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Marktstruktur, Wettbewerb und Innovation

Caspari, Volker - 2001

Persistent link: https://www.econbiz.de/10010323724

"To use the words of Keynes...": Olivier J. Blanchard on Keynes and the "Liquidity Trap"

Barens, Ingo - 2011

interest, is seen as one of Keynes's important and lasting contributions to economic theory and to the understanding of the …).3 Unfortunately, the account given there of a supposed connection between Keynes's analysis in his General Theory of Employment … before the publication of Keynes's General Theory of Employment, Interest and Money. …

Persistent link: https://www.econbiz.de/10010323726

Passive investment strategies and financial bubbles

Fischer, Thomas - 2012

In this paper, a model of bounded rational investors investing their portfolio in a passive investment vehicle (e.g., an Exchange Traded Fund replicating a broad index) or an actively managed fund is presented. The model proposes that the quick reswitching of these short-term oriented investors...

Persistent link: https://www.econbiz.de/10010323727

"Love of Wealth" and economic growth

Rehme, Günther - 2011

This paper complements research on how love of wealth bears on key variables in a Ramsey-Cass-Koopmans growth framework. It is shown that for an optimum the social planner cannot have an excessive love of wealth. If the planner has the right love of wealth an optimum exists and implies higher...

Persistent link: https://www.econbiz.de/10010323732

Separating environmental efficiency into production and abatement efficiency: A nonparametric model with application to U.S. power plants

Hampf, Benjamin - 2011

In this paper we present a new approach to evaluate the environmental efficiency of decision making units. We propose a model that describes a two-stage process consisting of a production and an end-of-pipe abatement stage with the environmental efficiency being determined by the efficiency of...

Persistent link: https://www.econbiz.de/10010323737

A Monte Carlo study of old and new frontier methods for efficiency measurement

Krüger, Jens - 2010

This study presents the results of an extensive Monte Carlo experiment to compare different methods of efficiency analysis. In addition to traditional parametric-stochastic and nonparametric-deterministic methods recently developed robust nonparametric-stochastic methods are considered. The...

Persistent link: https://www.econbiz.de/10010323742

News reaction in financial markets within a behavioral finance model with heterogeneous agents

Fischer, Thomas - 2011

This paper presents a Heterogeneous Agent Model of a financial market with chartist and fundamentalist traders that exhibit bounded rationality and short-term thinking to explain the effect of under and overreaction to news. The existence of the Market Maker's finite price adjustment speed leads...

Persistent link: https://www.econbiz.de/10010323743

Labour market asymmetries in a monetary union

Andersen, Torben M.; Seneca, Martin - 2008

This paper takes a first step in analysing how a monetary union performs in the presence of labour market asymmetries. Differences in wage flexibility, market power and country sizes are allowed for in a setting with both country-specific and aggregate shocks. The implications of asymmetries for...

Persistent link: https://www.econbiz.de/10010323747

Foreign direct investment and search unemployment theory and evidence

Schmerer, Hans-Jörg - 2012

This paper proposes a simple multi-industry trade model with search frictions in the labor market. Unimpeded access to global financial markets enables capital owners to invest abroad, thereby fostering unemployment at the extensive industry margin. Whether a country benefits from FDI in terms...

Persistent link: https://www.econbiz.de/10010323793

Asymmetric information and overeducation

Mendolicchio, Concetta; Paolini, Dimitri; Pietra, Tito - 2012

Wir untersuchen den theoretischen Fall einer Ökonomie in der zwei verschiedene Ausbildungstypen in der Produktion verwendet werden. Die Arbeitskräfte sind heterogen in Hinblick auf ihre Fähigkeiten und selektieren sich durch unterschiedlich hohe Investitionen in Humankapital in einen der...

Persistent link: https://www.econbiz.de/10010323814