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Economists often perceive the “ideological beliefs“ held by political actors as obstacles to rational policy-making. In contrast, it is argued that ideologies have characteristics that appear desirable in policy- making in that they allow political actors to credibly commit themselves to...
Persistent link: https://www.econbiz.de/10005556964
This article presents a formalization of knowledge based on a connectionist model of a firm's structure. Transaction costs are not ignored, but integrated with the knowledge-based approach. A numerical example on the canonical comparison of "Japanese" versus "American" organizational structures...
Persistent link: https://www.econbiz.de/10005561473
In this working paper it is investigated how affect and cognition interact in consumer decision making. The research …
Persistent link: https://www.econbiz.de/10005125573
Shafer's evidence theory is a branch of the mathematics of uncertain reasoning that allows for novel possibilities to be conceived by a decision-maker. Many of its findings exhibit striking similarities with an alternative decision theory purported by Shackle in the 1950s, before expected...
Persistent link: https://www.econbiz.de/10005125582
Investment decision-making is modeled by means of a Kohonen neural net, where neurons represent firms. This is done in order to model investments in novel fields of economic activity, that according to this model are carried out when firms recognize the emergence of a new technological pattern....
Persistent link: https://www.econbiz.de/10005076670
In the financial crisis literature, it is usually argued that, contrary to the case of currency crises, building a time series index to identify banking crisis episodes is highly difficult, particularly because of the lack of reliable data on banking sector variables (non-performing loans,...
Persistent link: https://www.econbiz.de/10005126447
This paper addresses an aspect of the financial crisis in South Korea that has not been dealt with in depth. The question that will be analyzed is: how does the general population perceive the crisis? In attempting to answer this question we rely on new representative survey data, covering the...
Persistent link: https://www.econbiz.de/10005407644
In April 2005, the research paper into Assistance to Tourism: Exploratory Estimates, was released. It is the first … comprehensive attempt to quantify the extent of assistance to tourism on a comparable basis to that for other industries in … Australia. While care is needed in interpreting the results, the estimates suggest that tourism receives a lower rate of …
Persistent link: https://www.econbiz.de/10005556150
city launching a tourism program.<BR> …
Persistent link: https://www.econbiz.de/10005556966
This paper is about quality decisions in a vertical structure where competitive producers sell to powerful retailers. Specifically, we focus the analysis on the role played by a tour operator on quality investments when distributing the capacity of a given tourist destination. We emphasize the...
Persistent link: https://www.econbiz.de/10005134461