Showing 1 - 10 of 118
I present and solve the problem of a producer who faces costs of acquiring, absorbing, and processing information. I establish a series of theoretical results describing the producer's behaviour. First, I find the conditions under which she prefers to set a plan for the price she charges, or...
Persistent link: https://www.econbiz.de/10005504647
Monetary policy affects both real variables, such as employment, unemployment and output and nominal variables such as nominal interest and inflation rates. For close to a decade the principal focus of monetary policy has been on inflation. During a recession, or when one appears imminent, the...
Persistent link: https://www.econbiz.de/10004971339
and production decisions. We show how this methodology can be used to determine an optimal sequence of price …. We compare and contrast the high-low model with the conventional microeconomic model of pricing and production. We show … how the firm uses its pricing and production decisions to partition the uncertainty interval it faces and thereby …
Persistent link: https://www.econbiz.de/10005656333
contribution of the new, private firms in the Czech Republic to find that production and employment in the clothing industry …
Persistent link: https://www.econbiz.de/10005136480
There are few studies on occupational choices in Germany, and second-generation occupational choice and mobility is even less investigated. Such research is important because occupations determine success in the labour market. In a country like Germany occupations also reflect a general...
Persistent link: https://www.econbiz.de/10005504309
The speed at which immigrants assimilate is the subject of debate. Human capital formation plays a major role in this discussion. This paper compares the educational attainment of second generation immigrants to those of natives in the same age cohort. Evidence using a large German data set...
Persistent link: https://www.econbiz.de/10005504310
We introduce the idea that informational cascades can explain the observed regularity that emigrants from the same locations also tend to choose the same foreign locations. Thus informational cascades generates herd behaviour. Herd behaviour is compared with the network externalities explanation...
Persistent link: https://www.econbiz.de/10005504318
is on the wage pressure that the threat of migration from East to West is likely to impose. The paper adopts a Ramsey … the East. All these effects are reduced by the migration-induced wage pressure as less capital is accumulated in the East …
Persistent link: https://www.econbiz.de/10005504320
The literature, starting with Chiswick (1977, 1978) to Gang and Zimmermann (2000) more recently, focuses on the economic achievements and performance of first- and second-generation migrants. This Paper presents a three-generation migrant analysis, comparing relative economic performance of...
Persistent link: https://www.econbiz.de/10005504358
Despite their small number, Israeli economists have become an important fixture in the international academic scene. In recent years, this phenomenon has been characterized by an additional attribute: the number of Israelis who have chosen to leave the country’s universities - or not to return...
Persistent link: https://www.econbiz.de/10005497751