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strategic complements thatrespond positively to the existing heterogeneity of consumers' tastes.While this is a common source …
Persistent link: https://www.econbiz.de/10009435108
This paper provides an explanation for an important institutional feature of staggered time-dependent adjustment rules assumed in a number of macroeconomic models. It identifies strategic complementarity as the crucial factor leading to nonsynchronized decisions in a game-theoretic framework....
Persistent link: https://www.econbiz.de/10009471400
We present a model of neighborhood effects in wage payment delays. Positive feedback arises because each employer’s arrears affect the late payment costs faced by other firms in the same local labor market, resulting in a strategic complementarity in the practice. The model is estimated on...
Persistent link: https://www.econbiz.de/10009476703
aspects of team composition, such as homogeneity and heterogeneity in terms of resource provision and prior start … putting forward the hypotheses that team homogeneity is positively related to short term outcomes whereas team heterogeneity …
Persistent link: https://www.econbiz.de/10009437543
phenomenon’s inherent heterogeneity in research design, sampling, operationalization and analysis; i.e., strategies that may help …
Persistent link: https://www.econbiz.de/10009437544
development in entrepreneurship is the heterogeneity of the phenomenon. Business ventures are stated by individuals and teams with … strategies for dealing with the entrepreneurship phenomenon's inherent heterogeneity in research design, sampling …
Persistent link: https://www.econbiz.de/10009437622
assumptions regarding the structure of systematic risk and the nature of exposure or firm heterogeneity. We derive fat … further risk reduction is possible by changing the portfolio weights. In either case, neglecting parameter heterogeneity can … heterogeneity can lead to overestimation of risk, whether measured by unexpected loss or value-at-risk. …
Persistent link: https://www.econbiz.de/10009442011
Pigouvian taxes are typically imposed in situations where there is imperfect knowledge on the extent of damage caused by a producing firm. A regulator imposing imperfectly informed Pigouvian taxes may cause the firms that should (should not) produce to shut down (produce). In this paper we use a...
Persistent link: https://www.econbiz.de/10009443080
). From the results obtained we can conclude that attribute non-linearity and individual utility function's heterogeneity are …
Persistent link: https://www.econbiz.de/10009443187
heterogeneity and impose rigidsubstitution patterns can impair understanding of individual’s unique decision process andlead to …
Persistent link: https://www.econbiz.de/10009444614