Search Results - subject:"complementarities"

Exchange rate pass-through, domestic competition, and inflation: Evidence from the 2005/08 revaluation of the Renminbi

Auer, Raphael A. - 2012

This paper quantifies the effect of the government-controlled appreciation of the Chinese renminbi (RMB) vis-à-vis the USD from 2005 to 2008 on the prices charged by US producers. As the RMB during that time was pegged to a basket of currencies, the empirical strategy must account for the fact...

Persistent link: https://www.econbiz.de/10010281451

Frictions and the joint behavior of hiring and investment

Yashiv, Eran - 2012

The decisions of firms on investment and hiring play a crucial role in business cycle fluctuations. This paper explores their dynamic behavior in the presence of frictions. It does so within a unified framework, stressing their mutual dependence and placing the emphasis on their joint,...

Persistent link: https://www.econbiz.de/10010287683

Inflation Targeting under Heterogeneous Information and Sticky Prices

M'Baye, Cheick Kader - HAL - 2012

conciliates the interaction between the degree of price stickiness, and the degree of strategic complementarities in fi-rms' price … model's parameters. In particular, we show that strategic complementarities appear to be the fi-rst driving force. When they … model. By contrast, when the degree of strategic complementarities is high, adopting a target for in ation depends on both …

Persistent link: https://www.econbiz.de/10010821354

Network Games under Strategic Complementarities

Belhaj, Mohamed; Bramoullé, Yann; Deroian, Frédéric - 2012

We study network games with linear best-replies and strategic complementarities. We assume that actions are continuous …

Persistent link: https://www.econbiz.de/10010900277

Animal Spirits in Entrepreneurial Innovation: Theory and Evidence

Cipollone, Angela; Giordani, Paolo E. - Dipartimento di Economia e Finanza (DEF), Libera … - 2012

This paper proposes and empirically tests a theory of entrepreneurial innovation in order to explain its high degree of concentration in space and time. In the model, a successful entrepreneurial project is the result of a search and matching process between entrepreneurs looking for funds and...

Persistent link: https://www.econbiz.de/10010791300

Animal Spirits and Entrepreneurial Innovation: Theory and Evidence

Cipollone, Angela; Giordani, Paolo - Dipartimento di Economia e Finanza (DEF), Libera … - 2012

This paper proposes and empirically tests a theory of entrepreneurial innovation to explain its high degree of concentration in space and time. In the model, a successful entrepreneurial project is the result of a search and matching process between entrepreneurs looking for funds and...

Persistent link: https://www.econbiz.de/10010791322

Network Games under Strategic Complementarities

Belhaj, Mohamed; Bramoullé, Yann; Deroïan, Frédéric - HAL - 2012

We study network games with linear best-replies and strategic complementarities. We assume that actions are continuous …

Persistent link: https://www.econbiz.de/10010933839

Exchange Rate Pass-Through, Domestic Competition, and Inflation: Evidence from the 2005/08 Revaluation of the Renminbi

Auer, Raphael A. - CESifo - 2012

Persistent link: https://www.econbiz.de/10010535633

Beliefs and rationalizability in games with complementarities

Mathevet, Laurent - Volkswirtschaftliche Fakultät, … - 2012

We propose two characteristics of players' beliefs and study their role in shaping the set of rationalizable strategy profiles in games with incomplete information. The first characteristic, type-sensitivity, is related to how informative a player thinks his type is. The second characteristic,...

Persistent link: https://www.econbiz.de/10009422003

The Internationalisation of R&D and the Knowledge Production Function

García-Vega, María; Hofmann, Patricia; Kneller, Richard - CESifo - 2012

complementarities in the knowledge assets of the MNE and the target firm as a reason for FDI. In contrast, consistent with technology …

Persistent link: https://www.econbiz.de/10009651858