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A man is a key subject of economics. “A man is irrational” - this opinion can be made from Allais paradox, risk …
Persistent link: https://www.econbiz.de/10008794157
stereotype of risk averse and less competitive older employees. …
Persistent link: https://www.econbiz.de/10010821398
With a market entry game inspired by Camerer and Lovallo (1999), we study the attitudes of junior and senior employees towards strategic uncertainty and competition. Seniors exhibit higher entry rates compared to juniors, especially when the market capacity is not too low or when earnings from...
Persistent link: https://www.econbiz.de/10010899002
, gas, and renewable power plants). It finds that optimal investment in renewable energy may start before coal power has … been phased out and even before investment in gas has started, because doing so allows for smoothing investment over time … and reduces adjustment costs. Gas plants may be used to reduce short-term investment in renewable power and associated …
Persistent link: https://www.econbiz.de/10010890090
represented by the decrease in entropy of his beliefs, regardless of his preferences, initial wealth, or investment problem. We …
Persistent link: https://www.econbiz.de/10010930175
sector to study the impact of investment subsidies on equilibrium investment and output. Energy and capital are assumed to be … structures are considered for the energy market, free entry and natural monopoly. First, it is shown that investment subsidies … may induce a larger equilibrium investment into cleaner technologies either under free entry or natural monopoly. However …
Persistent link: https://www.econbiz.de/10009644796
contractual relationships that link exports from Sub-Saharan Africa to China and investment by Chinese firms in Sub-Saharan Africa … combine trade, aid and investment, which may create 'lock-in' effects. China's trade and investment focus on the commodities … that are produced by African countries, which are crucial inputs in China's growth, with the risk of a growing dependence …
Persistent link: https://www.econbiz.de/10009353553
adjustment costs on investment. …
Persistent link: https://www.econbiz.de/10010750394
Complicated neoclassical models predict that if investment is sensitive to current financial performance, this is a …, refers to the principle of "growth of the fitter" to explain investment-cash flow sensitivities as the workings of a healthy …
Persistent link: https://www.econbiz.de/10010750396
This paper presents a comparable set of results on the monetary transmission channels on firm investment (the interest … those countries,investment relationships are estimated explaining investment by its user cost, sales and cash flow.A first … result is that investment is sensitive to user cost changes in all those four countries. Thisimplies an operative interest …
Persistent link: https://www.econbiz.de/10010750630