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production costs in an imperfectly competitive product market. This is done without invoking any agency problem or other form of …
Persistent link: https://www.econbiz.de/10010334797
needs not always promote production should firms take in inflation seriously. …
Persistent link: https://www.econbiz.de/10011521691
We consider a model of production with a continuum of linear techniques and examine the related choice of technique and …
Persistent link: https://www.econbiz.de/10011523966
marginal effects of price uncertainty on production are both positive (negative) when regret aversion prevails if the random … of the price distribution as such plays a pivotal role in determining the regret-averse firm's production decision. …
Persistent link: https://www.econbiz.de/10011610117
model in which domestic and foreign investment interact in two important ways. First, the MNC's production technology allows … from Canadian MNCs that invest solely in the United States. Our estimtes support the view that production and adjustment …
Persistent link: https://www.econbiz.de/10011576501
firms under certainty. This paper extends the theory by further investigating the effects of regret-aversion on production …-averse firms to produce more than the purely risk-averse counterparts and study the comparative statics of the optimal production …. We also develop properties of regret-aversion on production. …
Persistent link: https://www.econbiz.de/10012268101
considered as a measure of this objective and, in turn, as a measure of productivity in relation to the production process in … which the journals are involved. In order to assess this production process, in this paper econometric models using data … distance between the actual production of the journals and their estimated maximum achievable number of citations based on …
Persistent link: https://www.econbiz.de/10012437397
-adjustment costs in an inflationary environment. The model nests both the original menu-cost model that allows production to be …
Persistent link: https://www.econbiz.de/10013316563
The paper studies the effect of tax asymmetry on (risk neutral) competitive firm's production and optimal hedging …
Persistent link: https://www.econbiz.de/10013061564
We examine a stark setting in which security or protection can be provided by self-governing groups or by for-profit entrepreneurs (kings, kleptocrats, or mafia dons). Though selfgovernance is best for the population, it faces problems of long-term viability. Typically, in providing security the...
Persistent link: https://www.econbiz.de/10010261357