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Risk Preferences Beyond Expected Utility Theory: Theoretical and Experimental Approaches
R?ger, Maximilian - 2011
preferences beyond the classical concept of expected utility theory. The thesis contains four main chapters.The first two chapters … dependence compared to classical models of expected utility theory. It is shown that some empirical puzzles concerning … utility theory are met. It is shown that the methodological concerns are empirically relevant when a classification of …
Persistent link: https://www.econbiz.de/10009482308
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Marginal Intra-Industry Trade and Adjustment Costs in the Hungarian Food Industry
Ferto, Imre - 2006
Recent developments in intra-industry trade (IIT) literature focus on the relationships between IIT and adjustment costs associated with changes in trade pattern. The effects of trade liberalisation depend, inter alia, on whether trade is of an inter-industry or intra-industry nature. The belief...
Persistent link: https://www.econbiz.de/10009442455
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Effective Labor Regulation and Microeconomic Flexibility
Caballero, Ricardo J.; Cowan, Devin N.; Engel, Eduardo … - 2004
Microeconomic flexibility, by facilitating the process of creative-destruction, is at the core of economic growth in modern market economies. The main reason for why this process is not infinitely fast is the presence of adjustment costs, some of them technological, others institutional. Chief...
Persistent link: https://www.econbiz.de/10009444166
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Dynamic adjustments in the Dutch greenhouse sector due to environmental regulations
Verreth, Daphne M.I.; Emvalomatis, Grigorios; Bunte, … - 2011
Horticultural firms are dependent on energy to produce, while policy makers focus on reducingthe use of energy and investment in energy-saving technologies. The paper aimed to assesDutch greenhouse farmers‘ responses to policies that would affect prices of different energyinputs. The...
Persistent link: https://www.econbiz.de/10009445192
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Trade Liberalisation with Costly Adjustment
Forteza, Alvaro; Patron, Rossana - 2003
The paper analyses the efficiency and the distributional effects of eliminating a tariff in a protected sector, in a Heckscher-Ohlin model of trade with costs of adjustment. The tariff can be eliminated at the onset or after a while. In case of postponing it the government may pre-announce the...
Persistent link: https://www.econbiz.de/10009445704
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Agricultural Arbitrage, Adjustment Costs, and the Intensive Margin
Tack, Jesse B.; LaFrance, Jeffrey T. - 2010
Farmland and capital are an important and rapidly expanding component of the agriculturaleconomy, and empirical evidence suggests that these assets are quasi-fixed in that adjustment costs are incurred when holdings are altered. Increased interest in the rate of return for investing in farmland...
Persistent link: https://www.econbiz.de/10009446523
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Does a Soft Macroeconomic Environment Induce Restructuring on the Microeconomic Level during the Transition Period? Evidence from Investment Behavior of Czech Enterprises
Lizal, Lubomir - 1999
The paper analyzes investment behavior of industrial enterprises in the period immediately following price and foreign trade liberalization in the Czech Republic. It also focuses on the effect of "soft" macroeconomic environment on the microeconomic decisions. A dynamic investment function with...
Persistent link: https://www.econbiz.de/10009476702
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Do Labor Market Rigidities have Microeconomic Effects? Evidence from Within the Firm
Lafontaine, Francine - 2007
We investigate the microeconomic effects of labor regulations that protect employment and are expected to increase rigidity in labor markets. We exploit a unique outlet-level dataset obtained from a multinational food chain operating 2,525 similar retail outlets in 43 countries outside the...
Persistent link: https://www.econbiz.de/10009476940
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Job Security Does Affect Economic Efficiency: Theory, A New Statistic, and Evidence from Chile
Petrin, Amil; Sivadasan, Jagadeesh - 2006
dynamic theory of plant-level labor demand that we develop. This model speaks clearly on one issue: firing costs drive a wedge …
Persistent link: https://www.econbiz.de/10009477270
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The Microeconomic Implications of Input Market Regulations: Cross-Country Evidence from Within the Firm
Lafontaine, Francine; Sivadasan, Jagadeesh - 2007
We investigate the microeconomic effects of labor regulations that protect employment and are expected to increase rigidity in labor markets. We exploit a unique outlet-level dataset obtained from a multinational food chain operating about 2,840 retail outlets in 43 countries outside the United...
Persistent link: https://www.econbiz.de/10009477273