NBER WORKING PAPER SERIES PERVASIVE STICKINESS (EXPANDED VERSION) N. Gregory Mankiw Ricardo Reis
... with the lower end of the estimates in Susanto Basu and John G. Fernald (1995). For technology, we assume that γ = 10 so the wage markup is about 11% and that the labor ...
... with the lower end of the estimates in Susanto Basu and John G. Fernald (1995). For technology, we assume that γ = 10 so the wage markup is about 11% and that the labor ...
Chapter 9 High Road Capitalism
... economic environment and that government regulations mostly just get in the way of energetic entrepreneurs and are thus ultimately harmful to prosperity. While the economic crisis that began in 2008 may signal a change in this faith in the free market and hostility to government, conservative politi ...
... economic environment and that government regulations mostly just get in the way of energetic entrepreneurs and are thus ultimately harmful to prosperity. While the economic crisis that began in 2008 may signal a change in this faith in the free market and hostility to government, conservative politi ...
analysis of the competitive leverage of protective tariffs
... by applying International Financial Statistics data following the approach from a 1986 case study of the effects of protectionist legislation in the United States, over intermittent periods between 1891 and 1977.1 Sixteen protected industries were studied from their various dates of implementation a ...
... by applying International Financial Statistics data following the approach from a 1986 case study of the effects of protectionist legislation in the United States, over intermittent periods between 1891 and 1977.1 Sixteen protected industries were studied from their various dates of implementation a ...
Marxian Political Economy: Legacy and Renewal
... may be transferred to a salaried manager. This manager is surrounded by a large group of employees, not only clerical workers in the strict sense (for example, accountants) but also commercial personnel. It is important to recall that Marx does not consider these agents as “productive workers” in th ...
... may be transferred to a salaried manager. This manager is surrounded by a large group of employees, not only clerical workers in the strict sense (for example, accountants) but also commercial personnel. It is important to recall that Marx does not consider these agents as “productive workers” in th ...
Sanford
... intermediate goods industry knows that the unobserved price of his output is determined by (1) the technological shock that determines which final goods industry uses his output intensively and (2) the price of the final good that uses his output intensively. When there is very little relative price ...
... intermediate goods industry knows that the unobserved price of his output is determined by (1) the technological shock that determines which final goods industry uses his output intensively and (2) the price of the final good that uses his output intensively. When there is very little relative price ...
A new market economy?
... borrow money for home improvement and/or small, private business. The Mondragon Group, on the other hand, has a strict business focus. Credits are for investments, in order to develop new and current business and to acquire already existing companies. So, is there any real difference between Mondrag ...
... borrow money for home improvement and/or small, private business. The Mondragon Group, on the other hand, has a strict business focus. Credits are for investments, in order to develop new and current business and to acquire already existing companies. So, is there any real difference between Mondrag ...
Chapter 7
... over the failed corporations, would have more coupons. Thus, forbidding the exchange between money and coupons by itself cannot prevent social polarization, even if it would work. How about another check against the tendency of social polarization--coupons cannot be inherited and must be returned to ...
... over the failed corporations, would have more coupons. Thus, forbidding the exchange between money and coupons by itself cannot prevent social polarization, even if it would work. How about another check against the tendency of social polarization--coupons cannot be inherited and must be returned to ...
Outsourcing and HRM
... Other market mechanisms include: • Reputation of the search firm if they find a weak candidate • Quick and effective feedback regarding vendor performance is likely to emerge in this setting ...
... Other market mechanisms include: • Reputation of the search firm if they find a weak candidate • Quick and effective feedback regarding vendor performance is likely to emerge in this setting ...
NBER WORKING PAPER SERIES A DYNAMIC SPATIAL MODEL Paul Krugman Paper No. 4219
... Lösch (1940), this theory emphasizes the tradeoff between economies of scale and transportation costs. Central place theory suggests that the attempts of firms to make the best of this tradeoff should lead to the emergence of a lattice of production sites roughly evenly spaced across the landscape, ...
... Lösch (1940), this theory emphasizes the tradeoff between economies of scale and transportation costs. Central place theory suggests that the attempts of firms to make the best of this tradeoff should lead to the emergence of a lattice of production sites roughly evenly spaced across the landscape, ...
What Is an Economy?
... those resources to produce and distribute the goods and services for its people. Countries have varying amounts of resources. Some have fertile land for farming, but limited capital. Others may have limited natural resources, but they compensate with a highly educated labor force. ...
... those resources to produce and distribute the goods and services for its people. Countries have varying amounts of resources. Some have fertile land for farming, but limited capital. Others may have limited natural resources, but they compensate with a highly educated labor force. ...
CHAPTER 2 - The Management Environment
... markets crashing and gasoline at record highs. C. What Will the New Normal be Like? 1. U.S. economic system - based mostly on capitalistic principles 2. Trade and industry are controlled privately, not by the government. 3. The U.S. system included a corporate model of ownership and organization, la ...
... markets crashing and gasoline at record highs. C. What Will the New Normal be Like? 1. U.S. economic system - based mostly on capitalistic principles 2. Trade and industry are controlled privately, not by the government. 3. The U.S. system included a corporate model of ownership and organization, la ...
REGIONAL INTEGRATION AND MIGRATION: AN ECONOMIC
... workers on the factory floor and in advanced services companies are the sources of innovations and ideas. The wealth of regions and nations in the 21st century economies is largely based on this human infrastructure (Florida, 1995). Consequently, a region with a more skilled labour force is likely t ...
... workers on the factory floor and in advanced services companies are the sources of innovations and ideas. The wealth of regions and nations in the 21st century economies is largely based on this human infrastructure (Florida, 1995). Consequently, a region with a more skilled labour force is likely t ...
Ch01 Introduction-to-Economy Multiple Choice Questions 1. In
... 19. Which of the following statements most likely lies within the realm of microeconomics? A. Unemployment rises during a recession and falls during an expansion. B. An increase in government spending will increase the aggregate demand for goods and services in the economy. C. A rapid acceleration o ...
... 19. Which of the following statements most likely lies within the realm of microeconomics? A. Unemployment rises during a recession and falls during an expansion. B. An increase in government spending will increase the aggregate demand for goods and services in the economy. C. A rapid acceleration o ...
Measuring the Size and Scope of the Cooperative Economy: Results
... A strong argument could be made that in measuring cooperative employment relative to only the adult population in a country should be used. However, for consistency we also use total population in this measure. It should also be noted that these employment figures are considered formal employment an ...
... A strong argument could be made that in measuring cooperative employment relative to only the adult population in a country should be used. However, for consistency we also use total population in this measure. It should also be noted that these employment figures are considered formal employment an ...
Y k
... impose on choice sets is a major step toward unifying social science research [North, 1990, p. 5].” ...
... impose on choice sets is a major step toward unifying social science research [North, 1990, p. 5].” ...
Review of Radical Political Economics. by URPE ISSN:
... Bowles and Gintis's more important claim: The growth in the social wage undermined capitalist control over the workplace. No direct relationship exists between the net social wage and wage dependence. Table I presents hypothetical data for an individual worker's social wage, tax payments to the gove ...
... Bowles and Gintis's more important claim: The growth in the social wage undermined capitalist control over the workplace. No direct relationship exists between the net social wage and wage dependence. Table I presents hypothetical data for an individual worker's social wage, tax payments to the gove ...
01_Section I_CH01
... economy? You might conduct a questionnaire survey asking consumers to rank the different products by level of importance. But this has a number of problems. It is costly, the respondents might not represent the views of all consumers and it might not be timely with the questionnaire only being carri ...
... economy? You might conduct a questionnaire survey asking consumers to rank the different products by level of importance. But this has a number of problems. It is costly, the respondents might not represent the views of all consumers and it might not be timely with the questionnaire only being carri ...
Institutionalist Theories of the Wage Bargain: Beyond
... care. Not only are most workers dependent on labor income for their current livelihood, but their skills decline when they are out of work. In addition, workers usually have less information than employers about industry and product demand. All of these lessen the bargaining power of workers relativ ...
... care. Not only are most workers dependent on labor income for their current livelihood, but their skills decline when they are out of work. In addition, workers usually have less information than employers about industry and product demand. All of these lessen the bargaining power of workers relativ ...
Justin Yifu Lin
... will make a firm incur losses in an open, competitive market. For example, if a firm adopts the technology represented by B, the firm is expected to incur a loss equivalent to the distance from C to C1. Market competition will make firms that adopt technologies other than A nonviable. Therefore, in ...
... will make a firm incur losses in an open, competitive market. For example, if a firm adopts the technology represented by B, the firm is expected to incur a loss equivalent to the distance from C to C1. Market competition will make firms that adopt technologies other than A nonviable. Therefore, in ...
Management - Amy Hissom
... these principles could be used not only in business organizations but also in government, the military, religious organizations, and financial institutions. Fayol's principles were not meant to be exhaustive. Rather, his aim was to provide managers with the necessary building blocks to serve as guid ...
... these principles could be used not only in business organizations but also in government, the military, religious organizations, and financial institutions. Fayol's principles were not meant to be exhaustive. Rather, his aim was to provide managers with the necessary building blocks to serve as guid ...
PDF
... To address this question, we construct a model in which the developing country produces a single consumption good, using a combination of skilled and unskilled labor. After fully characterizing the closed economy, we introduce the prospect of migration by incorporating a migration quota, set by the ...
... To address this question, we construct a model in which the developing country produces a single consumption good, using a combination of skilled and unskilled labor. After fully characterizing the closed economy, we introduce the prospect of migration by incorporating a migration quota, set by the ...
Applying the VRIO Framework
... 1. The Question of Value: Does a resource enable a firm to exploit an environmental opportunity, and/or neutralize an environmental threat? 2. The Question of Rarity: Is a resource currently controlled by only a small number of competing firms? [are the resources used to make the products/services o ...
... 1. The Question of Value: Does a resource enable a firm to exploit an environmental opportunity, and/or neutralize an environmental threat? 2. The Question of Rarity: Is a resource currently controlled by only a small number of competing firms? [are the resources used to make the products/services o ...
Department of Small Business Development Strategic Plan 2015
... • To achieve that end, it points to the need to grow employment, support productivity and efficiency gains and move toward greater equality. • To reach these aims it proposes – more affordable and efficient infrastructure provision linked to higher levels of public investment; – substantial improvem ...
... • To achieve that end, it points to the need to grow employment, support productivity and efficiency gains and move toward greater equality. • To reach these aims it proposes – more affordable and efficient infrastructure provision linked to higher levels of public investment; – substantial improvem ...
1Economics for business
... that occurs through prices. Firms ordinarily set a price that indicates their willingness to sell. Consumers communicate their willingness to buy by purchasing the product at the given price. The problem of what should be produced and what should not be produced is solved by the price system. The co ...
... that occurs through prices. Firms ordinarily set a price that indicates their willingness to sell. Consumers communicate their willingness to buy by purchasing the product at the given price. The problem of what should be produced and what should not be produced is solved by the price system. The co ...
chapter summary – chapter 2 - UL2011-2012
... Parker Follett, and Chester Barnard) were varied and distinct, but all believed that people were the most important asset of the organization and should be managed accordingly. (See Exhibit 2-5.) The Hawthorne Studies had a dramatic impact on management beliefs ...
... Parker Follett, and Chester Barnard) were varied and distinct, but all believed that people were the most important asset of the organization and should be managed accordingly. (See Exhibit 2-5.) The Hawthorne Studies had a dramatic impact on management beliefs ...