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network and transport strategy of its own to leverage its economic potential. It should not rely on China's Belt and Road … in particular needs an upgrading of its transport infrastructure. If this is achieved, the boost to incomes and living … standards would be particularly significant in that part of the continent, as a 'big push' in transport infrastructure …
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of the transport capacity on the train's return trips. The survey results also show the current bottlenecks and the … potential and trends for the future development of the Brazilian logistics and transport sector for agricultural bulk products … Schüttgüter am Beispiel von Sojabohnen. Um den Einfluss von Transport und Logistik auf die Wettbewerbsfähigkeit der Sojaproduktion …
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We study auction design when parties cannot commit themselves to the mechanism. The seller may change the rules of the game and the buyers choose their outside option at all stages. We assume that the seller has a leading role in equilibrium selection at any stage of the game. Stationary...
Persistent link: https://www.econbiz.de/10011325053
This paper examines the effect of competition on the irreversible investment decisions under uncertainty as a generalization of the "real option" approach. We examine this issue with reference to an industry where each firm has only one investment opportunity which is completely irreversible and...
Persistent link: https://www.econbiz.de/10011325060
This document provides a description of the STAGE_W computable general equilibrium (CGE) model, which is a development of the STAGE model and allows for the depiction of diverse water resources and qualities as well as the simulation of detailed water policy scenarios. The main extensions of...
Persistent link: https://www.econbiz.de/10011375031
Persistent link: https://www.econbiz.de/10011385174
This paper documents a new stylized fact of the greater macroeconomic stability of the U.S. economy over the last two decades. Using 131 monthly time series, three popular statistical methods and the forecasts of the Federal Reserve’s Greenbook and the Survey of Professional Forecasters, we...
Persistent link: https://www.econbiz.de/10011604651
This paper reviews three different concepts of equilibrium exchange rates that are widely used in policy analysis and constitute the backbone of the IMF CGER assessment: the Macroeconomic Balance, the External Sustainability and the reduced form approaches. We raise a number of econometric...
Persistent link: https://www.econbiz.de/10011605197