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Persistent link: https://www.econbiz.de/10011091454
This paper analyzes the effect of monetary uncertainty on the inflationary bias and the variance of output and inflation. Monetary policy uncertainty is modeled as a shock to the central banker’s preference for inflation stabilization relative to output stabilization that cannot be observed by...
Persistent link: https://www.econbiz.de/10011092355
. Specifically, the paper dwells on the role of metropolitan regions as nodes in national and international networks and as nodes of …
Persistent link: https://www.econbiz.de/10009246581
It is well established at whatever spatial level studied that economic actors exhibit a strong tendency to cluster. Despite this fact many explanations to entrepreneurship only considers the personal characteristics of entrepreneurs. This is certainly not a satisfactory state-of-the-art. It is...
Persistent link: https://www.econbiz.de/10010739957
can have ‘bad’ consequences if bad actors such as criminals perform it). Depending on the types of networks and the norms … creativity by dynamic networks and/or values and attitudes that promote experimentation, but social capital can also counteract … creativity by rigid networks and values that support status quo. Efforts to defend status quo might be creative in a sense, but …
Persistent link: https://www.econbiz.de/10010818716
and social networks play an im-portant role for the decision to become self-employed. People that commute between … networks than non-commuters, since they can develop network links both in the locality where they live and in the locality … commuters in terms of the role of networks for becoming self-employed. On the one hand, we find for non-commuters that living …
Persistent link: https://www.econbiz.de/10010818741
considering networks, trust and local procedures in their studies. Nevertheless, the issue remains that regional governance seems …
Persistent link: https://www.econbiz.de/10011115520
Yang s theory of economic specialization under increasing returns to scale (Yang 2001) is a formal development of the fundamental Smith-Young theorem on the extent of the market and the social division of labor.In this theory specialization and, thus, the social division of labor is firmly...
Persistent link: https://www.econbiz.de/10011090467
Abstract: In this paper two cost sharing solutions for minimum cost spanning tree problems are introduced, the degree adjusted folk solution and the cost adjusted folk solution. These solutions overcome the problem of the classical reductionist folk solution as they have considerable strict...
Persistent link: https://www.econbiz.de/10011090555
Minimum cost spanning extension problems are generalizations of minimum cost spanning tree problems in which an existing network has to be extended to connect users to a source. This paper generalizes the definition of irreducible core to minimum cost spanning extension problems and introduces...
Persistent link: https://www.econbiz.de/10011090585