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We develop a macroeconomic agent-based model to study the role of demand and supply factors in determining inflation dynamics. Local interactions of heterogeneous firms and households in the labor and goods markets characterize the model. Asymmetric information implies that firm selection is...
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We use China's growth experience as a laboratory to study how reductions in entry barrier contribute to economic growth by inducing a more competitive market structure. The removal of entry restrictions on private firms in the late 1990s and early 2000s made the Chinese economy more competitive...
Persistent link: https://www.econbiz.de/10014314301
We propose a theory of how market power affects wage inequality. We ask how goods and labor market power jointly affect …
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This paper studies cross-border intellectual property rights (IPR) as a North-South contract using a Nash bargaining … effective in preventing contract violation up to a critical level of absorptive capacity. We relate this to the US Trade … from, continue to remain on the list. -- Intellectual Property Rights ; TRIPS ; Nash Bargaining ; Contract …
Persistent link: https://www.econbiz.de/10009535536
. By exploiting the real-option approach, we examine how the inability to force sellers to meet the contract time … when the contract does not provide for any compensation for late-delivery. -- Public Procurement ; Fixed-Price Contracts …
Persistent link: https://www.econbiz.de/10009565538
winning more than one contract, whereas other bidders have increasing average cost functions. The combinatorial bidding …
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