Similar Search Results

Economic Development as a Matter of Political Geography

Druck, Pablo; Streb, Jorge M. - Universidad del CEMA - 2001

We start out from the hypothesis that limited government leads to low uncertainty and low transaction costs. If … political institutions affect the degree of uncertainty and transaction costs, we formally show they should affect the steady … state level of income per capita. The impact of uncertainty and transaction costs on income per capita is formalized in a …

Persistent link: https://www.econbiz.de/10005668472

Rational Expectations in Price Setting. Tests Based on Norwegian Export Prices

Svendsen, Ingvild - Statistisk Sentralbyrå, Government of Norway - 1998

This paper uses imperfect competition as a basis for modelling the export price for an aggregated commodity produced by the Norwegian private mainland economy. The long run solution is analysed using a cointegration technique. The dynamics are modelled according to two different approaches; a...

Persistent link: https://www.econbiz.de/10004980524

Expectations in Export Price Formation Tests using Cointegrated VAR Models

Boug, Pål; Cappelen, Ådne; Swensen, Anders R. - Statistisk Sentralbyrå, Government of Norway - 2000

The formation of export prices is an area in which the linear quadratic adjustment cost (LQAC) model under rational expectations may be relevant in practice. This paper evaluates the empirical performance of the LQAC-model using Norwegian data and a new testing procedure suggested by Johansen...

Persistent link: https://www.econbiz.de/10004980930

Munkahely a közszférában: Biztonság és hivatás, a szubjektív szempontok szerepe

Molnár, György; Kapitány, Zsuzsa - 2013

Sorting into public sector jobs may be motivated not only by the available income but also by other aspects, such as stronger demand for security or for social usefulness. The demand for larger job security - beside other factors - can be the consequence of family circumstances. We have...

Persistent link: https://www.econbiz.de/10010494736

Munkahely a közszférában : biztonság és hivatás, a szubjektív szempontok szerepe

Molnár, György; Kapitány, Zsuzsa - 2013

Persistent link: https://www.econbiz.de/10009719060

Beyond Earthquakes: The New Directions of Expected Utility Theory

Zurita, Felipe - In: Latin American Journal of Economics-formerly Cuadernos … 42 (2005) 126, pp. 209-255

Over the past two decades, an enormous amount of work has been done to improve the Expected Utility model. Two areas have attracted major attention: the possibility of describing unforeseen contingencies and the need to accomodate the kind of behavior ref

Persistent link: https://www.econbiz.de/10005812177