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, which are charged according to the time spent in a museum. This scheme has a number of notable advantages, in particular the …
Persistent link: https://www.econbiz.de/10003997593
The object of this paper is to discuss on-line intermediation from the perspective of two-sided markets. It builds a simple model of the intermediation activity when trading partners are involved in a commercial relationship and uses it to illustrate some of the results that emerge in the...
Persistent link: https://www.econbiz.de/10002521690
Persistent link: https://www.econbiz.de/10003712514
This paper examines how product market competition affects firms' timing of adopting a new technology as well as whether the market provides sufficient adoption incentives. It shows that adoption dates differ not only among symmetric firms but also among markets with Cournot and Bertrand...
Persistent link: https://www.econbiz.de/10003854416
In a continuous-time framework we study the technology and investment choice problem of a continuous co …
Persistent link: https://www.econbiz.de/10003872196
Persistent link: https://www.econbiz.de/10003597973
In this paper we apply a real-option model to study the effects of tax rate uncertainty on a firm's decisions. In doing so, we depart from the relevant literature, which focuses on fully equity-financed investment project. By letting a representative firm borrow optimally, we show that debt...
Persistent link: https://www.econbiz.de/10003965108
countries (Home and Foreign) which are located in different time zones, we highlight the impact of trade in labor services (via … the shift-working commodity is held by pairs of countries in different time zones and connected through a good … vice versa. Thus, periodic trade in labor services occurs across countries. -- shiftworking ; time zones ; trade in labor …
Persistent link: https://www.econbiz.de/10009261855
This paper considers the problems facing decision-makers using econometric models in real time. It identifies the key …
Persistent link: https://www.econbiz.de/10011402465
This article discusses the effects of taxation on the discrete choice of alternative projects. In particular, it is shown that if taxation affects the optimal timing of irreversible investment, then the discrete choice is distorted as well. This result has both methodological and political...
Persistent link: https://www.econbiz.de/10011409961