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I present and solve the problem of a producer who faces costs of acquiring, absorbing, and processing information. I establish a series of theoretical results describing the producer's behaviour. First, I find the conditions under which she prefers to set a plan for the price she charges, or...
Persistent link: https://www.econbiz.de/10005504647
Monetary policy affects both real variables, such as employment, unemployment and output and nominal variables such as nominal interest and inflation rates. For close to a decade the principal focus of monetary policy has been on inflation. During a recession, or when one appears imminent, the...
Persistent link: https://www.econbiz.de/10004971339
and production decisions. We show how this methodology can be used to determine an optimal sequence of price …. We compare and contrast the high-low model with the conventional microeconomic model of pricing and production. We show … how the firm uses its pricing and production decisions to partition the uncertainty interval it faces and thereby …
Persistent link: https://www.econbiz.de/10005656333
and expanding private sector that sells imported products. Trade among former Comecon countries remains difficult in spite … of the recent free trade agreement between Visegrád countries. The Czech Republic and Poland currently have a more … contribution of the new, private firms in the Czech Republic to find that production and employment in the clothing industry …
Persistent link: https://www.econbiz.de/10005136480
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 … Romania, the results are somewhat mixed; state-owned enterprises do worse than employee-owned (privatized) and newly …
Persistent link: https://www.econbiz.de/10005498145
We provide comprehensive analysis of the isolation program for financially distressed firms in Romania. The results …
Persistent link: https://www.econbiz.de/10005666566
-level data from Romania, this study examines how the presence of global retail chains affects firms in the supplying industries …
Persistent link: https://www.econbiz.de/10005791348
We identify the presence of soft budgets and analyse their impact on enterprise restructuring in Romania over the …
Persistent link: https://www.econbiz.de/10005123818
Differences in regional unemployment in post-communist economies are large and persistent. We show that inherited variation in human-capital endowment across the regions of four such economies explains the bulk of regional unemployment variation there and we explore potential explanations for...
Persistent link: https://www.econbiz.de/10005136518
The paper surveys the interactions between aid and trade, distinguishing between policies and outcomes as well as … recipient’s welfare via the trade channel, before turning to the empirical and institutional literature on the topic. It …
Persistent link: https://www.econbiz.de/10005504233