Narrow search
Showing 1 - 10 of 33
Cover Image
Entrada y competencia en los servicios de telecomunicaciones
Muñoz, Israel J.; Huergo, Elena - EconWPA - 2005
Este trabajo analiza la entrada y la competencia en servicios de telecomunicaciones, en los que las empresas se diferencian por sus costes hundidos y por la valoración que reciben de los consumidores. En este marco de análisis desaparece el problema de coordinación presente en la literatura...
Persistent link: https://www.econbiz.de/10005076891
Cover Image
A Dynamic Equilibrium Model of Real Exchange Rates with General Transaction Costs
Goswami, Gautam; Shrikhande, Milind; Wu, Liuren - EconWPA - 2002
We study the behavior of real exchange rates in a two­country dynamic equilibrium model. In this model, consumers can only consume domestic goods but can invest costlessly in capital stocks of both countries. Nevertheless, transporting goods between the two countries is costly and, hence, the...
Persistent link: https://www.econbiz.de/10005076998
Cover Image
Economies of scale and technological development in securities depository and settlement systems
Schmiedel, Heiko; Malkamäki, Markku; Tarkka, Juha - EconWPA - 2004
The paper investigates the existence and extent of economies of scale in depository and settlement systems. Evidence from 16 settlement institutions across different regions for the years 1993–2000 indicates the existence of significant economies of scale. The degree of such economies,...
Persistent link: https://www.econbiz.de/10005077058
Cover Image
Why Funds of Funds?
Lai, Richard Kum-yew - EconWPA - 2005
Private equity funds of funds (FOFs) have become big business. Today, FOFs form 14% of new money raised. I test six explanations for the rise of FOFs. First, I find that FOFs do not generally deliver superior returns. They do, however, do well enough for the limited partners (LPs) that hire...
Persistent link: https://www.econbiz.de/10005134791
Cover Image
Economies of scale and technological development in securities depository and settlement systems
Schmiedel, Heiko; Malkamäki, Markku; Tarkka, Juha - EconWPA - 2004
The paper investigates the existence and extent of economies of scale in depository and settlement systems. Evidence from 16 settlement institutions across different regions for the years 1993–2000 indicates the existence of significant economies of scale. The degree of such economies,...
Persistent link: https://www.econbiz.de/10005135106
Cover Image
MINIMUM WAGE AND INCOME DISTRIBUTION IN DEVELOPING COUNTRIES
Rapanos, Vassilis T. - EconWPA - 2004
The purpose of this paper is to examine the effects of a change in the minimum wage on income distribution and employment in a developing economy. The basic framework of our analysis is the original Harris- Todaro model, in which the only factor that is intersectorally mobile is labor. We...
Persistent link: https://www.econbiz.de/10005556486
Cover Image
The Varieties of Subjectivism: Keynes and Hayek on Expectations
Butos, William N.; Koppl, Roger G. - EconWPA - 1995
issues of time and uncertainty in economics. The source of the difference between their economic ideas was the difference …
Persistent link: https://www.econbiz.de/10005076652
Cover Image
A More Realistic Endogenous Time Preference Model and the Slump in Japan
Harashima, Taiji - EconWPA - 2004
This paper presents a more realistic endogenous time preference model, incorporating the property that impatience decreases as consumption increases. The model overcomes a serious drawback of the existing model, which needs the assumption of increasing impatience. The new model is applied to the...
Persistent link: https://www.econbiz.de/10005076835
Cover Image
The Bad Government: A Source of Uncertainty and Business Fluctuations
Harashima, Taiji - EconWPA - 2004
Uncertainty represented by volatilities in equity markets has been observed to be time-variable and lead output … fluctuations. In the rational expectation framework, uncertainty with this nature needs exogenous variables with time … that supervisions and law enforcement that reduce cheatings in contracts is one of the ultimate sources of uncertainty. The …
Persistent link: https://www.econbiz.de/10005077043
Cover Image
A Model of Primary and Secondary Waves in Investment Cycles
Fioretti, Guido - EconWPA - 2002
. Uniting Schumpeter's concern for innovation with Keynes' concern for uncertainty and expectations formation, this article … focuses on the behaviour of entrepreneurs confronting uncertainty caused by innovation. Entrepreneurs' behaviour is …
Persistent link: https://www.econbiz.de/10005077089