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Governments are becoming increasingly aware of SMEs as economical role players. As a result many initiatives were introduced to address the unique challenges of the SME sector. One of these initiatives was the introduction of a global accounting framework for SMEs by the International Accounting...
Persistent link: https://www.econbiz.de/10009456150
The idea of a flat tax, a tax levied at a single rate, has become an increasingly discussed and implemented fiscal strategy across Europe and the rest of the world. Estonia, Latvia, and Lithuania adopted flat tax systems in 1994 and 1995, making them the first modern countries to adopt flat...
Persistent link: https://www.econbiz.de/10009438702
Morocco and Tunisia have both achieved robust economic growth over the last 30 years by utilizing prudent economic planning and implementation. The World Bank heralds both countries as prime examples of how market-friendly capitalist systems can be implemented over a short period of time with...
Persistent link: https://www.econbiz.de/10009439124
The properties of automatic model selection are discussed, focusing on PcGets. We explain the background concepts and why automatic methods can perform well. Criticisms of model selection procedures are noted and rebutted. The algorithm is sketched, distinguishing between costs of search and...
Persistent link: https://www.econbiz.de/10009441474
Persistent link: https://www.econbiz.de/10009447401
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
(Magill, M., Quinzii, M., 2002. Capital market equilibrium with moral hazard. Journal of Mathematical Economics 38, 149-190) showed that, in a stockmarket economy with private information, the moral hazard problem may be resolved provided that a spanning overlap condition is satisfed. This...
Persistent link: https://www.econbiz.de/10009447956
I examine a situation where a firm chooses to locate a new factory in one of several jurisdictions. The value of the factory may differ among jurisdictions and it depends on the private information held by each jurisdiction. Jurisdictions compete for the location of the new factory. This...
Persistent link: https://www.econbiz.de/10009447959
In this paper we suggest a model of sequential auctions with endogenous participation where each bidder conjectures about the number of participants at each round. Then, after learning his value, each bidder decides whether or not to participate in the auction. In the calculation of his expected...
Persistent link: https://www.econbiz.de/10009447972
' (henceforth, TL). The theory is closely linked to the growth in what has been defined as corporate culturism - an emphasis on the … theory, and subjects the concept to a critical analysis. In particular, similarities are identified between the components …
Persistent link: https://www.econbiz.de/10009448006