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The Kraus-Litzenberger Zero-Sum Trade-Off Theory
SSRN Electronic Journal, 2015This paper proves that the objective function by Kraus and Litzenberger (1973) is always zero. Hence, any traded off must be zero-sum. Their inclusion of the bankruptcy variable belongs to the creditor, not the firm. This paper then works out another version of trade off: one between debt and equity, and shows that such trade off is rarely one-sided ...
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International Evidence on a New Keynesian Theory of the Output-Inflation Trade-off
Journal of Money, Credit and Banking, 1991This article provides empirical evidence on the validity of a "New Keynesian" theory of the output-inflation tradeoff. The theory, offered by Laurence Ball, N. Gregory Mankiw, and David Romer (1988), synthesizes recent work on "menu costs" and imperfect competition used to ground Keynesian theory in maximizing behavior.
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Halal food export and Malaysia’s potential: the applicability of the gravity theory of trade
Journal of Islamic Marketing, 2022Shahriar Kabir, Sa'Adiah Munir
exaly
The impact of servitization on trade credit in manufacturing firms: a signaling theory perspective
International Journal of Operations and Production Management, 2023Shanshan Chen, Junfei Chu, Zhe Yuan
exaly
Compatibility and trade-off between performance: a theory formulation and empirical evidence
1995This paper deals with the theme of compatibility/trade-off between different types of performance, in particular in relation to time quality and economic performance. The concepts of trade-off and compatibility are analysed, formally defined and subsequently used in an empirical study.
FILIPPINI, ROBERTO +2 more
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The balance of trade and exchange rates: Theory and contemporary evidence from tourism
Tourism Management, 2019Tarik Dogru, Cem Isik
exaly