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We present an experimental and simulated model of a multi-agent stock market driven by a double auction order matching mechanism. Studying the effect of cumulative information on the performance of traders, we find a non monotonic relationship of net returns of traders as a function of...
Persistent link: https://www.econbiz.de/10005790311
Daniel Klein (Klein 1997, Klein and Orsborn 2009 and Klein and Briggeman forthcoming) and Israel Kirzner (forthcoming) have been engaged in a debate concerning how economists should understand and use the terms “coordination” and “economic goodness”. Klein and Briggeman (forthcoming)...
Persistent link: https://www.econbiz.de/10009322636
Entrepreneurship is an important intangible asset of nations. The relatively recent progress in its measurement, mainly … with the Global Entrepreneurship Development Index (GEDI), suggests that previous questions related to its determinants and … effect of corruption reduction on GEDI and thus the positive relationship between an intangible good that is entrepreneurship …
Persistent link: https://www.econbiz.de/10011183135
for entrepreneurship by maximizing the welfare of the economy. We show that the corruption persists at the equilibrium …
Persistent link: https://www.econbiz.de/10011110700
entrepreneurship is fully taken into account, corporate taxation appears clearly as a direct tax on market adjustments and as an …
Persistent link: https://www.econbiz.de/10005786955
This paper has as objective to show the relationship between the Entrepreneurship and Economics and in this work we … example whose countries considered for studies edited by Global Entrepreneurship Monitor (GEM). We concluded that the … relationship between Entrepreneurship and Economics is and will be always strong on measure that entrepreneurship is important to …
Persistent link: https://www.econbiz.de/10005616973