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Pricing of IT products often becomes a huge challenge for most managers of product development teams, especially if the product is new to the specific category. This challenge arises since the potential clients on being contacted seldom is able calculate the returns on his investment on the...
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This paper introduces a process of individual adjustment based on private local experiences and observation that allows for the emergence of a global social structure that is the equilibrium to the static follow-the-leader game of Goldbaum (2013). The setting rewards agents for being early...
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This paper examines the implications of segmented assets markets for the real and nominal effects of monetary policy. I develop a model, in which varieties of consumption bundles are purchased sequentially. Newly injected money thus disseminates slowly through the economy via second-round...
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to explain this phenomenon. One theory claims that individuals hold different preferences in their consumer role than in … accepted theory assumes that individuals' most favored preference is to free ride whenever possible. Thus, a Prisoner's Dilemma … and other explanations, as well as their normative implications, and proposes an alternative theory. It rejects the claim …
Persistent link: https://www.econbiz.de/10014219707