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Market segmentation characterized by price heterogeneity appears as a failure of classical view of market equilibrium. We suppose that an existence of specific asset pricing determines the wealth level of lenders. In microfinance, we look at the linkages between the welfare of lenders and market...
Persistent link: https://www.econbiz.de/10012997524
For too long, most people who run companies have made a variety of unwarranted but detrimental assumptions about pricing. Changing prices, for example, has been looked upon as an easy, quick and reversible process, and new technologies have only reinforced that way of thinking. Similarly,...
Persistent link: https://www.econbiz.de/10014031093
The price system, the adjustment of prices to changes in market conditions, is the primary mechanism by which markets function and by which the three most basic questions get answered: what to produce, how much to produce and for whom to produce. To the behaviour of price and price system,...
Persistent link: https://www.econbiz.de/10014026221
This paper analyzes the productivity in the US rail industry for the period 1980 - 2006. I propose a value … productivity gains can be attributed to returns to scale and the reshuffling of resources to more efficient firms. However …, productivity slows down for the period 1995 - 2000 after important concentrations. I also look at the correlations between firm …
Persistent link: https://www.econbiz.de/10009755723
Why do cities differ so much in productivity? We document that most of the measured dispersion in productivity across … US cities is spurious and reflects granularity bias: idiosyncratic heterogeneity in plant-level productivity and size …
Persistent link: https://www.econbiz.de/10012418448
establishment entry and exit drive immigrant-induced job creation and a rightward shift of the productivity distribution in U ….S. local industries. High-productivity establishments are more likely to enter and less likely to exit in high immigration … environments, whereas low-productivity establishments are more likely to exit. These dynamics result in productivity growth. A …
Persistent link: https://www.econbiz.de/10013332159
Persistent link: https://www.econbiz.de/10003941819
Persistent link: https://www.econbiz.de/10009770687
Intuition can lead to more effective decision-making than analysis under certain conditions. This assumption can be … regarded as common sense. However, dominant research streams on intuition effectiveness in decision-making conceptualize … article suggests the structuredness of the decision problem as the main criterion for intuition effectiveness, and proposes …
Persistent link: https://www.econbiz.de/10012029308