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An economist’s take on differential accumulation and inflation in Pakistan. Our analysis seeks to look at inflation as a political economic phenomenon, based on a framework devised by Jonathan Nitzan and christened differential accumulation. The theory of differential accumulation rejects the...
Persistent link: https://www.econbiz.de/10011645022
Persistent link: https://www.econbiz.de/10011739030
Index tracking aims at determining an optimal portfolio that replicates the performance of an index or benchmark by investing in a smaller number of constituents or assets. The tracking portfolio should be cheap to maintain and update, i.e., invest in a smaller number of constituents than the...
Persistent link: https://www.econbiz.de/10010584054
Index tracking aims at determining an optimal portfolio that replicates the performance of an index or benchmark by investing in a smaller number of constituents or assets. The tracking portfolio should be cheap to maintain and update, i.e., invest in a smaller number of constituents than the...
Persistent link: https://www.econbiz.de/10010551103
that can be modeled by matroids. …
Persistent link: https://www.econbiz.de/10011212053
In this paper I examine the incentives of regions to unite, to separate and to provide public goods. Separation allows … of scale in the provision of public goods. When public good provision is relatively inexpensive, separation occurs since … individuals want to assert greater influence, while for intermediate costs of public good provision, separation can be explained …
Persistent link: https://www.econbiz.de/10005835220
In this paper we estimate the elasticity of the labour supply to a firm, using data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey. Estimation of this elasticity is of particular interest because of its relevance to the debate about the competitiveness of labour...
Persistent link: https://www.econbiz.de/10008511762
This paper analyses the hiring and separation rates in Tunisia before and after the Arab Spring of 2011. Several models … separation, total employment effects and composition of labour force by gender, managerial level and age cohorts. Six models are … estimated to investigate hiring, separation, hiring rate, separation rate, mobility, and net-employment. The results indicate …
Persistent link: https://www.econbiz.de/10011156476
Extreme adverse selection arises when private information has unboundedsupport, and market breakdown occurs when no trade is the only equilibriumoutcome. We study extreme adverse selection via the limit behavior of afinancial market as the support of private information converges to an...
Persistent link: https://www.econbiz.de/10009025002
This note provides several generalizations of Mailath's (1987) result that incentive compatibility plus separation …
Persistent link: https://www.econbiz.de/10008672484