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Ken Arrow (1998) asks, “What has economics to say about racial discrimination?” He replies – entirely correctly – that racial “segregation within an industry – that is, firms with either all black or all white labor forces” – may be explained by economic theory, but “the...
Persistent link: https://www.econbiz.de/10011260187
Kovenock and Roberson’s (2012ab) replication of Hausken’s (2008a) equations and parameter restrictions do not enhance our insight into the defense and attack of reliability systems. This reply intends to fill the remaining understanding gaps.
Persistent link: https://www.econbiz.de/10009647311
Kovenock and Roberson’s (2010) paper has the potential to advance the research frontier, but has deficiencies. This paper suggests how Kovenock and Roberson’s (2010) paper can be developed into a more substantial paper. Kovenock and Roberson’s (2010) paper consists of three sections. The...
Persistent link: https://www.econbiz.de/10008674264
Scholars and policymakers have devoted much attention to issues of third party intervention in conflict. The present … paper considers a conflict that draws two countervailing outside interveners. As in the realist perspective, the outside … escalatory conflict intervention. The paper also studies conditions required for the United Nations, or some such supra …
Persistent link: https://www.econbiz.de/10011109775
In this paper, we continue to explore the equilibrium theory under ambiguity. For a model of a pure exchange and asymmetric information economy with a measure space of agents whose exogenous uncertainty is described by a complete probability space, we establish a representation theorem for a...
Persistent link: https://www.econbiz.de/10011210851
The question: “How much of biological evolution based theories, as they are understood presently, apply to human behaviour?” is highly controversial and perhaps highly politicized as well. The inference that human beings are evolutionarily programmed to have urges toward aggression, rape,...
Persistent link: https://www.econbiz.de/10011258986
We study a Bertrand game where two sellers supplying products of different and unverifiable qualities can outwit potential clients through their (costly) deceptive advertising. We characterize a class of pooling equilibria where sellers post the same price regardless of their quality and low...
Persistent link: https://www.econbiz.de/10011259275
In a dynamic model of optimal security design, we show when firms should preserve "equity capacity" through choosing high target leverage or "debt capacity" through choosing low target leverage. Thereby, firms reduce a problem of underinvestment or overinvestment when they must raise future...
Persistent link: https://www.econbiz.de/10011259963
The role of small and medium enterprises (SMEs) in the fight against unemployment and economic activity stimulation is well established. Until today and due to lack of funding, Cameroon suffers of an unsustainable private sector constituted by SMEs at more than 90%; A situation which tends to...
Persistent link: https://www.econbiz.de/10011260130
Pay What You Want (PWYW) pricing has received considerable attention recently. Empirical studies show that a PWYW pricing mechanism is able to increase a seller’s turnover and profit. This paper addresses PWYW pricing for bundles of experience goods. The paper shows that a PWYW pricing...
Persistent link: https://www.econbiz.de/10011260433