Showing 1 - 10 of 9,954
Persistent link: https://www.econbiz.de/10001566987
Persistent link: https://www.econbiz.de/10000558864
This paper presents a welfare analysis of several capital insurance programs in a rational expectation equilibrium setting. We first explicitly characterize the equilibrium of each capital insurance program. Then, we demonstrate that a capital insurance program based on aggregate loss is better...
Persistent link: https://www.econbiz.de/10010199026
itself. This description of entrepreneurship echoes Weber’s (1958 ) description of the “spirit of capitalism,” which states … implications of the spirit of capitalism on monetary policy, growth, and welfare in a Schumpeterian growth model. Different from … the spirit of capitalism is strong. Furthermore, we show the optimal nominal interest rate decreases with the strength of …
Persistent link: https://www.econbiz.de/10014090822
Persistent link: https://www.econbiz.de/10001688500
Persistent link: https://www.econbiz.de/10000574689
Persistent link: https://www.econbiz.de/10011485492
Persistent link: https://www.econbiz.de/10011866293
The move from traditional to open-access journals—which charge no subscription fees, only submission fees—is gaining support in academia. We analyze a two-sided-market model in which journals cannot commit to subscription fees when authors (who prefer low subscription fees because this...
Persistent link: https://www.econbiz.de/10012903350
The move from traditional to open-access journals--which charge no subscription fees, only submission fees--is gaining support in academia. We analyze a two-sided-market model in which journals cannot commit to subscription fees when authors (who prefer low subscription fees because this boosts...
Persistent link: https://www.econbiz.de/10012456455