cheap talk statements...
Persistent link: https://www.econbiz.de/10005792030
Using input-output and world price data, this study computes domestic resource costs (DRCs) for branches of manufacturing industry in Bulgaria, Czechoslovakia, Hungary, Poland and the former Soviet Union. The results show a wide dispersion of DRCs in each country, including branches with...
Persistent link: https://www.econbiz.de/10005124050
This paper develops a framework for studying the interactions between labour unions, fiscal policy, monetary policy and monopolistically competitive firms. The framework is used to investigate the effects of labour taxes, the replacement ratio, labour market institutions and monetary...
Persistent link: https://www.econbiz.de/10005124224
This paper reviews alternative approaches to measuring an economy's cost competitiveness and proposes some new measures …
Persistent link: https://www.econbiz.de/10005136527
and increase the economy's competitiveness. The driving force behind these results is the technological substitution … production and hence increase international competitiveness and output of the economy. …
Persistent link: https://www.econbiz.de/10005136591
This paper analyses the impact of cost competitiveness and technology on export performance using a very rich panel …
Persistent link: https://www.econbiz.de/10005136613
This paper investigates the determinants of trends in Spain's industrial exports to other Community countries by using a sectoral panel data approach. Apart from overcoming the bias likely to arise from aggregate trade equations, this procedure is useful in detecting the existence of individual...
Persistent link: https://www.econbiz.de/10005498106