Investment And Exit Decisions At The Plant Level

Author : Joachim Winter
Publisher : Springer Science & Business Media
Page : 192 pages
File Size : 55,9 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642998034

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Investment and Exit Decisions at the Plant Level by Joachim Winter Pdf

This book develops a dynamic programming framework for the analysis of firms' joint investment and market exit decisions and reviews methods for econometric estimation of such models. In an empirical application of this framework, a version of this model that allows for financial constraints is estimated by structural methods, using a plant-level dataset for a sample of U.S. firms. The empirical analysis shows that both the plant's productivity and firm-level financial constraints have important effects on plant-level investment and exit decisions. The main contribution of the book to the empirical investment literature is the application of a mixed discrete-continuous Markov process framework to investment and exit decisions, and the structural estimation using a full-information maximum-likelihood method, the nested fixed-point algorithm.

Author : Daniel J. Kovenock
Publisher : Unknown
Page : 128 pages
File Size : 54,9 Mb
Release : 1995
Category : Electronic
ISBN : OCLC:535398831

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Capital Structure and Product Market Behavior by Daniel J. Kovenock Pdf

Author : United States. Congress. Joint Economic Committee
Publisher : Unknown
Page : 64 pages
File Size : 54,7 Mb
Release : 1962
Category : Capital investments
ISBN : UIUC:30112026209426

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Variability of Private Investment in Plant and Equipment: Some elements shaping investment decisions by United States. Congress. Joint Economic Committee Pdf

Author : Anonim
Publisher : Unknown
Page : 84 pages
File Size : 40,8 Mb
Release : 1988
Category : United States
ISBN : MINN:31951D01941416W

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Center for Economic Studies Discussion Paper by Anonim Pdf

Author : Frank Riedel
Publisher : Springer Science & Business Media
Page : 119 pages
File Size : 51,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642576638

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Imperfect Information and Investor Heterogeneity in the Bond Market by Frank Riedel Pdf

Real world investors differ in their tastes and attitudes and they do not have, in general, perfect information about the future prospects of the economy. Most theoretical models, however, assume to the contrary that investors are homogeneous and perfectly informed about the market. In this book, an attempt is made to overcome these shortcomings. In three different case studies, the effect of heterogeneous time preferences, heterogeneous beliefs and imperfect information about the economy's growth on the term structure of interest rates are studied. The initial chapter gives an introduction to the theory of financial markets in continuous time under imperfect information and establishes the existence of an equilibrium with complete markets.

Author : Chisato Yoshida
Publisher : Springer Science & Business Media
Page : 158 pages
File Size : 51,5 Mb
Release : 2012-12-06
Category : Social Science
ISBN : 9783642576935

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Illegal Immigration and Economic Welfare by Chisato Yoshida Pdf

Illegal immigration is a problem to not only a labor importing country but also to a labor exporting country, since the implementation of strict immigration policies, i.e., border patrol and employer sanctions, affects both economies. The purpose of this book is to complement previous studies on deportable aliens. The effects of such enforcement policies on the income or welfare of the foreign (labor exporting) country, the home (labor importing) country, and the combined (global) income of the two countries are examined.

Author : Miriam Beblo
Publisher : Springer Science & Business Media
Page : 139 pages
File Size : 40,7 Mb
Release : 2012-12-06
Category : Political Science
ISBN : 9783642575792

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Bargaining over Time Allocation by Miriam Beblo Pdf

In this book, time use behavior within households is modeled as the outcome of a bargaining process between family members who bargain over household resource allocation and the intrafamily distribution of welfare. In view of trends such as rising female employment along with falling fertility rates and increasing divorce rates, a strategic aspect of female employment is analyzed in a dynamic family bargaining framework. The division of housework between spouses and the observed leisure differential between women and men are investigated within non-cooperative bargaining settings. The models developed are tested empirically using data from the German Socio-Economic Panel and the German Time Budget Survey.

Author : Volker Grossmann
Publisher : Springer Science & Business Media
Page : 198 pages
File Size : 54,6 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642575945

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Inequality, Economic Growth, and Technological Change by Volker Grossmann Pdf

The book examines the relationship between inequality, growth and technological progress. It provides a broad overview of the existing literature and introduces specific, innovative aspects about the impact of inequality and redistribution on growth when growth is driven by human or physical capital investments, as well as the impact of technological progress and accumulation on the distribution of earnings. There is a special focus on the role of social comparison, redistributive taxation and new information technologies for the relationship between inequality and growth. The analytical part of the book mainly consists of endogenous growth models.

Author : Nico Heerink,Herman van Keulen,Marijke Kuiper
Publisher : Springer Science & Business Media
Page : 388 pages
File Size : 47,5 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642575587

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Economic Policy and Sustainable Land Use by Nico Heerink,Herman van Keulen,Marijke Kuiper Pdf

Since the 1980s many developing countries have implemented macro-economic policy reforms to curb inflation, reduce fiscal deficits and control foreign debt. The policy instruments used, such as exchange rate adjustment, budget cuts, trade policy reforms, public expenditure reviews and privatisation, have different and sometimes opposite consequences for agricultural land use. During the same period awareness was growing that deteriorating soil quality could become a limiting factor to increase or even sustain agricultural production. As a result, food availability and even accessibility for large population groups in developing countries may be jeopardised in the near future. Recently, quantitative models have made useful contributions to understanding the impact of economic policy reforms on the sustainability of land use. They provide a consistent analytical framework to deal with complex issues such as the direct and indirect effects of economic, agricultural, environmental and population policies, the role of market imperfections in transmitting economic policy signals, and the interactions between soil quality, agricultural production and household economic decision making. Different types of models can be distinguished: bio economic models, focussing on the link between farm household decisions and the agricultural resource base, household and village models, examining the impact of the socio-economic environment on farm household decisions, and more aggregate models, analysing interactions between sectors and their implications for sustainable land use.

Author : Joos P.A. van Vugt,Jan M. Peet
Publisher : Springer Science & Business Media
Page : 297 pages
File Size : 53,6 Mb
Release : 2012-12-06
Category : Political Science
ISBN : 9783642576768

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Social Security and Solidarity in the European Union by Joos P.A. van Vugt,Jan M. Peet Pdf

Since the 1970s social security in the European Union has been dominated by attempts at reform and cost control. In the last decade of the twentieth century these attempts have been strengthened by the coming European Economic and Monetary Union (EMU). This book offers an overview of the social security system and its development in Belgium, Denmark, France, Germany, Greece, Ireland, Italy, the Netherlands, Spain and the United Kingdom. The national contributions are preceded by an introduction on the development of social security in Europe till the present day, with special reference to the postwar process of European integration and its effects. The book is concluded by two essays. The first examines the danger and opportunities of European integration for social security. The second discusses ethical aspects: what effect will European integration have on the quality of social security in Europe?

Author : Johannes Bröcker,Hayo Herrmann
Publisher : Springer Science & Business Media
Page : 268 pages
File Size : 46,9 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642575525

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Spatial Change and Interregional Flows in the Integrating Europe by Johannes Bröcker,Hayo Herrmann Pdf

Within the broad frame of regional research in an international perspective, the contributions of this volume present new theoretical, methodological and empirical results as well as political strategies for the following topics: - ecomomic integration in the Baltic rim, - innovation and regional growth, - economic integration, trade and migration, - transport infrastructure and the regions. Most of the topics deal with the long-term integration process in Europe, with a particular focus on the North European and Baltic Sea integration.

Author : Nicole Pohl
Publisher : Springer Science & Business Media
Page : 235 pages
File Size : 48,6 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642576089

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Mobility in Space and Time by Nicole Pohl Pdf

The pure theory of international economics operates within a methodological framework of (static) equilibrium modelling. This sets a number of restrictions to its capability to explain empirical economic phenomena. A huge part of the scientific discourse takes place within this equilibrium framework. This is also true for new approaches like e.g. the New Economic Geography and models operating with market structures of oligopoly. This is why it is a courageous effort to try to cross the apparently unalterable borders set by equilibrium modelling. Most certainly this cannot be an end in itself. Especially the pure theory of international economics is still in many fields lacking adequate possibilities to deal with phenomena in space and time. These two dimensions have in common that they make the introduction of specific facets of movement, change, evolution - and therefore "mobility" - possible. Besides this "dynamic" component a point of view that includes space and time challenges us to find new possibilities to model heterogeneous agents. If these ideas are not so revolutionary in their content, the attempt to introduce them into a formal model is a big challenge. Moreover, it poses the question about the role of a theory of "international" economics in such a wider framework.

Author : Peter Meusburger,Heike Jöns
Publisher : Springer Science & Business Media
Page : 392 pages
File Size : 55,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642575846

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Transformations in Hungary by Peter Meusburger,Heike Jöns Pdf

During the first decade after the turn towards democracy and market economy, Hungary's society experienced profound changes. The book analyses related political, legal, institutional and socio-economic structures and processes in order to contribute to a further understanding of Hungary's ongoing transformation processes and its current situation as one of the leading candidates for EU membership. The topics include constitutive elements of a modern market economy as well as education, income structures, the poverty situation, post-communist voting behaviour, regional and urban development and Hungary's cross-border co-operations. The role of Budapest within the European city system and Hungary's economic situation within Europe are also discussed. Drawing together comprehensive empirical data and a geat variety of viewpoints, the book offers innovative examples of the application of different theoretical approaches to transformation studies and studies of economy and society in general.

Author : Alexander Karmann
Publisher : Springer Science & Business Media
Page : 254 pages
File Size : 51,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642576744

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Financial Structure and Stability by Alexander Karmann Pdf

The basic question of this book is what we can learn from empirical as well as theoretical analysis of financial systems, differing cross-sectional and changing structually over time, with respect to the issue of stability of financial systems. Part I of the book deals with stability issues in a globalizing financial world and addresses topics of convergence, domestic policy, financial bubbles, crises and international coordination. Part II is on banking systems. Country specific adoption and restructuring of (universal but also separation) banking systems are key problems for the industrialized economies, while catching-up is of major concern for the economies in transition. Feeble regional economies and subsidized banking is at the heart of the vivid dispute on public sector banking being taken up in Part III. The last Part is devoted to resource-oriented approaches in quantifiying financial development and risk of sovereign default.

Author : Friedel Bolle,Michael Carlberg
Publisher : Springer Science & Business Media
Page : 248 pages
File Size : 55,5 Mb
Release : 2001-01-26
Category : Business & Economics
ISBN : 3790813583

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Advances in Behavioral Economics by Friedel Bolle,Michael Carlberg Pdf

This volume is dedicated to Horst Todt who celebrated his seventieth an niversaryon March 14, 2000. All the contributors know Horst Todt personally and (with the exception of two younger co-authors) have accompanied his scientific career for sev eral years, some as his assistants, some as his colleagues at the Frankfurt or Hamburg University, some as fellow members in scientific societies. All who know him acknowledge inspiring conversations on a broad field of issues often reaching far beyond the scope of economics. Being friendly and entertaining and without exaggerated personal ambition he often initiated work which others completed. In particular the two editors of this volume experienced and enjoyed the stimulating atmosphere at his Chair of Economics at the Hamburg University. We like to remember these scientifically and personally fruitful years under the tutorship of Horst Todt. The editors would like to thank the contributors to this volume for their readiness to cooperate and for the promptness of their delivery.