Showing 111 - 120 of 1,260
A Quality-adjusted specification of labor is suggested which allow firms training to effect labor efficiency. To assess the cost and productivity effects, this specification is integrated into a flexible neoclassical cost function.
Persistent link: https://www.econbiz.de/10005486498
Evolutionary game theory studies the robustness of strategy profiles and sets of strategy profiles with respect to evolutionary forces in games played repeatedly in large populations of boundedly rational agents. The approach is macro oriented inthe sense of focusing on the strategy distribution...
Persistent link: https://www.econbiz.de/10005486499
This paper contributes to research endogenizing multinational firms in general equilibrium trade Models.
Persistent link: https://www.econbiz.de/10005486500
How do we explain the poor employment performance in Western Europe since about the-1970s? This question is in fact twofold : What initiated the dramatic rise in employment, and waht mechanisms have made it continue for so long? My attemps to answer these questions from the basis for a...
Persistent link: https://www.econbiz.de/10005486501
This paper shows that the liberalisation of foreign direct investment (FDI) tends to make the effect of labour costs on domestic investment and labour demand more negative.
Persistent link: https://www.econbiz.de/10005486502
We demonstrate a "preemptive merger mechanism" which may explain the empirical puzzle why mergers reduce profits, and raise share prices. A merger may confer strong negative externalities on the firms outside the merger. If being an "insider" is better than being an "outsider", firms may merge...
Persistent link: https://www.econbiz.de/10005486503
Market exchange is subject to an endogenously-determined level of predation which impedes specialization and gains from trade. Utility-maximizing agents opt between careers in specialized production and careers in predation. Three types of equilibria may emerge, autarky, an insecure exchange...
Persistent link: https://www.econbiz.de/10005486504
This paper analyzes the utilization of R&D results in the home and foreign plants of Swedish maltinational enterprises (MNEs). The empirical findings indicate that the firms' R&D undertaken in the home country is used as an input in both the home and foreign plants of the MNEs.
Persistent link: https://www.econbiz.de/10005486505
This paper reconsiders the predominant typology pioneered by Baumol (1990) between productive, unproductive and destructive entrepreneurship. Baumol’s classificatory scheme is built around a limited concept of first-best outcomes and therefore easily fails to appreciate the true impact of...
Persistent link: https://www.econbiz.de/10004969817
In this paper we use newly compiled top income share data to estimate common breaks and trends across countries over the twentieth century. By using the most re-cent structural breaks techniques, our approach both confirms previous notions and offers new insights. In particular, the division...
Persistent link: https://www.econbiz.de/10004979441