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Research and Productivity.
Jovanovic, B.; Nyarko, Y. - C.V. Starr Center for Applied Economics, Department of … - 1996
We model research as a signal on an unknown parameter of a technology.
Persistent link: https://www.econbiz.de/10005605590
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UNDERSTANDING THE DETERMINANTS OF ICTS DIFFUSSION IN ECOWAS
NWAOBI, GODWIN CHUKWUDUM - EconWPA - 2004
The Information and Communication technology(ICT) environment in the economic community of west african states(ECOWAS) has changed sufficiently to warrant re-conceptualization of the earlier initiatives. Notably, many new technologies have emerged, especially in the area of wireless...
Persistent link: https://www.econbiz.de/10005118855
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Firm Dynamics and Productivity Growth: A Review of Micro Evidence from OECD Countries
Ahn, Sanghoon - Economics Department, Organisation de Coopération et … - 2001
This paper surveys recent empirical studies exploring aggregate productivity growth based on firm dynamics, focusing on … micro-data from OECD countries. Aggregate productivity growth can be analysed as a sum of two separate processes. <I …>i</I>) Changes in productivity in individual firms at a given size (relative to market). And, <I>ii</I>) a reallocation process due …
Persistent link: https://www.econbiz.de/10005045691
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An Unbiased Pareto Improvement strategy for poverty alleviation
Zaman, Md Monowaruz - Volkswirtschaftliche Fakultät, … - 2010
There are historical and institutional reasons behind our economic problems like poverty and environmental damage but it is not acceptable if they persist in years to come. The strategic use of information by individual economic agents establishes a biasing effect on our economy. In case of...
Persistent link: https://www.econbiz.de/10008784638
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Optimal Bunching without Optimal Control
Nöldeke, Georg; Samuelson, Larry - Wirtschaftswissenschaftliches Zentrum, Universität Basel - 2006
This paper presents simple su±cient conditions under which optimal bunches inadverse-selection principal-agent problems can be characterized without using optimal controltheory.
Persistent link: https://www.econbiz.de/10009025022
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Market Organisation.
Weisbuch, G.; Kirman, A.P.; Herreiner, D. - Groupement de Recherche en Économie Quantitative … - 1996
In real markets, price adjustment and the matching of buyers and sellers involve considerable exchange of information. Previous experience is also important in partner selection and in the decision to accept a transaction. The dynamic processes involved can be described in terms taken from...
Persistent link: https://www.econbiz.de/10005634425
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What if Hayek goes shopping in the bazaar?
Lamieri, Marco; Bertacchini, Enrico - Volkswirtschaftliche Fakultät, … - 2006
The paper presents a comparative analysis of the peculiar institutional features of two retail markets: the middle eastern Bazaar and the western Mall (shopping center). We study the informational functions and performance of the different market institutions using an Agent Based Computational...
Persistent link: https://www.econbiz.de/10005789361
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The economy as an evolving network
Kirman, Alan - In: Journal of Evolutionary Economics 7 (1997) 4, pp. 339-353
The purpose of this paper is to suggest a view of the economy as a network of links between the individuals involved. One approach is to consider the structure of links as fixed as is the case with spatial models in which agents are situated on a lattice, another is to regard all links as...
Persistent link: https://www.econbiz.de/10005396106
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Costly bargaining and renegotiation
Anderlini, Luca; Felli, Leonardo - London School of Economics (LSE) - 1998
We identify the inefficiencies that arise when negotiation between two parties takes place in the presence of transaction costs. First, for some values of these costs it is efficient to reach an agreement but the unique equilibrium outcome is one in which agreement is never reached. Secondly,...
Persistent link: https://www.econbiz.de/10010928645
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Costly Coasian Contracts
Anderlini, Luca; Felli, Leonardo - EconWPA - 1996
We identify and investigate the basic `hold-up' problem which arises whenever each party to a contingent contract has to pay some ex-ante cost for the contract to become feasible. We then proceed to show that, under plausible circumstances, a `contractual solution' to this hold-up problem is not...
Persistent link: https://www.econbiz.de/10005062341