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Heterogeneity in Price Rigidity: Evidence from a Case Study Using Micro-Level Data

Levy, Daniel; Dutta, Shantanu; Bergen, Mark - EconWPA - 2004

We combine two data sets to study price rigidity. The first consists of weekly time series of retail, wholesale, and spot prices for twelve products. These time series contain two exogenous cost shocks. We find that prices exhibit more rigidity in response to the second shock than the first. The...

Persistent link: https://www.econbiz.de/10005412696

Multigame models of innovation in evolutionary economics

Gagen, M. J. - EconWPA - 2003

We incorporate information measures representing knowledge into an evolutionary model of coevolving firms and markets …

Persistent link: https://www.econbiz.de/10005118538

Does the Concept of “Community of Practice” Show New Trajectories for the Evolution of Industrial Districts?

Sedita, Silvia Rita - EconWPA - 2005

of Practice” (CoP) for understanding the dynamics of knowledge creation and sharing in Industrial Districts (IDs). The … repository” of knowledge. The source of the concept of agglomeration of firms in ID is completely different. Anyway, many …, it explains the three main concepts useful for understanding further argumentations: knowledge, ID, CoP. Next, it offers …

Persistent link: https://www.econbiz.de/10005118964

Review of the Gas Access Regime

Commission, Productivity - EconWPA - 2004

The Commission was asked to review the National Third Party Access Regime for Natural Gas Pipelines. The review sought …

Persistent link: https://www.econbiz.de/10005561783

Complementarity, Competition and Institutional Development: The Irish Loan Funds through Three Centuries

Hollis, Aidan; Sweetman, Arthur - EconWPA - 1997

Ireland's loan funds were a long lived, self-sustaining, large-scale microcredit organization that made millions of loans, without collateral, to the poor. We examine the life-cycle of this institution and show how the loan funds responded to their economic environment in ways that benefitted...

Persistent link: https://www.econbiz.de/10005076565

Why Do Firms Hide? Bribes and Unofficial Activity after Communism

Johnson, Simon; Kaufmann, Daniel; McMillan, John; … - EconWPA - 2003

Our survey of private manufacturing firms finds the size of hidden ‘unofficial’ activity to be much larger in Russia and Ukraine than in Poland, Slovakia and Romania. A comparison of cross-country averages shows that managers in Russia and Ukraine face higher effective tax rates, worse...

Persistent link: https://www.econbiz.de/10005076624

The Dynamics of Currency Substitution, Asset Substitution and De facto Dollarization and Euroization in Transition Countrieses

Feige, Edgar L. - EconWPA - 2003

This paper presents new evidence on the dynamics of dollarization and euroization for twenty-five transition countries. Estimates of the amount of foreign currency in circulation (FCC) in transition countries are used to develop a new comprehensive dollarization index (CDI) and separate indices...

Persistent link: https://www.econbiz.de/10005076821

Transition in FSU and sub-Saharan countries: The role of institutions

Laurila, Juhani - EconWPA - 2002

This study compares transition processes in countries of Central and Eastern Europe, the former Soviet Union (FSU) and sub-Saharan Africa. By widening the scope from most- to least-developed transition economies, the study establishes the importance of a strong state with evolved institutional...

Persistent link: https://www.econbiz.de/10005076830

THE UK'S UNOBSERVED ECONOMY: A PRELIMINARY ASSESSMENT

Feige, Edgar L. - EconWPA - 2005

This paper examines the available evidence on the size the UK’s underground (unobserved) economy and presents preliminary evidence on the size and growth of the unobserved economy for the period 1960-1980 based on Feige’s transaction approach. Reference: Journal of Economic Affairs, Vol.1...

Persistent link: https://www.econbiz.de/10005125016

The Underground Labor Market between Social Norms and Economic Inventives

Bonaventura, Luigi - EconWPA - 2005

– This paper examines the phenomenon of the underground economy. We analyze the choice by firms and workers to carry out their economic activities within the formal economy context (regular economy) or the underground economy context (irregular economy). We assume that there are two types of...

Persistent link: https://www.econbiz.de/10005125735

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