Search Results - subject:"complementarities"

Prices and Market Shares in a Menu Cost Model

Burstein, Ariel Tomas; Hellwig, Christian - C.E.P.R. Discussion Papers - 2007

Pricing complementarities play a key role in determining the propagation of monetary disturbances in sticky price … models. We propose a procedure to infer the degree of firm-level pricing complementarities in the context of a menu cost … procedure by calibrating our model (in which pricing complementarities are based on decreasing returns to scale at the variety …

Persistent link: https://www.econbiz.de/10005662046

Interactions between Employment and Training Policies

Oskamp, Frank; Snower, Dennis J. - Institut für Weltwirtschaft (IfW) - 2007

-budget-constraint effects, there are complementarities, but the government budget constraint introduces substitutabilities. The analysis …

Persistent link: https://www.econbiz.de/10005755249

Regional Unemployment and Human Capital in Transition Economies

Jurajda, Stepan; Terrell, Katherine - C.E.P.R. Discussion Papers - 2007

complementarities in skill and capital. Nevertheless, we find no supporting evidence of human capital wage spillovers implied by the … complementarities story. Unemployment of the least-skilled workers appears lower in areas with a higher share of college-educated labour …

Persistent link: https://www.econbiz.de/10005136518

Interdependency, Competition, and Industry Dynamics

Lenox, Michael J.; Rockart, Scott F.; Lewin, Arie Y. - In: Management Science 53 (2007) 4, pp. 599-615

Asystematic understanding of industry dynamics is critical to strategy research because individual firm performance dynamics both reflect and affect change at the industry level. Descriptive research on industry dynamics has identified a dominant pattern where prices fall, output rises, and the...

Persistent link: https://www.econbiz.de/10009209391

On stochastic games in economics

Nowak, Andrzej - In: Computational Statistics 66 (2007) 3, pp. 513-530

In this paper we show that many results on equilibria in stochastic games arising from economic theory can be deduced from the theorem on the existence of a correlated equilibrium due to Nowak and Raghavan. Some new classes of nonzero-sum Borel state space discounted stochastic games having...

Persistent link: https://www.econbiz.de/10010759513

Health investment complementarities under competing risks

Dow, William H.; Philipson, Tomas; Sala-i-Martin, Xavier; … - Department of Economics and Business, Universitat … - 1997

investigation of the positive complementarities that occur between disease--specific policy interventions. We argue that since an … complementarities, involving causes that are not biomedically, but behaviorally, linked. …

Persistent link: https://www.econbiz.de/10005772551

International Trade and Finance under the Two Hegemons: Complementarities in the United Kingdom (1870-1913) and the United States (1920-30)

Taylor, Alan M.; Wilson, Janine - C.E.P.R. Discussion Papers - 2006

Do international trade and finance flow together? In theory, trade and finance can be substitutes or complements, so the matter must be resolved empirically. We study trade and financial flows from the United Kingdom from 1870 to 1913 and the United States in the interwar years. Trade and...

Persistent link: https://www.econbiz.de/10005504376

Employment Patterns in OECD Countries: Reassessing the Role of Policies and Institutions

Bassanini, Andrea; Duval, Romain - Economics Department, Organisation de Coopération et … - 2006

This paper explores the impact of policies and institutions on employment and unemployment of OECD countries in the past decades. Reduced-form unemployment equations, consistent with standard wage setting/price-setting models, are estimated using cross-country/time-series data from 21 OECD...

Persistent link: https://www.econbiz.de/10005045895

Organizing Innovation Complementarities between Cross-Functional Teams

Love, James H.; Roper, Stephen; Mangiarotti, Giovanni - DRUID, Copenhagen Business School, Department of … - 2006

complementarities which may arise when cross-functional teams are used in different elements of the innovation process in UK and German … more uniform in the UK than in Germany. The most uniform complementarities are between product design and development and …

Persistent link: https://www.econbiz.de/10005627323

Systemic Innovation in a Distributed Network Paradox or Pinnacle?

Andersen, Poul Houman; Drejer, Ina - DRUID, Copenhagen Business School, Department of … - 2006

Previous research has suggested that there is a dichotomy of organisational practices: companies involved in autonomous or modularised innovations, it is argued, benefit from decentralised approaches where coordination primarily takes place through the marketplace, whereas the benefits of...

Persistent link: https://www.econbiz.de/10005627328