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This comment deals with Lipietz's presentation of a solution which had been proposed to the transformation problem. Lipietz's account can be criticized in two respects. First, his attempt to integrate the familiar Morishima-type approach with the newer one is based on a confusion between the...
Persistent link: https://www.econbiz.de/10011072266
The aim of this thesis is to model the dynamics of international term structure of interest rates taking into consideration several dependence channels.Thanks to a new international Treasury yield curve database, we observe that the explained variability decision criterion, suggested by the...
Persistent link: https://www.econbiz.de/10011074666
innovation production level, such as the Competitiveness Clusters. The aim of this paper is to provide a case study that …
Persistent link: https://www.econbiz.de/10010706543
notions of « industrial district » or « clusters ». Encouraged by more recent works of Porter (1998), national volontaries … foundations of the performance of the clusters and conditions of their implementation. Thus, after a literature review where we … put in obviousness elements fastened to the industrial district performance and clusters (and more largely to phenomenon …
Persistent link: https://www.econbiz.de/10011071936
Persistent link: https://www.econbiz.de/10011072634
This paper provides evidence for the assertion that there is deep structural coherence between the work of Adam Smith and modern general equilibrium theory, most notably Gérard Debreu's Theory of Value. In particular, we show that Adam Smith formulated a number of highly original and to some...
Persistent link: https://www.econbiz.de/10010706967
In order to analyse the effect of ambiguity and uncertainty aversion on equilibrium welfare, a two period, pure exchange one good economy is considered. Agents are Choquet-expected-utility maximizers with same convex capacity and strictly concave utility index. It is proven that equilibrium is...
Persistent link: https://www.econbiz.de/10010708255
Différentes études théoriques et empiriques ont déterminé les raisons pour lesquelles les entreprises décident de gérer leurs risques financiers. Les hypothèses qui les sous-tendent et les principaux résultats auxquels elles ont abouti sont synthétisés dans cet article. Ces études...
Persistent link: https://www.econbiz.de/10011073023
Persistent link: https://www.econbiz.de/10011073153
Alliance is one of the organizational practices that have increased in popularity over the past decade. However, many of this collaborative relations fails. Management literature insist on the fact that organizations need to create specific structures to manage alliance relationships. The aim of...
Persistent link: https://www.econbiz.de/10011074015