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microeconomic theory to these fundamental questions about resource management practises 'before the fall'. The essential argument is …
Persistent link: https://www.econbiz.de/10009468425
"The Tiebout model is one of our most important theories of local government. It is also one of the most controversial. Current debate over the Tiebout model revolves around the apparent disparity between results of macro- and micro-level empirical studies. While macro-level evidence shows...
Persistent link: https://www.econbiz.de/10009468351
"Contrary to most economic theory, consumers are not always easily distinguished from producers, particularly in the …
Persistent link: https://www.econbiz.de/10009468492
aspectsof economic theory in recent information systems research, leading toresults that have appeared in a wide variety of … theory are represented: information economics,production economics, economic models of organizational performance …,industrial organization, institutional economics (agency theory andtransaction cost theory), and macroeconomic studies of IT impact. Foreach …
Persistent link: https://www.econbiz.de/10009435059
The central motivation for assembling the contributions in this Handbook on the Knowledge Economy derives from the observation that many in government and business seem to have taken up the challenge of putting in place whatever is needed for a knowledge-based economy or a knowledge-based...
Persistent link: https://www.econbiz.de/10009437634
Hamilton (2001) makes a number of comments on our paper (Harding and Pagan, 2002b). The objectives of this rejoinder are, firstly, to note the areas in which we agree; secondly, to define with greater clarity the areas in which we disagree; and, thirdly, to point to other papers, including a longer...
Persistent link: https://www.econbiz.de/10009438333
There are many situations in which individuals have a choice of whether or not to observe the eventual outcome. In these instances, individuals often prefer to avoid observing the outcome. The standard von Neumann-Morgenstern (vNM) Expected Utility model cannot accommodate these cases, since it...
Persistent link: https://www.econbiz.de/10009438428
parameter richer than that model. We use our decision model to provide an expressive theory of voting. …
Persistent link: https://www.econbiz.de/10009438432
--because venture capitalists raise funds before they enter the market--, fits well with recent Monetary Search Theory. The models here … provide contributions and extensions of Search Theory more generally. Essay 1--"The Market for Ideas"--studies technology …
Persistent link: https://www.econbiz.de/10009438446
The dissertation consists of four chapters. The first chapter presents a model that incorporates product market competition into the standard neoclassical framework. The model explains why value-maximizing firms conduct mergers that appear to lower shareholder value. In a Cournot setting, the...
Persistent link: https://www.econbiz.de/10009438450