We study the behavior of real exchange rates in a two-country dynamic equilibrium model. In this model, consumers can only consume domestic goods but can invest costlessly in capital stocks of both countries. Nevertheless, transporting goods between the two countries is costly and, hence, the...

Multicast and unicast traffic share and compete for network resources. To facilitate efficient and equitable resource allocation between traffic types, this paper advocates a costbased approach to multicast pricing. When prices are set to reflect actual network resource consumption, market...

Die Nachfrage nach Nahrungsmitteln unterliegt in Deutschland seit Jahrzehnten einem anhal-tenden Veränderungsprozess. Um auf veränderte Konsumansprüche reagieren und zukünftige Entwicklungen abschätzen zu können, erzielt die Analyse der Nahrungsmittelnachfrage an-hand der Schätzung von...

This study tests the assertion that membership growth in credit unions is constrained by their unique structural features, such as their non-profit mission and member-based ownership. Although these features enhance inclusiveness, existing theory suggest that they work against efficiency when...