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Im vorliegenden Beitrag wird die Publikation von BECKMANN, V. (2000): Transaktionskosten und institutionelle Wahl in …E N G L I S H V E R S I O N: This paper reviews the publication by BECKMANN, V. (2000): Transaktionskosten und …
Persistent link: https://www.econbiz.de/10008526817
This paper explores the natural resource consumption behavior of a competitively determined economy relative to a socially planned benchmark when agents are characterized as having finite lifespans which overlap. A general equilibrium model of a production economy which uses inputs from a finite...
Persistent link: https://www.econbiz.de/10005688378
This paper discusses the model and solution approach adopted by Majd and Pindyck (1987. Time to build, option value, and investment decisions. Journal of Financial Economics 18, March: 7-27) and Dixit and Pindyck (1994. Investment under uncertainty. Princeton, NJ: Princeton University Press),...
Persistent link: https://www.econbiz.de/10008674483
Schätzung der internen Transaktionskosten mit Hilfe von beobachteten Outputmengen und -preisen. Das empirische Modell ist ein …, dass die internen Transaktionskosten extrem hoch sind und nicht nur zu signifikanten allokativen Verzerrungen führen …, sondern darüber hinaus den strukturellen Wandel behindern. Die Verringerung der internen Transaktionskosten sollte von daher …
Persistent link: https://www.econbiz.de/10011142858
Regression des effektiven Zinssatzes, der sowohl den nominalen Zinssatz als auch zusätzliche Transaktionskosten umfasst, werden … Zinssubventionierung durch gesteigerte Transaktionskosten und adverse Selektion von Kreditnehmern stark verringert wird. Allerdings führt …
Persistent link: https://www.econbiz.de/10008526790
We investigate the solutions of the Burgers equation ∂tu(x,t)=D∂x2u(x,t)−∂x[F(x,t)u(x,t)]−κu(x,t)∂xu(x,t)+Φ(x,t), where F(x,t) is an external force and Φ(x,t) represents a forcing term. This equation is first analyzed in the absence of the forcing term by taking...
Persistent link: https://www.econbiz.de/10011064206
We here propose a numerical procedure for the reconstruction of a cavity shape in a bounded domain from ultrasounds boundary measurements. The ill posed nonlinear equation for the operator mapping the boundary of the cavity onto the trace of the solution in the external surface is solved by a...
Persistent link: https://www.econbiz.de/10010749770
The nonlinear complementarity or NCP functions were introduced by Mangasarian and these functions are proved to be useful in constrained optimization and elsewhere. Interestingly enough there are only two general methods to derive such functions, while the known or used NCP functions are either...
Persistent link: https://www.econbiz.de/10010998364
In this article, contrary to popular belief, it is argued on the basis of Transaction Cost Economics that consumers will become dependent subcontractors on electronic markets. Consumers invest time and effort building up a relation with a producer or e-tailer; an investment that is...
Persistent link: https://www.econbiz.de/10005505047
Despite its increasing role in the economic theory, the externality concept seems to evade any attempt for a rigorous and consensual definition, and this from Meade's original article to Arrow's work. An externality is soon seen as an unpriced "direct interaction" but some of its a priori...
Persistent link: https://www.econbiz.de/10005510621