Results 81 to 90 of about 145,178 (266)

THERMODYNAMIC MODEL OF CAPITAL EXTRACTION IN ECONOMIC SYSTEMS [PDF]

Interdisciplinary Description of Complex Systems, 2005
In this paper the properties of the wealth function of an economic system are studied. An economic analog of the Gibbs-Duhem equation is derived. Equilibrium states and limiting profit extraction regimes in non-equilibrium economic systems are obtained ...
A. A. Ahremenkov, N. A. Alimova, V. Kazakov, A. M. Tsirlin   +3 more
doaj  

Entrepreneurs, Sticky Competition and the Schumpeterian Cobb-Douglas Production Function [PDF]

In this paper, we institute the role of entrepreneurs in technical progress and the mechanism of tools multiplication into the Cobb Douglas Production Function. After the advancements, the technology component in the function has technical meaning and is
Mo, Pak Hung
core   +1 more source

Somebody Knows Something: Managerial Ability, Product Development, and Return‐on‐Investment in a Hit‐Driven Industry

Journal of Economics &Management Strategy, EarlyView.
ABSTRACT In hit‐driven industries, product development is associated with a right‐skewed unconditional distribution of performance, and products in the right tail have outsized impacts. Understanding how exceptional performance is generated can improve resource allocation, but the literature advances two different narratives: one emphasizes postrelease
Darren Filson
wiley   +1 more source

An Econometric Analysis of a Production Function for New Zealand [PDF]

Using the capital stock series recently released by Statistics New Zealand, two approaches have been employed to estimate a production function. The first approach is based on the estimation of a constant elasticity of substitution (CES) production ...
Kam Leong Szeto
core  

A Regional Water Optimal Allocation Model Based on the Cobb-Douglas Production Function under Multiple Uncertainties

, 2017
To optimize the water distribution of three industries based on the water demand prediction under multiple uncertainties, a fuzzy credibility-constrained interval two-stage stochastic programming (FCITSP) model base on the Cobb-Douglas production (CD ...
Fan Zhang, Q. Tan, Chenglong Zhang, Shanshan Guo, P. Guo   +4 more
semanticscholar   +1 more source

Financial Fragility and the Fiscal Multiplier

Journal of Money, Credit and Banking, EarlyView.
Abstract We show that undercapitalized banks with large holdings of government bonds subject to sovereign default risk lead to a new crowding‐out channel: deficit‐financed fiscal stimuli lead to higher bond yields, triggering capital losses for the banks. Banks then cut back loans, which reduces fiscal multipliers.
CHRISTIAAN VAN DER KWAAK, SWEDER VAN WIJNBERGEN   +1 more
wiley   +1 more source

Is the matching function Cobb-Douglas? [PDF]

We study the theoretical properties that particular matching functions must satisfy to represent a frictional labor market within a general equilibrium random matching model.
Ausias Ribo1 (Universitat de Barcelona), Montserrat Vilalta-Bufi (Universitat de Barcelona)   +1 more
core   +1 more source

Monetary Policy When Preferences Are Quasi‐Hyperbolic

Journal of Money, Credit and Banking, EarlyView.
Abstract We study discretionary monetary policy in an economy where economic agents have quasi‐hyperbolic discounting. We demonstrate that a benevolent central bank is able to keep inflation under control for a wide range of discount factors. If the central bank, however, does not adopt the household's time preferences and tries to discourage early ...
RICHARD DENNIS, OLEG KIRSANOV
wiley   +1 more source

RESEARCH OF THE FACTORS OF INDUSTRIAL GROWTH IN RUSSIA USING THE PRODUCTION FUNCTION

Russian Journal of Economics and Law, 2013
Objective: to construct and analyze production functions for the Russian industrial sectors. Methods: correlation-regression analysis. Results: the carried out analysis resulted in constructing three industrial functions: for processing industries ...
E. E. Kolchinskaya, S. N. Rastvortseva
doaj