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the return process and generate stochastic volatilities from two different sources, the jump component and the diffusion …
Persistent link: https://www.econbiz.de/10005077041
The diffusion of modern, efficient technology has far-reaching consequences for the geography of economic activity …. To investigate these claims we use event-history analysis to estimate the determinants of diffusion speed across a large … developed countries. Trade openness is also found to influence the rate of diffusion positively for all three technologies. Yet …
Persistent link: https://www.econbiz.de/10005062437
This is a monograph that presents both a comprehensive literature review and original research results on the diffusion … and the implications of e-business technologies. The diffusion of e-business technologies among firms is regarded as part …
Persistent link: https://www.econbiz.de/10005555995
The Information and Communication technology(ICT) environment in the economic community of west african states(ECOWAS) has changed sufficiently to warrant re-conceptualization of the earlier initiatives. Notably, many new technologies have emerged, especially in the area of wireless...
Persistent link: https://www.econbiz.de/10005118855
Using data from the Business Surveys Unit of the European Commission, this paper examines how, and how accurately, people assess economic systems. As expected, respondents demonstrate to know their own situation better than the system wide one, and the past better than the future. Also,...
Persistent link: https://www.econbiz.de/10005125017
when downstream firms have "passive beliefs." We stress that in many situations, an equilibrium with passive beliefs may … not exist and passive beliefs appear less plausible than "wary beliefs", introduced by McAfee and Schwartz, that account … for multilateral deviations. We show that in a broad range of situations, equilibria with wary beliefs exist and reflect …
Persistent link: https://www.econbiz.de/10005134530
entrepreneurs. The results indicate that entrepreneurs used different approaches to impart their values and beliefs to their firms …
Persistent link: https://www.econbiz.de/10005134537
Manski [2004] analyzes the relationship between the distribution of traders’ beliefs and the equilibrium price in a … demonstrating that both risk aversion and the distribution of traders’ beliefs significantly affect the equilibrium price. For …
Persistent link: https://www.econbiz.de/10005135086
conditional probabilities to model the beliefs of the players, Heifetz and Samet avoided using conditional probabilities formally … suggest that the concept of common prior is not appropriate to determine the players' beliefs. Two examples are also given. …
Persistent link: https://www.econbiz.de/10005407523
Several axioms concerning probabilistic beliefs are examined here, and the relations between them are established …, using belief spaces that generalize Harsanyi type spaces. Two axioms concerning high-order probabilistic beliefs are …) of one's own beliefs. The second is the averaging axiom, which states that a first order belief concerning some fact F is …
Persistent link: https://www.econbiz.de/10005407590