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profit and the investor's excess wealth, a well-specified theory of residual income is generated: one is the standard theory …, which historically traces back to Hamilton (1777) and Marshall (1890) and is a deep-rooted notion in economic theory …), the theory is enfolded in Keynes's (1936) notion of user cost and is naturally generated by an arbitrage-theory …
Persistent link: https://www.econbiz.de/10005619494
This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...
Persistent link: https://www.econbiz.de/10009647230
Starting from February 2007 world market is facing what we call enantiodromia. The indices are correcting. It is not known whether this is the final correction but there is no doubt that the bubble has burst and air out of it is gushing out slowly (fast on an extended time frame). The biggest...
Persistent link: https://www.econbiz.de/10005619908
Book review of Stiglitz, J. E.; Greenwald, B. (2005): "Towards a New Paradigm in Monetary Economics", Cambridge University Press
Persistent link: https://www.econbiz.de/10005551544
Mathematical economics is compared and contrasted with mathematical engineering. Engineers use mathematics where it is practical and cost-effective, sometimes cutting corners, and leaving theorems and derivations to professional mathematicians. In contrast, papers by mathematical economists are...
Persistent link: https://www.econbiz.de/10008484315
We study the dynamic stability of networks in a two-sided economy of agents labelled men and women. Each agent desires relationships with the other type, but having multiple partners is costly. This cost-benefit trade-off results in each agent having a single-peaked utility function, the peak...
Persistent link: https://www.econbiz.de/10011113316
Zu den atypischen Beschaeftigungsverhaeltnissen zaehlen wir im Folgenden (im Sinne einer Nominaldefinition) Teilzeit, geringfuegige Beschaeftigung/Mini- und Midijobs, befristete Beschaeftigung, Leiharbeit, Werkvertraege sowie Solo-Selbststaendigkeit. Die dieses Schwerpunktheftes spiegeln sowohl...
Persistent link: https://www.econbiz.de/10010856868
This paper aims to promote reflection on the viability and applicability of participatory methodologies, particularly action research, in the area of health. First it shows the human action which is socially conditioned and encompasses many different aspects is the main source of knowledge in...
Persistent link: https://www.econbiz.de/10010856869
Sustainable development has been now for more than 15 years, at the center of the objectives of the EU, being already enshrined in the Amsterdam Treaty of 1997. The basic concern of this now ubiquitous term is to assure the current generation’s demands will be fulfilled without endangering the...
Persistent link: https://www.econbiz.de/10010929274
The use of pesticides on the farm is largely governed by voluntary behavior. It is important to understand what drives farmer’s behavior of pesticide use. Health belief models in public health and social psychology argue that persons who have had adverse health experiences are likely to...
Persistent link: https://www.econbiz.de/10005079328