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A Simple Model of Bertrand Duopoly with Noisy Prices
Kaminski, Bogumil; Latek, Maciej - Volkswirtschaftliche Fakultät, … - 2012
We examine a market in which consumers are forced to rely on noisy price signals to select between homogeneous products. The noise originates either from firms' price obfuscation or consumers' bounded information processing capabilities. Standard models and empirical experiments of markets with...
Persistent link: https://www.econbiz.de/10011114430
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Multiplier product matrix analysis for interregional input-output systems: an application to the Brazilian economy
Guilhoto, Joaquim José Martins; Sonis, Michael; … - Volkswirtschaftliche Fakultät, … - 1999
multiplier product matrix (Sonis et al., 1997) and Sonis and Hewings (1999), the hierarchical decomposition proposed exploits the …
Persistent link: https://www.econbiz.de/10011109015
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SAM Multiplier and its Application to Total Poverty Gap
durongkaveroj, wannaphong - Volkswirtschaftliche Fakultät, … - 2014
The purpose of this study was to present an application of SAM multiplier to Total Poverty Gap using simulation and …
Persistent link: https://www.econbiz.de/10011110776
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Keynes’s employment function and the gratuitous Phillips curve disaster
Kakarot-Handtke, Egmont - Volkswirtschaftliche Fakultät, … - 2012
Keynes had a lot of plausible things to say about unemployment and its causes. His ‘mercurial mind’, though, relied on intuition which means that he could not prove his diverse opinions convincingly. This explains why Keynes’s ideas immediately invited bastardizations. One of them, the...
Persistent link: https://www.econbiz.de/10011257999
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The Truly General Theory of Employment: How Keynes Could Have Succeeded
Kakarot-Handtke, Egmont - Volkswirtschaftliche Fakultät, … - 2014
There is not much use to attack standard economics because deep in his heart the representative economist long knows that he is tied to a degenerating research program. The problem is, rather, that it seems to be exceedingly difficult to build up a convincing alternative. Keynes, for one, tried...
Persistent link: https://www.econbiz.de/10011259647
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The economic impacts of air transport liberalization
Grancay, Martin - Volkswirtschaftliche Fakultät, … - 2009
liberalization multiplier, market saturation and the degree of liberalization of other sectors. Airlines profit from increased …
Persistent link: https://www.econbiz.de/10005078688
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Econometric Models of Relationship among Money, Output and Prices
Das, Rituparna - Volkswirtschaftliche Fakultät, … - 2010
This paper discusses the econometric models and tools like Granger causality and VAR discussed in ascertaining the relationship between money, output and prices. It found that Jha et al (2002) and Ahmed (2003) employed a VAR model accompanied by ECM and Johansen-Juselius procedure; others like...
Persistent link: https://www.econbiz.de/10008595617
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Determination of Money Supply in India: The Great Debate
Das, Rituparna - Volkswirtschaftliche Fakultät, … - 2010
structural approach and money multiplier approach; the former focused on individual items in the balance sheet of the … stock and reserve money; the money multiplier approach emerged strongly as a critic to the balance sheet approach; between … believed in the money multiplier theory, the other group of RBI economists, who were not accepting this theory; the debate gave …
Persistent link: https://www.econbiz.de/10008595621
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Cognitive Load and Strategic Sophistication
Allred, Sarah; Duffy, Sean; Smith, John - Volkswirtschaftliche Fakultät, … - 2013
We study the relationship between the cognitive load manipulation and strategic sophistication. The cognitive load manipulation is designed to reduce the subject's cognitive resources which are available for deliberation on a choice. In our experiment, subjects are placed under a large cognitive...
Persistent link: https://www.econbiz.de/10011107297
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Cognitive load and strategic sophistication
Allred, Sarah; Duffy, Sean; Smith, John - Volkswirtschaftliche Fakultät, … - 2014
We study the relationship between the cognitive load manipulation and strategic sophistication. The cognitive load manipulation is designed to reduce the subject's cognitive resources that are available for deliberation on a choice. In our experiment, subjects are placed under a high cognitive...
Persistent link: https://www.econbiz.de/10011107460