Showing 1 - 10 of 55
Dynamic decision-making without commitment is usually modelled as a game between the current and future selves of the decision maker. It has been observed that if the time-horizon is infinite, then such games may have multiple subgame-perfect equilibrium solutions. We provide a sufficient...
Persistent link: https://www.econbiz.de/10005645366
The search for growth-promoting policies is found to demand knowledge of how growth depends upon actions of entrepreneurs and how these actions depend upon the prevailing institutions. While institutions have extensively been examined for their influences upon the freedoms and the incentives of...
Persistent link: https://www.econbiz.de/10005780392
The search for growth-promoting policies is found to demand knowledge of how growth depends upon actions of entrepreneurs and how these actions depend upon the prevailing institutions. While institutions have extensively been examined for their influences upon the freedoms and the incentives of...
Persistent link: https://www.econbiz.de/10005190640
No abstract.
Persistent link: https://www.econbiz.de/10010684535
The firm is defined in terms of its financial objectives, achieved through human-based organizational competence, conferring scale economies on all other factors. Competence is developed through organizational learning, jointly produced with the value added of the firm, largely manifesting...
Persistent link: https://www.econbiz.de/10010818393
No abstract.
Persistent link: https://www.econbiz.de/10010818462
We survey the literature on social networks by putting together the economics, sociological and physics … network formation. While the physics/applied mathematics approach is capable of reproducing most observed networks, it does … not explain why they emerge. On the contrary, the economics approach is very precise in explaining why networks emerge but …
Persistent link: https://www.econbiz.de/10008502564
Building on recent research in social psychology, this paper analyzes the link between the precision of initial cash offers and M&A outcomes. About one-half of the offers are made at the precision of one or five dollars per share, and an additional one-third at the precision of half dollar or...
Persistent link: https://www.econbiz.de/10010944997
conflict among various social groups. Democratic mechanisms for correlating public and private interest that enlist the …
Persistent link: https://www.econbiz.de/10011019055
The multinational firm (MNF) is introduced as the intersection between trade theory and the theory of the firm. I show that economies of scale associated with various knowledge inputs have made it possible for firms to grow large through internationalization and, once large, staying competitive...
Persistent link: https://www.econbiz.de/10011019068