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Going from a low to a high employment equilibrium

Lavoie, Marc; Hein, Eckhard - 2015

This paper presents an extensive, but non-formalized, critique ofthe concept of the non-accelerating inflation rate of unemployment(NAIRU) and all similar concepts such as the steady-inflation rateof capacity utilization (SIRCU) which are used by mainstream economiststo argue that there is no...

Persistent link: https://www.econbiz.de/10010520610

Entrepreneurship, Innovation and Technological Change

Ács, Zoltán J.; Audretsch, David B. - 2005

Persistent link: https://www.econbiz.de/10011279545

R&D networks: Theory, empirics and policy implications

König, Michael D.; Liu, Xiaodong; Zenou, Yves - 2014

We study a structural model of R&D alliance networks in which firms jointly form R&D collaborations to lower their production costs while competing on the product market. We derive the Nash equilibrium of this game, provide a welfare analysis and determine the optimal R&D subsidy program that...

Persistent link: https://www.econbiz.de/10011282476

Optimal effort incentives in dynamic tournaments

Klein, Arnd Heinrich; Schmutzler, Armin - 2014

This paper analyzes two-stage rank-order tournaments. A principal decides (i) how to spread prize money across the two periods, (ii) how to weigh performance in the two periods when awarding the second-period prize, and (iii) whether to reveal performance after the first period. The information...

Persistent link: https://www.econbiz.de/10011282508

Modelos y simulación para aproximar el valor de PI

Addati, Gastón A.; Celano, Fernando; Churruarín, Juan - 2016

Persistent link: https://www.econbiz.de/10011688801

A simultaneous-equation regression model of language complexity trade-offs

Coloma, Germán - 2016

In this paper we develop a statistical model of language complexity trade-offs using four typological measures (related to phonology, morphology, syntax and lexicon). The data come from the 100-language sample that appears in the World Atlas of Language Structures (WALS), and the trade-offs are...

Persistent link: https://www.econbiz.de/10011688807

The New Economics of Banking

Llewellyn, David T. - 1999

All aspects of banking business are being radically transformed and to an extent that is changing the fundamental economics of the banking firm and the banking industry. This is because of three dominant factors: a series of powerful pressures acting simultaneously; technology is changing the...

Persistent link: https://www.econbiz.de/10011689889

Company Financing, Capital Structure, and Ownership: A Survey, and Implications for Developing Economies

Prasad, Sanjiva; Green, Christopher J.; Murinde, Victor - 2001

attempts to reconcile competing theories of capital structure and appraises recent models which use agency theory and …

Persistent link: https://www.econbiz.de/10011689896

Italian Mutual Banks: Performance, Efficiency and Mergers and Acquisitions

Lopez, Juan Sergio; Appennini, Alessandra; Rossi, … - 2002

1) Are Italian mutual banks efficient? Evidence from two different cost frontier techniques, by Juan Sergio Lopez, Alessandra Appenini, and Stefania P.S. Rossi. The aim of the first paper is to analyze the efficiency of co-operative banks in Italy. The increasing competition induced by the...

Persistent link: https://www.econbiz.de/10011689899

The Theory of Financial Intermediation: An Essay On What It Does (Not) Explain

Scholtens, Bert; van Wensveen, Dick - 2003

This essay reflects upon the relationship between the current theory of financial intermediation and real …-world practice. Our critical analysis of this theory leads to several building blocks of a new theory of financial intermediation …. Current financial intermediation theory builds on the notion that intermediaries serve to reduce transaction costs and …

Persistent link: https://www.econbiz.de/10011689907