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The paper analyzes investment behavior of industrial enterprises in the period immediately following price and foreign … microeconomic decisions. A dynamic investment function with symmetric adjustment cost function based on the Euler equation has been … estimated. The derived and estimated investment function accounts for export sales in order to determine whether firms evaluate …
Persistent link: https://www.econbiz.de/10009476702
the determinants of telecommunications investments and presents two possible solutions to the investment problem. The …
Persistent link: https://www.econbiz.de/10009451158
Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply …
Persistent link: https://www.econbiz.de/10009432547
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
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
investment in energy-saving technologies. The paper aimed to assesDutch greenhouse farmers‘ responses to policies that would …
Persistent link: https://www.econbiz.de/10009445192
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
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
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
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