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Playing to your strength or overcoming your weakness: the role of effort substitutability in skill formation

Liu, Liqun - In: Economics Bulletin 34 (2014) 1, pp. 99-105

This paper studies the allocation of a given time budget among a number of skill-building efforts to maximize an overall skill level. The main finding is that as an effort becomes relatively more effective, the time share of the effort should increase and the time shares of the other efforts...

Persistent link: https://www.econbiz.de/10010835942

Changes in the Characteristics and Skills of British Youth

Johnes, Geraint - In: Economics Bulletin 29 (2009) 1, pp. 368-374

Changes in the characteristics and skills of British youths between the mid-1980s and mid-2000s are evaluated using a … method recently developed by Altonji et al. The main finding is that skills have increased over time in successive cohorts of … young people. The improvement is, however, uneven, and those at the bottom end of the skills distribution have benefitted …

Persistent link: https://www.econbiz.de/10008562914

The Le Chatelier Principle in lattices

Jamison, Julian - In: Economics Bulletin 3 (2006) 2, pp. 1-9

The standard Le Chatelier Principle states that the long-run demand for a good (in which by definition there are fewer restraints on the variables) is more elastic than short-run demand. The fundamental insight above goes well beyond demand theory, and proofs of this basic idea have been found...

Persistent link: https://www.econbiz.de/10005416905

Reexamination of the A-J effect

Caputo, Michael R.; Partovi, M. Hossein - In: Economics Bulletin 12 (2002) 10, pp. 1-9

We establish four necessary and sufficient conditions for the existence of the Averch-Johnson effect in a generalized version of their famous model of the rate-of-return regulated firm. The four necessary and sufficient conditions are then compared to the two stronger sufficient conditions for...

Persistent link: https://www.econbiz.de/10005416932

A Note on Gibrat's Law, Gibrat''s Legacy and Firm Growth: Evidence from Brazilian Companies

Esteves, Luiz A. - In: Economics Bulletin 12 (2007) 19, pp. 1-7

The aim of this work is to test the Gibrat's Law hypothesis for Brazilian firms. Gibrat''s Law establishes that firm growth is a random walk, it means that the probability of a given proportionale change in size during a specified period is the same for all firms in a given industry. This work...

Persistent link: https://www.econbiz.de/10005416937

The mechanism of the power shortage in China: capacity shortage or capacity underutilisation?

Zhang, Liang; Ruan, Jian; Ding, Jianhua - In: Economics Bulletin 33 (2013) 4, pp. 3050-3058

This paper investigates the mechanism of the power shortage in China by estimating the capacity expansion and capacity utilisation behaviour of the power firms. The theoretical and empirical evidence is presented to show that the state planner deals with the â€˜coal-electricity' conflict by...

Persistent link: https://www.econbiz.de/10011165899

A framework for non-drastic innovation with product differentiation

Jackson, Jeremy Jay; Smith, Jason - In: Economics Bulletin 35 (2015) 1, pp. 259-269

We model non-drastic technological innovation in a duopoly model with differentiated products. We derive profit functions for both firms which depend on only one variable, the technological gap. As our model derives product demands directly from agent utility we are able to fully describe the...

Persistent link: https://www.econbiz.de/10011199631

"Unilateral" technology licensing from an entrant to incumbent monopolist

Sen, Neelanjan - In: Economics Bulletin 34 (2014) 2, pp. 1028-1037

An incumbent monopolist, tries to deter entry and thus never licenses its technology to any potential entrant. This paper, however shows that the monopolist may license in the technology of the entrant that remains out of the market in the pre-licensing stage. Post-licensing, the entrant...

Persistent link: https://www.econbiz.de/10010770407

Strategic Outsourcing with Technology Transfer under Cournot Competition

Kabiraj, Tarun; Sinha, Uday Bhanu - In: Economics Bulletin 34 (2014) 2, pp. 1133-1140

This paper seeks to show that even though a product market competitor holds the least cost input production technology, it may outsource its input production to an independent input producer and buy inputs from the firm at a higher price instead of producing inputs in-house for itself....

Persistent link: https://www.econbiz.de/10010776441

A note on the neutrality of profit taxes with tax evasion and tax avoidance

Huang, Che-chiang; Kuo, Horn-in - In: Economics Bulletin 34 (2014) 3, pp. 2038-2043

Traditional literature exploring the relationship between production and tax evasion ignores the impact of other activities on these two decisions. This paper incorporates firms' tax avoidance activities into the model of tax evasion. In contrast to conventional results, we find that profit tax...

Persistent link: https://www.econbiz.de/10011039043