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We construct a model where an entrepreneur could either innovate for entry or for sale. It is shown that increased product competition tends to increase the relative profitability of innovation for sale relative to entry. Increased competition reduces entrants' and acquirers' profits in a...
Persistent link: https://www.econbiz.de/10005497863
to the taxation of entrepreneurs in transition economies. …
Persistent link: https://www.econbiz.de/10005656322
In the course of ordinary business, commercial banks frequently encounter entrepreneurs seeking loans for the purpose … of financing new or continuing projects. These entrepreneurs are frequently unrealistic, their perception having been … relationship between banks and possible optimistic entrepreneurs. We examine this capital market from the stand-point of economic …
Persistent link: https://www.econbiz.de/10005791403
credit markets. Due to the financial imperfections, high-productivity firms - which are run by entrepreneurs - must be …
Persistent link: https://www.econbiz.de/10005123794
The feasibility of systemic reforms may depend on their distributional consequences. The shift to a market economy can be expected to increase wage differentials and unemployment, which will have an adverse effect on income distribution. Income tax reform and the change in the system of consumer...
Persistent link: https://www.econbiz.de/10005504483
Labour market analysis places much emphasis on the concept of search. But there is insufficient empirical information on (a) the relationship between reported search and job-finding and (b) how search behaviour changes over a spell without work. We investigate these issues using a sample...
Persistent link: https://www.econbiz.de/10005497834
The single most likely way to leave the unemployment insurance (UI) register in Hungary is not by getting a job but by …
Persistent link: https://www.econbiz.de/10005497937
countries, Hungary, Romania and Slovenia. The data are based on interviews taken in more than 300 state-owned, privatized and … pressure has a positive impact on firm performance in Hungary and Slovenia, but not in Romania, while in Romenia short … (being state-owned and privatized enterprises) tend to perform worse than newly-established firms in Hungary and Slovenia. In …
Persistent link: https://www.econbiz.de/10005498145
We investigate the effect of changes in unemployment insurance (UI) rules in Hungary on the outflow rate from the UI … register. Existing claims to UI are `grandfathered' in Hungary when UI rules change - new rules are applied only to new claims … unemployed in Hungary to be fairly inelastic to changes in UI benefits. …
Persistent link: https://www.econbiz.de/10005067412
in Hungary we find that the male/female difference in log wages declined from 0.31 to 0.19 between 1986 and 1998 and that …
Persistent link: https://www.econbiz.de/10005067679