Showing 1 - 10 of 38
We investigate the impact of information about student satisfaction on university choice, using data from the UK …
Persistent link: https://www.econbiz.de/10011126173
Persistent link: https://www.econbiz.de/10010884556
Most natural resources that are used in production are non-renewable. When they become depleted they are lost for future use. Does it follow that the limited availability of natural resources will at some time in the future constrain economic growth as many environmentalists believe? While...
Persistent link: https://www.econbiz.de/10010928744
Historical growth dynamics of energy technologies reveal a consistent relationship between the extent to which a technology’s installed capacity grows and the time duration of that growth. This extent – duration relationship is remarkably consistent across both supply-side and demand-side...
Persistent link: https://www.econbiz.de/10010745156
match this management data to production and energy usage information for establishments owned by these firms. We find that …
Persistent link: https://www.econbiz.de/10010746109
In a general equilibrium product-cycle model, lower trade barriers in-crease Southern purchasing power, which lifts long-run growth by increasing the profit from innovation. In the short run, factors of production must be reallocated inside firms, which lowers the opportunity cost of innovation,...
Persistent link: https://www.econbiz.de/10011126023
Allowing for a richer information structure than usual, we show that rational traders’ calculation with short … i.e. there is no noise trader risk. Instead, traders expect that new rational entrants with different information in the … their private information or - in the extreme - will trade against their private information i.e. buy more of the risky …
Persistent link: https://www.econbiz.de/10010884635
ignoring the role of dominant narratives, analytical monocultures, self-reinforcing emotions, feedback loops, information … pertinent but has serious flaws. His central thesis—that the market price system is essential for communicating information and …
Persistent link: https://www.econbiz.de/10011071336
Uncertainty varies strongly over time, rising by 50% to 100% in recessions and by up to 200% after major economic and political shocks. This paper shows that higher uncertainty reduces the responsiveness of R&D to changes in business conditions - a “caution-effect” - making it more...
Persistent link: https://www.econbiz.de/10011071505
Market participants' risk attitudes, wealth and portfolio composition in°uence their positions in a pegged foreign currency and, therefore, may have important e®ects on the sustainability of currency pegs. We analyze such e®ects in a global game model of currency crises with continuous action...
Persistent link: https://www.econbiz.de/10011071518