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In this paper, we investigate the relationship between market dynamics, dynamic resource management and environmental policy. In contrast to static market entry games, this paper draws attention to the effects of market dynamics on resource dynamics et vice versa, because (1) we show that...
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) for hedging purposes. Regulation is found to induce the risk-neutral bank to behave in a more risk-sensitive way: Compared … to a situation without regulation the optimal volume of loans decreases more as the riskiness of loans increases. CDS … trading is found to interact with the former effect when regulation accepts CDS as an instrument to mitigate credit risk …
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Strategic environmental policy games are usually based on simultaneous decision making and reach the conclusion that the policy choices are strategic substitutes. Empirical evidence, however, shows that the introduction of a regulatory instrument usually follows a consecutive pattern that is...
Persistent link: https://www.econbiz.de/10010291749
This paper introduces the reader into the apparatus behind the popular New Keynesian Phillips (NKPC) curve. It derives several log-linear versions of this curve and recursive formulations of the Calvo-Yun price staggeringmodel that is behind this curve. These formulations can be used for...
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Preliminaries -- Table of Contents; Introduction -- Theorie der wirtschaftlichen Entwicklung -- The Theory of Economic …. Schumpeter's "Soziologie des Geldes" -- Adaptation Without Attribution? -- The Missing Chapter in Schumpeter's The Theory of …
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