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In these times of crises, capitalism and the far-reaching marketization of our societies has again become a subject of contestation and critique. Alternative organizing is one response to the critique of capitalism. As an embodied and constructive form of critique it takes place in prefigurative...
Persistent link: https://www.econbiz.de/10012285880
"Closing borders is naive, the virus will come regardless" - this was the policy assumption that was repeatedly stated until mid-March by the WHO, the EU, as well as responsible authorities in Germany and other countries. Meanwhile, other states had started closing their borders to travellers...
Persistent link: https://www.econbiz.de/10012299312
Nonlinearities in the drift and diffusion coefficients influence temporal dependence in scalar diffusion models. We …. Les non-linéarités dans les coefficients de mouvement et de diffusion ont une incidence sur la dépendance temporelle dans … le cas des modèles de diffusion scalaire. Nous examinons ce lien en recourant à deux notions de dépendance temporelle …
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This paper studies the aggregate implications of microeconomic investment irreversibility and idiosyncratic uncertainty in a simple growth model by highlighting real option effects. We endogenize the drift rate of real option by connecting it to the state of the economy. Thereby, we extend the...
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In this paper we analyse the employment implications of firing restrictions. We find that when a recession is expected and the trend rate of productivity growth is small, a rise in firing costs affects mainly the hiring decision. Thus there is a negative effect on average employment. When, on...
Persistent link: https://www.econbiz.de/10011418198