Showing 1 - 10 of 23
Persistent link: https://www.econbiz.de/10011091454
This paper analyzes the effect of monetary uncertainty on the inflationary bias and the variance of output and inflation. Monetary policy uncertainty is modeled as a shock to the central banker’s preference for inflation stabilization relative to output stabilization that cannot be observed by...
Persistent link: https://www.econbiz.de/10011092355
Yang s theory of economic specialization under increasing returns to scale (Yang 2001) is a formal development of the fundamental Smith-Young theorem on the extent of the market and the social division of labor.In this theory specialization and, thus, the social division of labor is firmly...
Persistent link: https://www.econbiz.de/10011090467
Abstract: In this paper two cost sharing solutions for minimum cost spanning tree problems are introduced, the degree adjusted folk solution and the cost adjusted folk solution. These solutions overcome the problem of the classical reductionist folk solution as they have considerable strict...
Persistent link: https://www.econbiz.de/10011090555
Minimum cost spanning extension problems are generalizations of minimum cost spanning tree problems in which an existing network has to be extended to connect users to a source. This paper generalizes the definition of irreducible core to minimum cost spanning extension problems and introduces...
Persistent link: https://www.econbiz.de/10011090585
in networks for exploration there are good reasons, counter to the thesis of the 'strength of weak ties', for a dense … structure of ties that are strong in most dimensions.By contrast, in exploitation networks there are good reasons for structures … that are non-dense, with ties that are strong in other dimensions than in networks for exploration. …
Persistent link: https://www.econbiz.de/10011091255
specified concerning differences between networks for exploration and exploitation, and concerning combinations and transitions …
Persistent link: https://www.econbiz.de/10011091276
AMS classsifications: 05C50; 05E99; 94C15;
Persistent link: https://www.econbiz.de/10011091419
We consider a situation in which a group of banks consider connecting their Automated TellerMachines (ATMs) in a network, so that the banks customers may use ATMs of any bank in the network.The problem studied is that of allocating the total transaction costs arising in the network, among the...
Persistent link: https://www.econbiz.de/10011091439
Minimum cost spanning extension problems are generalizations of minimum cost spanning tree problems (see Bird 1976) where an existing network has to be extended to connect users to a source. In this paper, we present two cost allocation rules for these problems, viz. the proportional rule and...
Persistent link: https://www.econbiz.de/10011091569