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test an idea from relational contracting theory that informal relationships can substitute for formal enforcement through …
Persistent link: https://www.econbiz.de/10009450943
Focusing on the interaction between national brands and private labels, this paper has two main empirical contributions: i) a simultaneous system of demand (share), price and expenditure equations is estimated, and ii) differences in the structure of the local geographic market are incorporated...
Persistent link: https://www.econbiz.de/10009442577
Prices for nearly all basic commodity rose at unprecedented rates throughout early 2008, only to fall nearly as fast as financial markets and global economies began to collapse. Rising food prices in 2008 led to concerns that commodity price spikes would lead to more general food inflation, but...
Persistent link: https://www.econbiz.de/10009446101
Statistical Activity Cost Theory (SACT) is an axiomatic and statistical theory of basic accounting measurement practice … techniques to such an analysis. This thesis, therefore, moves to extend the basic theory that has already been developed …
Persistent link: https://www.econbiz.de/10009437995
The objective of this paper is to construct a framework for analyzing trade-offs between economic performance and environmental pressure at firm level. Based on a literature review, partially conflicting economic-environmental trade-off paradigms are structured and five necessary conditions for...
Persistent link: https://www.econbiz.de/10009444853
analysis of production under uncertainty. Interest in the foundations of the theory of choice under uncertainty was stimulated … by applications of expected utility theory such as the Sandmo model of production under uncertainty. This interest led to … the development of generalized models including rank-dependent expected utility theory. In turn, the development of …
Persistent link: https://www.econbiz.de/10009447884
We estimate the elasticity of substitution using two different production functions. The usual Constant Elasticity of Substitution (CES) production function and a Box-Cox production function for Japan (1890-1991), UK (1870-1991), and US (1890-1992; 1929-2000). The main results are that we find the...
Persistent link: https://www.econbiz.de/10009431206
ökonomischen wie auch nicht-ökonomischen Modelle wird die mikroökonomische Theorie der Insitutionenökonomik, hier insbesondere des … surveying the transaction cost theory.// With alteration of mass production of standardised products into assembly of highly …
Persistent link: https://www.econbiz.de/10009467182
This dissertation empirically studies demand complementarities in automobile purchases using newly collected Japanese household-level panel data, Keio Household Panel Survey. It is motivated by the observation that approximately one third of Japanese households own more than one automobile and...
Persistent link: https://www.econbiz.de/10009438767
I provide new evidence on the failure of the Q-theory. The Q-theory implies the state-by-state equivalence of stock and … the Q-theory. This paper also proposes a rational explanation for this finding. A general equilibrium model with … interpreted as evidence for irrational markets since it cannot be reconciled with the Q-theory of investment. …
Persistent link: https://www.econbiz.de/10009440954