Showing 1 - 10 of 223
This paper investigates differences in the rate of growth of population across the large city-regions of the EU12 between 1980 and 2000. The US model which assumes perfect factor mobility does not seem well adapted to European conditions. There is evidence strongly suggesting that equilibrating...
Persistent link: https://www.econbiz.de/10005407839
tax competition between national governments to influence the location of manufacturing activity. Labour is imperfectly … lower trade costs. We show that either type of integration may result in a decrease in the intensity of tax competition, and …
Persistent link: https://www.econbiz.de/10005556493
I study the consequences of heterogeneity of skills for the design of an optimal unemployment insurance, using a principal-agent set-up with a risk neutral insurer and infinitely lived risk averse agents. Agents, who are characterised by different productivities or skills, are employed by firms...
Persistent link: https://www.econbiz.de/10005408328
This paper argues that advertising should be regarded as a transaction between a consumer and a firm that potentially generates a mutual benefit. We develop that there exists a problem of adverse selection, however, which makes it impossible to establish direct markets for advertising. The media...
Persistent link: https://www.econbiz.de/10005412873
This paper analyzes sequential games of double-sided Bertrand competition in the deposit and credit markets, when banks … are free to reject customers and cannot distinguish among borrowers. The timing of competition is crucial when customers … submitted to downward pressures otherwise. With multiple applications, the order of competition does not matter. Multiple …
Persistent link: https://www.econbiz.de/10005550896
We utilize county-level data to explore growth determination in the U.S. and possible heterogeneity in growth determination across individual states. The data includes over 3,000 cross-sectional observations and 39 demographic control variables. We use a consistent two stage least squares...
Persistent link: https://www.econbiz.de/10005118829
THIS PAPER ENUNERATES THE SEQUENTIAL HISTORIC ORIGIN OF OSUMENYI VILLAGE AND ITS CULTURAL, RELIGIOUS AND ECONOMIC PRACTICES. IN OTHERWORDS, THE PAPER WILL HELP TO CLARIFY SOME OF THE SOCIO-POLITICAL CHANGES AND ECONOMIC CHANGES THAT HAS TAKEN PLACE IN OSUMENYI'S HISTORY. THE PAPER RECOMMENDS THE...
Persistent link: https://www.econbiz.de/10005119014
exchange rate regime, thereby re-establishing some credibility of the theory. …
Persistent link: https://www.econbiz.de/10005125528
This paper investigates underlying causes of the debt crisis that only surfaced with Mexico’s unilateral moratorium on her foreign obligations in 1982. The paper investigates the evolutionary trend of LDC debt and the consequences for lenders, borrowers and the international financial system....
Persistent link: https://www.econbiz.de/10005125557
The current research emphasis on institutions as key determinants of economic performance, rather than on resources and resource productivity, has uncovered important questions for further research. For example, if institutions are central to economic performance, then what explains observed...
Persistent link: https://www.econbiz.de/10005125631