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Schilling, Linda - 2019

In an endowment economy, we analyze coexistence and competition between traditional fiat money (Dollar) and cryptocurrency (Bitcoin). Agents can trade consumption goods in either currency or hold on to currency for speculative purposes. A central bank ensures a Dollar inflation target, while...

Persistent link: https://www.econbiz.de/10012899647

Volatility and Dividends II : Consistent Cash Dividends

Buehler, Hans - 2018

We discuss a time-homogeneous equity stock price modelling approach with a consistent dividend process such that at any point, conditional on the state variables of the model, short-term implied dividends are "cash-like" (constant) and long-term dividends are "proportional".Our approach is based...

Persistent link: https://www.econbiz.de/10012937088

Radner equilibria under ambiguous volatility

Beißner, Patrick - 2013

The present paper considers a class of general equilibrium economics when the primitive uncertainty model features uncertainty about continuous-time volatility. This requires a set of mutually singular priors, which do not share the same null sets. For this setting we introduce an appropriate...

Persistent link: https://www.econbiz.de/10010212527

Three essays in international integration

McQuoid, Alexander - 2012

Persistent link: https://www.econbiz.de/10011819099

What we can and what we can't say about employment growth in specialised cities

Farhauer, Oliver; Kröll, Alexandra - 2010

There is an ongoing debate on whether certain sector structures enhance regional employment growth. Often, regional policies promote clusters and, hence, regional specialisation. It is commonly believed that clusters boost regional economic performance. However, in the present manuscript a...

Persistent link: https://www.econbiz.de/10009425227

Banking networks and economic growth: from idiosyncratic shocks to aggregate fluctuations

Kundu, Shohini; Vats, Nishant - 2021

This paper explores the transmission of non-capital shocks through banking networks. We develop a methodology to construct non-capital (idiosyncratic) shocks, using labor productivity shocks to large firms. We document a change in the relationship between foreign idiosyncratic shocks and...

Persistent link: https://www.econbiz.de/10012694566

Creativity or cooptation? : thinking beyond instrumentalism when teaching design thinking

Zidulka, Amy; Mitchell, Ingrid Kajzer - In: Journal of management education : a publication of the … 42 (2018) 6, pp. 749-760

Persistent link: https://www.econbiz.de/10011944795

When and how knowledge sharing benefits team creativity : the importance of cognitive team diversity

Men, Chenghao; Fong, Patrick S. W.; Luo, Jinlian; Huo, … - In: Journal of management & organization : JMO 25 (2019) 6, pp. 807-824

Persistent link: https://www.econbiz.de/10012110685

Creativity - a Volatile Key of Success? Creativity in New Drug Development

Sundgren, Mats; Styhre, Alexander - 2015

This paper presents a study of successful and creative projects in the pharmaceutical industry. Creativity is here … pharmaceutical researchers at former AB Hassle and ICI Pharmaceutical Division, suggests that if creativity is to be managed as an … thing as creativity management but also claims that creativity is complicated to manage as an organizational resource, since …

Persistent link: https://www.econbiz.de/10014029811

Subjective Discount Factors

Luttmer, Erzo G J; Mariotti, Thomas - C.E.P.R. Discussion Papers - 2000

This paper describes the equilibrium of a discrete-time exchange economy in which consumers with arbitrary subjective discount factors and quasi-homothetic period utility functions follow linear Markov consumption and portfolio strategies. Explicit expressions are given for state prices and...

Persistent link: https://www.econbiz.de/10005662071

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