Showing 1 - 10 of 13,445
Chandlerian world entails a lower spread of managerial salaries, greater product diversification, and a greater degree of products …
Persistent link: https://www.econbiz.de/10010328455
Die Wahl zwischen Diversifikation und Spezialisierung ist eine lange und kontrovers diskutierte Frage in der … messen, wie sie bei real existierender, also beobachtbarer Diversifikation reagieren und ob sie in Querschnitt- und … Diversifikation sowie ihrer Entwicklung im Zeitverlauf für das verarbeitende Gewerbe in Deutschland gegeben. …
Persistent link: https://www.econbiz.de/10010377805
This paper analyzes the effect of skill heterogeneity on regional patterns of production and housing in the presence of pecuniary externalities within a general-equilibrium framework, assuming monopolistic competition in intermediate goods markets. It shows that the interplay of heterogeneous...
Persistent link: https://www.econbiz.de/10010309608
Collective consumption decisions taken by the members of a household may prove inefficient. The impact of such inefficient household decisions on market performance is investigated. At one extreme, market efficiency can occur even when household decisions are inefficient, namely when household...
Persistent link: https://www.econbiz.de/10010292768
The argument that policy risk, i.e. uncertainty about monetary and fiscal policy, has been holding back the economic recovery in the U.S. during the Great Recession has a large popular appeal. We analyze the role of policy risk in explaining business cycle fluctuations by using an estimated New...
Persistent link: https://www.econbiz.de/10010293363
I review previous approaches to modelling oligopoly in general equilibrium, and propose a new view which in principle overcomes their deficiencies: modelling firms as large in their own market but small in the economy as a whole. Implementing this approach requires a tractable specification of...
Persistent link: https://www.econbiz.de/10010293767
A theory is developed of labor migration that is prompted by a desire to avoid social humiliation. In a general …
Persistent link: https://www.econbiz.de/10010294009
In this paper, we directly test the Modigliani-Miller theorem in the lab. Applying a general equilibrium approach and not allowing for arbitrage among firms with different capital structures, we are able to address this issue without making any assumptions about individuals' risk attitudes and...
Persistent link: https://www.econbiz.de/10010294759
This study analyzes the impact of international trade on the diffusion of flexible manufacturing in a general equilibrium framework. Suppliers produce a flexible base product that can be adapted to the specific input requirements of a continuum of downstream industries. The vertical structure is...
Persistent link: https://www.econbiz.de/10010296394
Examples of simple economic theory models are analyzed as restrictions on the Cointegrated VAR (CVAR). This establishes …
Persistent link: https://www.econbiz.de/10010298620