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Optimality, Sub-optimality, Nirvana, and Transaction Costs Foraging on the Commons

Feeny, David - 1995

choice of viewpoint from which to assess outcomes, time horizon, choice of normative system, measurement properties of the …

Persistent link: https://www.econbiz.de/10009468417

Interactive expectations

Flieth, B; Foster, J - 2002

In modeling expectation formation, economic agents are usually viewed as forming expectations adaptively or in accordance with some rationality postulate. We offer an alternative nonlinear model where agents exchange their opinions and information with each other. Such a model yields multiple...

Persistent link: https://www.econbiz.de/10009447863

Equity market linkage and multinational trade accords: The case of NAFTA

Darrat, A. F.; Zhong, M. S. - 2005

This paper examines the impact of multinational trade accords on the degree of stock market linkage using NAFTA as a case study. Besides liberalizing trade among the U.S., Canada and Mexico, NAFTA has also sought to strengthen linkage among stock markets of these countries. If successful, this...

Persistent link: https://www.econbiz.de/10009447946

Aggregate pattern of time-dependent adjustment rules, II: strategic complementarity and endogenous nonsynchronization

Lau, SH - 2001

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

The interdependence of financial markets - econometric modeling and estimation

Baur, Dirk - 2003

This thesis analyses symmetric and asymmetric interdependencies of financial markets through time for returns and variances. The work contributes to the literature in several areas: Symmetric interdependencies (correlations) are examined in the first part where a new bivariate correlation...

Persistent link: https://www.econbiz.de/10009475336

Real interest rate interdependence among the G7 nations: does real interest parity hold?

Cooray, Arusha V.; Felmingham, Bruce - 2008

We evaluate the extent of real interest rate interdependence among three month treasury bill rates of the G7. Monthly … suggests a high degree of interdependence between the G7 interest rates with the degree of integration increasing over the … contenders. The high degree of interdependence between the G7 financial markets suggests that capital between the G7 is highly …

Persistent link: https://www.econbiz.de/10009457543

Practice-induced theory reduction in accounting; evolutionary biology, history and the interdisciplinary base

Aiken, M; Gowland, D - 2010

philosophical framework of accountability and standardisation of measurement. Interdisciplinary aspects of management accountability …

Persistent link: https://www.econbiz.de/10009481498

Explaining organizational investment in CRM point solutions

Freeman, Phillip; Seddon, Peter B.; Scheepers, Rens - 2007

interdependence of business units, and high business-unit differentiation. The evidence suggests that when interdependence between …

Persistent link: https://www.econbiz.de/10009483839

THREE ESSAYS ON THE CHOICE OF DECISION-MAKING STRUCTURES IN ALLIANCES AND OTHER COMBINED VENTURES AND THE PERFORMANCE IMPLICATIONS OF SUCH CHOICE AT THE DYADIC AND FIRM LEVELS

Martynov, Aleksey - 2011

underexplored question. There is no single theory that predicts what types of decision-making structures will be optimal in … second essay considers the implication of interdependence between the collaborating firms and the internal complexity of the … interdependence and significant internal complexity of the partners can reduce the need to centralize decision making in alliances and …

Persistent link: https://www.econbiz.de/10009430914

Drought Analysis Based on Copulas

Chen, Lu; Singh, Vijay P; Guo, Shenglian - 2011

Droughts produce a complex set of negative economic, environmental, and social impacts across a country or region. Using monthly standardized Precipitation Index (SPI) values, drought characteristics, namely, drought duration, severity, interval time and minimum SPI values, were determined. Two...

Persistent link: https://www.econbiz.de/10009430735

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