The government’s main objective in developing better regulation and policy is to reduce the regulatory burden on small businesses, particularly those which act as a barrier to start-up and growth, and improve the ability of small businesses to sell to the public sector.The purpose of this...

How can high rates of attrition persist in a specific IT-hub for years, and how do transnationallyoperating companies with different institutional backgrounds cope with this challengeorganisationally? The present paper addresses this question by presenting first results of acurrent SOFI-project...

The paper is the first analysis of the competitiveness of Russian enterprises from the perspective of value chains, with a focus on the example of tube & pipe and furniture producers. In both industries, Russian firms enjoy an advantage on the raw material side. Nevertheless, the overall...

Since the early 1990s, the Korean economy has undergone a transition from the state-led toward the market-led development. Structural reforms were required to make the transition smooth and successful. The government has, however, failed to accomplish much, due partly to the policy-makers’...

Agent-based Computational Economics (ACE) is the computational study of economic processesmodeled as dynamic systems of interacting agents. This essay discusses the potentialuse of ACE modeling tools for the study of macroeconomic systems. Points are illustratedusing an ACE model of a two-sector...

This study explores the use of the agent based computational economics (ACE) technique to address the question of how a Treasury should auction its securities. In particular, this study explores whether a Treasury should use a discriminatory-price rule. Buyers are modeled as profit seekers that...

This paper takes a discrete-time adaptation of the continuous−time matching economy described in Pissarides (1990, 2000), and computes the solution to the dynamic planning problem. The solution is shown to be completely characterized by a first−order, non−linear map. We show that the map...

In this paper, we investigate the long-run effects of World War II on socio-economic status(SES) and health of older individuals in Europe. Physical and psychological childhood eventsare important predictors for labor market and health outcomes in adult life, but studies thatquantify these...

[...]In this article, we describe and give an updated analysis ofour approach to estimating the cost of equity capital used bythe Federal Reserve System. The article is structured as follows.We begin with a review of the basic valuation models used toestimate the cost of equity capital. In...

[...]This paper surveys the research on boards of directors in theeconomics and finance literature. Boards of directors are aneconomic institution that, in theory, helps to solve the agencyproblems inherent in managing an organization. Althoughboards satisfy numerous regulatory requirements,...