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Persistent link: https://www.econbiz.de/10008926006
This paper explores initiatives to date by the IMF, financial markets, and civil society organizations to assess and …
Persistent link: https://www.econbiz.de/10005604995
and local markets, transnational universities, the growth of Amazon books in Germany, the definition of marketing … products and services, the inability to define markets one never knew existed, Japanese automobile manufacturers’ focus on the …
Persistent link: https://www.econbiz.de/10009429636
Financial markets have undergone a dramatic technological transformation. Electronic and centralized limit order books … markets. …
Persistent link: https://www.econbiz.de/10009434601
(and the consequent displacement of markets and hierarchies) has been at the heart of attempts to differentiate the field … concerning the role and significance of networks, markets and hierarchies in production models and work organisation in creative …
Persistent link: https://www.econbiz.de/10009437939
Transaction costs are omnipresent in markets yet are often omitted in economic models. We show that their presence can … fundamentally alter incentives and welfare in markets in which the price equates supply and demand. We categorize transaction costs … properties of markets without transaction costs, namely strategyproofness, efficiency, and robustness to misspecified beliefs and …
Persistent link: https://www.econbiz.de/10013441509
states and open and competitive markets. By building on and going beyond the work of Elinor and Vincent Ostrom, he develops … such as John Locke and John Rawls. Importantly, he does not suggest an end to property, states or markets, but rather a …
Persistent link: https://www.econbiz.de/10014280315
to alleviate cooperation problems from market failure. In groups further away from markets, individuals rely on eponymous … exchange and reputation in dense social network, which fosters parochial cooperation. In contrast, in groups near markets … sanctioning fosters generalized cooperation. Distance from markets without asymmetric information has no effect on civic values …
Persistent link: https://www.econbiz.de/10014480478
This paper studies data from the wholesale fruit and vegetables market in Marseille. The special feature of the data is that we have details of counteroffers to the prices that were proposed by the seller even when no transaction took place. Each offer, counteroffer and refusal conveys...
Persistent link: https://www.econbiz.de/10010310526
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such context many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10010312978