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depend on sound infrastructure and well-calibrated regulation. The humble wooden utility pole, first deployed in America in … 1844 to extend telegraph service, forms the twenty-first century’s technological scaffold. Utility poles are increasingly … risks posed by century-old private utility pole associations in California, composed of private and public utility pole …
Persistent link: https://www.econbiz.de/10014254996
experiment with skill-based payoffs by systematically varying two key elements of the market environment: demand risk and … expected market size. Results show that people's reactions to demand risk depend on the market size: in small markets people … inefficiencies in both cases: demand risk significantly amplifies overentry in small markets and underentry in large markets. Skill …
Persistent link: https://www.econbiz.de/10010338933
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Driven by increasing costs in the traditionally-regarded low-cost manufacturing bases (e.g., China), many firms have started to outsource their production to the regions of even lower costs (e.g., Southeast Asia). However, a new environment may involve higher cost uncertainty and severer...
Persistent link: https://www.econbiz.de/10012903550
The paper analyzes under what circumstances policymakers experiment with policies with uncertain outcomes, when they prefer to imitate policies initiated in other countries, and when they prefer to coordinate policies internationally. Policymakers have private costs of active policies and...
Persistent link: https://www.econbiz.de/10013187549
The paper analyzes under what circumstances policymakers experiment with policies with uncertain outcomes, when they prefer to imitate policies initiated in other countries, and when they prefer to coordinate policies internationally. Policymakers have private costs of active policies and...
Persistent link: https://www.econbiz.de/10013189168
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