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A "folk theorem" originating, among others, in the work of Stiglitz maintains that competitive equilibria area always or "generically" inefficient (unless contracts directly specify consumption levels as in Prescott and Townsend, thus bypassing trading in anonymous markets). This paper...
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Dieses aktuelle Lehrbuch der Volkswirtschaftslehre, das mit vielen aktuellen Fallstudien punktet und Studierende nicht nur in die klassischen Theorien der Marktmechanismen einführt, sondern auch mit neuen Konzepten und Ansätzen, wie z.B. der Spieltheorie, vertraut macht, darf in keinem gut...
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"Forcourses in the principles of microeconomics. Anevidence-based approach to economics Throughout Microeconomics, 3rd …-Based Economics feature. As a result of thetexts practical emphasis, students learn to apply economic principles to guidethe decisions …"Many students who take introductory economics courses have difficulty seeing the relevance of the key concepts of …
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We develop a tractable framework for the analysis of the relationship between contractual incompleteness, technological complementarities, and technology adoption. In our model a firm chooses its technology and investment levels in contractible activities by suppliers of intermediate inputs....
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We develop a tractable framework for the analysis of the relationship between contractual incompleteness, technological complementarities, and technology adoption. In our model a firm chooses its technology and investment levels in contractible activities by suppliers of intermediate inputs....
Persistent link: https://www.econbiz.de/10012467327