Showing 1 - 10 of 313
examines the impact of profit uncertainty and sunk costs on firms’ entry and exit decisions. For our empirical analysis, we … sunk capital costs and profit uncertainty, among others. Our dynamic panel data estimates show that greater uncertainty … uncertainty in conjunction with sunk costs fundamentally affecting firms’ decision-making and altering the structure of industries …
Persistent link: https://www.econbiz.de/10005260323
Behavioural Economics’ milestones, Endowment Effect and Loss Aversion, have been recognized as ‘well documented,’ ‘robust,’ and ‘important’ even by the critics. But well documented, robust, and important what? Are these stylized facts, theoretical constructs, or psychological...
Persistent link: https://www.econbiz.de/10005790389
The aim of this paper is to provide clues to industry and academia on how best to approach the challenge of developing a sustainable supply chain. A case study was undertaken of the Westpac Banking Corporation—one of the world’s most socially responsible banks—to examine how they...
Persistent link: https://www.econbiz.de/10011260624
The excess liquidity of commercial banks is very often mentioned in the CEMAC as one of the limits of monetary policy implementation by BEAC. In this paper, we tried to address excess reserves in the CEMAC banking system looking from the point of view of commercial banks. Indeed, commercial...
Persistent link: https://www.econbiz.de/10011259231
This paper presents the dynamic behavior of a hybrid system comprising Fuzzy Cognitive Maps and Genetic Algorithms, and focuses on the behavior observed when the system reaches equilibrium at fixed points or limit cycle. More specifically, the present works examines the theoretical background of...
Persistent link: https://www.econbiz.de/10011109720
levels of technical and market uncertainty. This paper applies a new experimental method based on “discrete choice analysis … information acceleration reduces the levels of uncertainty and generates a more accurate rationale for IS service strategy …
Persistent link: https://www.econbiz.de/10011260273
-probabilistic, information gap uncertainty exists in the security markets, as the bivariate "Galton's Error" and its concomitant information gap … beta axes, implying that a particular mean security return corresponds with a limited Knightian uncertainty range of betas … uncertain and that a Knightian uncertainty range of SMLs and of fair pricing exists. This paper both updates the empirical …
Persistent link: https://www.econbiz.de/10005260204
While Environmental Management Systems Standards (EMSS) have been advocated by policy makers and consultants on the basis of a number of benefits associated with their implementation some companies are reluctant to implement them. This paper tests four hypotheses with regard to the significance...
Persistent link: https://www.econbiz.de/10009322657
The study here reviews the institutional structure of the Sudanese government. Truly, though it is stigmatized as totalitarian, the structure is phenotypically perfect. Ministry of Ministries council is supposed to cater for analyzing data concerning ministries performance, drawing strategic...
Persistent link: https://www.econbiz.de/10009359954
This paper extends the notion of the rational agent in economics by acknowledging the role of the unconscious in the agent's decision-making process. It argues that the unconscious can be modelled by a rational agent with his own objective function and set of information. The combination of both...
Persistent link: https://www.econbiz.de/10010667914