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681961
Endogenous transport costs in international trade
Kleinert, Jörn
;
Spies, Julia
-
2011
In this paper we claim that distance alone is a poor proxy for international transport costs in empirical studies. We model a manufacturing and a transport sector and let the level of manufacturing exports determine the demand for transport services. Above a particular trade level, transport...
Persistent link: https://www.econbiz.de/10010286440
Saved in:
681962
International sourcing, product complexity and intellectual property rights
Naghavi, Alireza
;
Spies, Julia
;
Toubal, Farid
-
2011
In this paper, we propose the technological complexity of a product and the level of Intellectual Property Rights (IPRs) protection to be the co-determinants of the mode through which multinational firms purchase their goods. We study the choice between intra-firm trade and outsourcing given...
Persistent link: https://www.econbiz.de/10010286441
Saved in:
681963
Vertically related markets of collective licensing of differentiated copyrights with indirect network effects
Thomes, Tim Paul
-
2010
This paper presents a
theory
of vertically interrelated markets of identical fixed size under implementation of …
Persistent link: https://www.econbiz.de/10010286453
Saved in:
681964
Procedurally fair provision of public projects: An axiomatic characterization
Güth, Werner
;
Kliemt, Hartmut
-
2011
Unanimous voting as the fundamental procedural source of political legitimacy grants veto power to each individual. We present an axiomatic characterization of a class of bidding processes to spell out the underlying egalitarian values for collective projects of a productive state. At heart of...
Persistent link: https://www.econbiz.de/10010286454
Saved in:
681965
Money
Wray, L. Randall
-
2010
possible. These three propositions are used to build a
theory
of money that is linked to common themes in the heterodox …'s approach, which relies on accounting identities; the K distribution
theory
of Keynes, Michal Kalecki, Nicholas Kaldor, and …
Persistent link: https://www.econbiz.de/10010286493
Saved in:
681966
Extrinsic rewards and intrinsic motives: Standard and behavioral approaches to agency and labor markets
Rebitzer, James B.
;
Taylor, Lowell J.
-
2010
Employers structure pay and employment relationships to mitigate agency problems. A large literature in economics documents how the resolution of these problems shapes personnel policies and labor markets. For the most part, the study of agency in employment relationships relies on highly...
Persistent link: https://www.econbiz.de/10010286501
Saved in:
681967
A post Keynesian perspective on the rise of Central Bank independence: A dubious success story in monetary economics
Bibow, Jörg
-
2010
This paper critically assesses the rise of central bank independence (CBI) as an apparent success story in modern monetary economics. As to the observed rise in CBI since the late 1980s, we single out the role of peculiar German traditions in spreading CBI across continental Europe, while its...
Persistent link: https://www.econbiz.de/10010286503
Saved in:
681968
International trade
theory
and policy: A review of the literature
Sen, Sunanda
-
2010
This paper provides a survey of the literature on trade
theory
, from the classical example of comparative advantage to … verifications and logical critiques. A useful supplement is provided in terms of Staffan Linder's
theory
of overlapping demand … trade
theory
, with strategic trade providing inputs to industrial policy. Issues relating to trade, growth, and development …
Persistent link: https://www.econbiz.de/10010286543
Saved in:
681969
A contribution to the
theory
of financial fragility and crisis
Bhaduri, Amit
-
2010
The paper examines three aspects of a financial crisis of domestic origin. The first section studies the evolution of a debt-financed consumption boom supported by rising asset prices, leading to a credit crunch and fluctuations in the real economy, and, ultimately, to debt deflation. The next...
Persistent link: https://www.econbiz.de/10010286546
Saved in:
681970
Financial markets
Bibow, Jörg
-
2011
This paper provides a brief exposition of financial markets in Post Keynesian economics. Inspired by John Maynard Keynes's path-breaking insights into the role of liquidity and finance in monetary production economies Post Keynesian economics offers a refreshing alternative to mainstream...
Persistent link: https://www.econbiz.de/10010286553
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