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This tenth issue of the International Productivity Monitor produced by the Centre for the Study of Living Standards contains six articles. Topics covered are: the puzzling recent behaviour of labour productivity in Canada; an international perspective on Canada's productivity performance since the...
Persistent link: https://www.econbiz.de/10005518979
organization innovation and information and communications technologies on firm performance; the effect of adjustment costs on …
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hypothesis (SAH). To our knowledge, this is the first examination of the SAH for the USA. The results of our empirical analysis …
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investment recognizes the option value of waiting for better (but never complete) information. It exploits an analogy with the … theory of options in financial markets, which permits a much richer dynamic framework than was possible with the traditional … theory of investment. The authors present the new theory in a clear and systematic way, and consolidate, synthesize, and …
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We study the impact of information revelation on efficiency in auctions. In a constrained-efficient mechanism, i.e. a … mechanism that is efficient subject to the incentive-compatibility constraint, any additional information available to bidders …-price sealed-bid auction, revelation of information might lead to efficiency losses. …
Persistent link: https://www.econbiz.de/10005067415
The main contribution of this study is to develop a dynamic general equilibrium model linking financial markets to the real economy. In search of a unified framework, this study finds that a model with internal habit memory is able to generate asset pricing and business cycle predictions that...
Persistent link: https://www.econbiz.de/10005534179