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Persistent link: https://www.econbiz.de/10010342455
to be more mixed and modest than expected. We suggest that this in fact should not be surprising, since economic theory …
Persistent link: https://www.econbiz.de/10009686878
Ein Jahr nach Inkrafttreten der deutschen Energierechtsnovelle sind die Konturen der zukünftigen Strommarktregulierung noch zu weiten Teilen ungeklärt. Vor diesem aktuellen wirtschaftspolitischem Hintergrund wird in diesem Papier die Frage nach einer sachgerechten Ausrichtung der...
Persistent link: https://www.econbiz.de/10011475164
describes the concurrent evolution of the unit sales and price of durable goods. The theory is based on the idea that the sales … market penetration. The theory suggests that the imitation rate B indicating social contagion in the Bass model has its …
Persistent link: https://www.econbiz.de/10013015690
Two well-known mechanisms for enhancing managers' accountability are yardstick competition and internal monitoring. Yardstick competition puts managers in direct competition when firms make decisions for re-appointment (Tirole, 2006). Monitoring is used by firms to detect managers' rent-seeking...
Persistent link: https://www.econbiz.de/10012890290
This analysis introduces a theoretical framework for assessing the empirical discussion of asymmetric information amongst mortgage lenders and adds the idea of lender competition into this framework. Despite this addition, the results are generally consistent with existing empirical findings...
Persistent link: https://www.econbiz.de/10013027213
We study learning in perfect competition. A price-taking firm sells a good whose quality is unknown to some buyers. The uninformed buyers use the price to infer information about quality. The presence of noise on the supply prevents perfect learning. Even though the firm is a price-taker,...
Persistent link: https://www.econbiz.de/10013032366
By the well established tournament literature, incomplete information regarding the employees' productivity is essential for the rationalization of (efficiency-enhancing) tournaments. In this paper we propose an alternative rationalization of tournaments focusing on a fully informed principal...
Persistent link: https://www.econbiz.de/10013319496
Contrary to some of the leading critiques of neoclassical theory, I argue that this theoretical framework can … market forces. Neoclassical theory, broadly defined, simply stresses the potential trade-off that exists between altruistic … neoclassical theory are too narrow to deal with the potential ramifications of introducing the moral dimension into the objective …
Persistent link: https://www.econbiz.de/10014047497
. Inspired by the theory of the core, we explore the idea that the competitive process is the process of sellers and buyers …
Persistent link: https://www.econbiz.de/10014185970