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...
Real world investors differ in their tastes and attitudes and they do not have, in general, perfect information about the future prospects of the econ...
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...
In this book, time use behavior within households is modeled as the outcome of a bargaining process between family members who bargain over household ...
Since the fundamental work of Walras (1874), markets have received particular attention by economists because they lead to an efficient allocation of goods and services. However, the proper functioning of markets rests on certain assumptions. For instance, the good or ser vice which is to be traded must be clearly defined. This elementary requirement is often violated in reality, in particular when services are concerned. Consider the example of railway workers who are hired to lay tracks. A labour contract which stipulates a fixed wage and defines the workers' task as "laying tracks" is...
Since the fundamental work of Walras (1874), markets have received particular attention by economists because they lead to an efficient allocation of ...
Modern Europe has rural roots. Even today, as much as 90 per cent of Europe (EU25) consists of rural areas in which half of the population lives. While different rural areas often face different challenges, the shift from agricultural production towards a multifunctional landscape and the increasing value assigned to environmental values affect all rural areas.
The ambition to develop a more diversified rural economy, as well as the bottom-up approach and local focus of many rural policies, require a clear knowledge of the current socio-economic function of towns and town-hinterland...
Modern Europe has rural roots. Even today, as much as 90 per cent of Europe (EU25) consists of rural areas in which half of the population lives. W...
Explains how government support and institutional set up facilitated the evolution of the Indian pharmaceutical industry and provides an economic analysis of firm strategies due to recent policy changes. The book is useful for researchers interested in understanding the transition of a lifeline sector for an emerging economy like India.
Explains how government support and institutional set up facilitated the evolution of the Indian pharmaceutical industry and provides an economic anal...
Modern Europe has rural roots. Even today, as much as 90 per cent of Europe (EU25) consists of rural areas in which half of the population lives. While different rural areas often face different challenges, the shift from agricultural production towards a multifunctional landscape and the increasing value assigned to environmental values affect all rural areas.
The ambition to develop a more diversified rural economy, as well as the bottom-up approach and local focus of many rural policies, require a clear knowledge of the current socio-economic function of towns and town-hinterland...
Modern Europe has rural roots. Even today, as much as 90 per cent of Europe (EU25) consists of rural areas in which half of the population lives. W...
This book explains how government support and institutional set up facilitated the evolution of the Indian pharmaceutical industry and provides an economic analysis of firm strategies due to recent policy changes. The book is useful for researchers interested in understanding the transition of a lifeline sector for an emerging economy like India. Students of public policy, health administrators and health economists who are interested in the functioning of the pharmaceutical sector that produces life saving drugs in developing nations will find this book useful. The book also provides good...
This book explains how government support and institutional set up facilitated the evolution of the Indian pharmaceutical industry and provides an eco...
This book studies the economic recovery of individual European Union member states more than ten years after the beginning of the global economic crisis. In light of austerity policies and conservative government investments in many EU countries, it explores how higher growth rates can be achieved by stimulating firms and economic sectors with a high accelerator potential. The contributing authors analyze the effects of EU policies on small and medium-sized enterprises (SMEs), while also studying EU policies with the potential to foster investments and economic growth. Furthermore the book...
This book studies the economic recovery of individual European Union member states more than ten years after the beginning of the global economic cris...
This book examines the business models, performance, and decision-making approaches employed by financial institutions in Central and Southeast Europe. The respective contributions cover a wide range of industries, including banking, pharmaceuticals, and airline business services, and present both theoretical and empirical studies that highlight economy-wide risks and opportunities for European companies.
The book is divided into four parts, the first of which provides a critical assessment of the competitiveness and performance of European companies, while the second examines...
This book examines the business models, performance, and decision-making approaches employed by financial institutions in Central and Southeast Eur...
This book depicts and reveals the socioeconomic dynamics of the COVID-19 crisis, and its global, regional, and local perspectives. Explicitly interdisciplinary, this volume embraces a wide spectrum of topics across economics, business, public management, psychology, and public health. Written by global experts, each chapter offers a snapshot of an emerging aspect of the COVID-19 crisis for the benefit of academics and students, as well as the institutional, economic, social, and developmental policymakers and health practitioners on the ground.
This book depicts and reveals the socioeconomic dynamics of the COVID-19 crisis, and its global, regional, and local perspectives. Explicitly inter...
