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Middle Men Versus Market Makers: A Theory of Competitive Exchange

Rust, John; Hall, George - Cowles Foundation for Research in Economics, Yale University - 2001

What determines how trade in a commodity is divided between privately negotiated transactions via "middle men" (dealer … include a fourth type of agent, market makers. The result is a model where market microstructure -- the division of trade … observable bid and ask prices. In our model buyers and sellers can either trade with the market maker at the publicly posted bid …

Persistent link: https://www.econbiz.de/10005593414

Efektywnosc instytucjonalna krajow Unii Europejskiej w kontekscie globalnej gospodarki opartej na wiedzy

Balcerzak, Adam P.; Pietrzak, Michal Bernard - 2014

The article is devoted to measuring the effectiveness of institutional systems of European Union countries in terms of their relevance to the requirements of the global knowledge-based economy. The theoretical analysis is based on the framework of new institutional economics with special...

Persistent link: https://www.econbiz.de/10012232245

Czy Projektując Strategię Rozwoju Możemy Pominąć Czynniki Społeczne I Polityczne? O Roli Nieformalnych Ograniczeń (Can Political and Social Factors Be Omitted While Designing a Dev...

Grodzicki, Maciej J. - 2014

Polish Abstract: W tekście postawiono pytanie o rolę, jaką pełnią ograniczenia nieformalne w życiu społeczno-gospodarczym i o naturę ich wpływu na skuteczność instytucji formalnych. Odpowiedź na nie wskaże nam odpowiednie podejście do budowy strategii rozwoju, w szczególności to,...

Persistent link: https://www.econbiz.de/10013048082

Działania Promocyjne W Jednostce Wojskowej (Promotional Activities in the Military Unit)

Knecht, Zdzisław; Szumski, Paweł; Kowal, Jolanta - 2019

tasks that will provide better cooperation between the military unit and business environment. The authors point to the …

Persistent link: https://www.econbiz.de/10014103105

AN HISTORICAL REVIEW AND ANALYSIS OF COLOMBIAN GUERRILLA MOVEMENTS

Offstein, Norman - UNIVERSIDAD DE LOS ANDES-CEDE - 2002

Colombian guerrilla movements have increasingly been associated with illicit activity and terror. This paper is divided into two main sections. The first traces the roots of the movements and describes how traditional Marxist-style guerrilla groups became more associated with crime and...

Persistent link: https://www.econbiz.de/10005597271