This volume examines the economics of platform structure and firm competition within and between online markets. It also details modern theoretical treatments of regulatory intervention in online markets and the consideration of forward-looking experimental analysis of demand for yet to be provided services. The volume is divided into three parts: innovation and competition in online markets; regulation, pricing and evaluation with real options; and empirical approaches to market analysis.
This volume examines the economics of platform structure and firm competition within and between online markets. It also details modern theoretical...
EU membership involves political and economic reforms which influence financial markets in the new member states. This study explores and quantifies the effects of EU accession on the risk and return of equity markets in eight Central and Eastern European markets joining the EU in 2004.
EU membership involves political and economic reforms which influence financial markets in the new member states. This study explores and quantifies t...
Regional development is attracting the attention of policy makers and scientists again, as regions, urban centers and rural areas, experience substantial pressures, particularly in Europe, as a consequence of globalization and geopolitical changes which lead to changes in spatial structures and dynamics.
This book is based on the contributions of Greek regional science research presented at the 2006 Congress of the European Regional Science Association at Volos, Greece.
The contributions selected to be presented in this book address these changes offering a fresh look into regional...
Regional development is attracting the attention of policy makers and scientists again, as regions, urban centers and rural areas, experience subst...
The debate on the future of the aviation sector and the viability of its traditional business practices is the core of this book. The liberalization of the EU market in the 1990s has radically modi?ed the competitive environment and the nature of airline competition. Furthermore, the new millennium began with terrorist attacks, epidemics, trade globalization, and the rise of oil prices, all of which combined to push the industry into a perfect storm . Airline industry pro?tability has been an elusive goal for several decades and the recent events has only accentuated existing weaknesses. The...
The debate on the future of the aviation sector and the viability of its traditional business practices is the core of this book. The liberalization o...
This book considers public debt dynamics in various endogenous growth mod els, namely the AK model and explicit models of innovation and human cap ital accumulation. Furthermore, the closed economy, the small open economy and a two-country world are analysed. In the closed economy model, the focus is on budget deficit and public debt dynamics and their influence on capital growth and output growth. Then, in the open economy model, the effects on foreign debt growth are considered. In a two-country setting, public debt growth in one country affects growth in the other country. In each scenario...
This book considers public debt dynamics in various endogenous growth mod els, namely the AK model and explicit models of innovation and human cap ita...
In writing this book, I increasingly became aware of the extent to which much of the finest social science research has been devoted to the issue of unemployment. Unemployment rightly is a key issue in the social sciences for search of social and political answers to the economic, social and psychological distress caused by un certainty and macroeconomic change. I was glad to find my own worries shared by eminent and respected scholars: George Akerlof once confessed to pursue the study of unemployment ultimately because of his father's distress from fear of un employment, and Wout Ultee...
In writing this book, I increasingly became aware of the extent to which much of the finest social science research has been devoted to the issue of u...
1.1 A Brief Overview An extensive body of empirical and theoretical literature deals with the mea surement of social welfare. This body can be decomposed in several different but related topics, all of which have implications for empirical studies in wel fare economics. One of these topics are household equivalence scales which help to compare welfare levels across households that differ in composition. An equivalence scale relates the income of any arbitrary household type to the income ofa referencehouseholdsuch that both households are equally well-off. Differences in household needs arise...
1.1 A Brief Overview An extensive body of empirical and theoretical literature deals with the mea surement of social welfare. This body can be decompo...
The first of January 1999 marked the beginning of a macroeconomic experi ment without precedent in modern history. For the first time eleven European countries agreed to abolish their local currencies in favour of a single one, the Euro. Not surprisingly, the necessary preparatory process has been accompa nied by an intensive discussion about the best way to manage the new Euro currency properly. To spur on that discourse was the principal motivation for this thesis. The introductory chapter attempts to bridge economic and econometric views on money demand analysis. It should help to motivate...
The first of January 1999 marked the beginning of a macroeconomic experi ment without precedent in modern history. For the first time eleven European ...
Telecommunications are increasingly recognized as a key component in the infrastructure of economic development. For many years, there were state-owned monopolies in the telecommunications sector. In transition economies, they were characterized by especially poor performance and high access deficits, as telecommunications were considered to be a non-profit-oriented production process intended to support the socio-economic superstructures. As a result, the starting point for the reform processes in transition countries was quite poor performed public monopolies, functioned under completely...
Telecommunications are increasingly recognized as a key component in the infrastructure of economic development. For many years, there were state-o...
New developments in assessing and managing risk are discussed in this volume. Addressing both practitioners in the banking sector and research institutions, the book provides a manifold view on the most-discussed topics in finance. Among the subjects treated are important issues such as: risk measures and allocation of risks, factor modeling, risk premia in the hedge funds industry and credit risk management. The volume provides an overview of recent developments as well as future trends in the area of risk assessment.
New developments in assessing and managing risk are discussed in this volume. Addressing both practitioners in the banking sector and research inst...
