Showing 1 - 10 of 138
This paper argues that even temporary barriers to entry present at the very beginning of transition may lead to permanent extortion development. Entry restrictions, if binding, lead to excess profits, which create an incentive to extort. The emergence of extortionists reduces the expected profit...
Persistent link: https://www.econbiz.de/10005062420
This note draws upon ecological models to describe the structure and equilibrium conditions of a generalized economic canopy consisting of three interactive economies assumed to be in competitive epiphytic, parasitic, and host relationships to each other. The maintained hypothesis is that...
Persistent link: https://www.econbiz.de/10005407682
In January 2003, the Government asked the Commission to undertake a study into the Mutual Recognition Agreement (MRA) and Trans-Tasm an Mutual Recognition Arrangement (TTMRA).
Persistent link: https://www.econbiz.de/10005135060
This paper uses firm level data collected by the Australian Bureau of Statistics in its Business Longitudinal Survey to …
Persistent link: https://www.econbiz.de/10005062584
The final report of the public inquiry, National Workers' Compensation and Occupational Health and Safety Frameworks. Consistent with its terms of reference, the Commission had recommended a national workers’ compensation scheme to operate alongside those of the States and Territories to...
Persistent link: https://www.econbiz.de/10005062773
Sports and war metaphors abound in business today. For example, one management book, Thunder in the Sky, by Thomas … business world as tantamount to victory in battle.” The book advises American executives to do the same. However, such … metaphors are misleading. The objective in both sports and war is to beat the competitor. Business, on the other hand, aims to …
Persistent link: https://www.econbiz.de/10005408094
The increased use of information and communications technology (ICT) has helped to raise Australia’s productivity growth, according to a new Commission study. It has enabled firms to innovate in what they do and how they do it. ICT Use and Productivity: A Synthesis from Studies of Australian...
Persistent link: https://www.econbiz.de/10005556032
This paper develops a model of pricing and advertising in a matching environment with capacity constrained sellers. Sellers' expenditure on directly informative advertising attracts consumers only probabilistically. Consumers who happen to observe advertisements randomize over the advertised...
Persistent link: https://www.econbiz.de/10005076903
We examine whether a simple agent--based model can generate asset price bubbles and crashes of the type observed in a series of laboratory asset market experiments beginning with the work of Smith, Suchanek and Williams (1988). We follow the methodology of Gode and Sunder (1993, 1997) and...
Persistent link: https://www.econbiz.de/10005076911
This paper documents the delayed adoption of a major technological innovation: the adoption of the diesel locomotive in the US railway industry. Contrary to other instances of major technological innovations, the delay in the adoption of the diesel locomotive was not associated with an initial...
Persistent link: https://www.econbiz.de/10005077077