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production among countries since the value-added created by trade is forecasted based on a sound theory of production. This makes …
Persistent link: https://www.econbiz.de/10009451196
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
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
auf Solarenergie, Symbiose und Resilienz, um eine Auswahl zu nennen. In der Gaia-Theorie zeigt sich darüber hinaus, wie … ökonomische System betreffen. Die ökonomische Theorie, insbesondere verkörpert in der Umwelt- und Ressourcenökonomik und in der … environment,. These patterns are described and analysed by ecosystem theory. Criteria are material cycles, growing diversity in …
Persistent link: https://www.econbiz.de/10009467499
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
Empirically, the conditional volatility of aggregate consumption growth varies over time. While many papers test the consumption CAPM based on realized consumption growth, little is known about how the time-variation of consumption growth volatility affects asset prices. We show that in a model...
Persistent link: https://www.econbiz.de/10009440955
A firm seeks to raise capital in credit markets to fund risky operating activities. The firm has private information about the future cash flows from such activities. Firm owners delegate operating decisions to a manager who privately learns further information about the distribution of those...
Persistent link: https://www.econbiz.de/10009440956