Showing 1 - 10 of 10
One of the main reasons why workers’ enterprises (WE) still represent a relevant chunk of the economy may lie in some affinities with conventional profit maximizing firms. To prove this, we compare the entry policies of WEs and conventional firms when they can decide size at entry while having...
Persistent link: https://www.econbiz.de/10005392537
effect that this has on the reactions to market uncertainty. However, the set of internal organizations of firms is larger … interpret them. According to recent literature, firms carry out an irreversible investment, such as entry, only if market prices … because they react in diverse fashions to market price volatility. In this sense we are able to show that, in most cases, the …
Persistent link: https://www.econbiz.de/10005230934
considered as in transition to a full market economy, and that of the present EU members. The raw data shows some evidence of … convergence, and a carefully estimated econometric model of lagged adjustment confirms this. On average, a 1% decrease in the per … transition country by 0.7%. There are differences in the rate of convergence across countries, and these depend on two parameters …
Persistent link: https://www.econbiz.de/10005385409
The question of the spatial impacts of Information and Communication Technology (ICT) has animated intellectual and policy debate for a long time. At the beginning of the 1990s the advent of the Internet brought a new surge of debate: it was argued that the Internet would free the economy from...
Persistent link: https://www.econbiz.de/10005385512
By studying the interaction between social capital and decentralization, we show that political decentralization can be a source of divergence across heterogeneous regions. In particular, we claim that since the local endowments of social capital display their effect on the economy mainly...
Persistent link: https://www.econbiz.de/10010671478
contribute to explaining the waste dynamics. Though North-South waste performances are showing some signals of convergence …, greater efforts towards convergence of waste performances in a decentralised policy scenario are needed. …
Persistent link: https://www.econbiz.de/10008540411
We examine how three different communication processes operating through social networks are affected by homophily - the tendency of individuals to associate with others similar to themselves. Homophily has no effect if messages are broadcast or sent via shortest paths; only connection density...
Persistent link: https://www.econbiz.de/10005008021
Specializing in tourism is an option available to a number of less developed countries and regions. But is it a good option? To answer this question, we have compared the relative growth performance of 14 “tourism countries” within a sample of 143 countries, observed during the period...
Persistent link: https://www.econbiz.de/10005423168
and sufficient condition for convergence to consensus and characterize outcomes where the society ends up polarized. Our … some extent. We provide an analysis of the speed of convergence and the possible outcomes of the process. Furthermore, we …
Persistent link: https://www.econbiz.de/10010665511
an imitation dynamic and provide conditions under which play evolves to an imitation equilibrium; convergence is …
Persistent link: https://www.econbiz.de/10005230917