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witnesses such an increase, resulting in higher levels of competition which coincides with the timing of the increase in …
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The existing literature documents that computer simulations can reveal how characteristics of micro-level individuals give rise to macro-level phenomena of systemic wholes. This paper seeks to establish such an important simulation-based observation as a theoretical result on a sound foundation....
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expansion in their affiliates as a real option portfolio; Industry competition and capability to control and coordinate the …
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for the U.S. economy, I simulate the importance of two mechanisms: the differential labor market competition induced by … competition, even though these effects are compensated from the cheaper-childcare effect. This generates heterogeneity in the …
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the financial reports of the banks that operated in Serbia and Montenegro, covering the period from the first quarter of … results indicate that variations of return on assets and return on equity in Serbia can be explained by the variations of the …
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