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81.
We study limit pricing in a model of entry with asymmetric information, where the incumbent firm's wage is endogenously determined through ‘efficient bargaining’ with its union. In the presence of entry threat, the incumbent firm‐union pair may face a conflict between rent sharing and transmitting its cost information. When the wage is not observable to outsiders and employment is the only signalling instrument, over‐employment features in all entry deterring contracts. When the wage is also observable, information transmission becomes easier. Most of the time, then, but not always, the efficient contract deters (induces) entry against the low (high) cost incumbent. 相似文献
82.
Allocation of research resources between favorable and unfavorable rice-growing environments is analyzed in this paper using the case of India. The resource allocation in rice research for all ecosystems of India is approximated by the full-time equivalent (FTE) of scientist time spent in research. This was estimated through a survey of all major public research organizations involved in rice research. The FTEs were adjusted for any cost differences per scientist time across the rice growing environments. Unadjusted FTEs indicated a high congruence in resource allocation while adjusted FTEs showed slight under investment in rainfed environment. The use of equity weights amplified the extent of under investment in rainfed environments. It is concluded that, in the case of rice research, rainfed environments in India remain under-invested moderately. Options for addressing this imbalance and the overall implications for resource allocation are discussed. 相似文献
83.
The paper examines the effect of inequality on growth among the subnational states in India. Theoretically, growth of the regional economy is driven by productive public investment in the provision of health and education services financed by a linear output tax, and the optimum tax rate is determined by the median voter. In contrast to existing results, the authors obtain an ambiguous relationship between initial inequality and subsequent economic growth. Analysis of the Indian state‐level data suggests that rural inequality influences growth of total output more than urban inequality, and does so negatively. The indicator of intersectoral inequality is more important in explaining sectoral output growth. 相似文献
84.
John P. Brennan Rajinder Pal Singh Inder Pal Singh 《The Australian journal of agricultural and resource economics》2002,46(4):539-558
A comprehensive set of potential new feed grains for Australia was evaluated to help establish the options with the highest priorities for research. The cost–reducing impacts of the different options were analysed using a linear–programming model that determined the least–cost feed rations for the different livestock industries. Economic welfare analysis was then used to estimate the size and distribution of the benefits of research from the feed grains quality–improving research. The analysis revealed that there are only limited opportunities to improve the productivity and competitiveness of Australia's livestock industries by improving the nutritional characteristics of feed grains. 相似文献
85.
86.
Shared consumption is rapidly evolving as a potential alternative consumption paradigm and hence gaining increased scholarly attention. In the last 5 years, there has been an exponential increase in research focusing on the adoption of shared consumption. There is a pressing need to consolidate and reconcile the resultant insights, which calls for an appropriate review study. Accordingly, this study aims to systematically review the extant literature on the adoption of shared consumption, synthesize the body of knowledge and provide a comprehensive understanding of this emerging consumption mode. Following the SPAR-4-SLR review protocol, this systematic review draws upon the theoretical guidance provided by the theory of consumption values, innovation resistance theory and value-attitude-behaviour hierarchy to synthesize 331 research articles. Bibliometric analysis was employed to reveal the research trend, most prominent journals, authors, articles and countries of research. A thematic analysis was carried out to synthesize the knowledge of the literature corpus. The results suggest that while economic incentives commonly drive individuals to participate in shared consumption, social incentives significantly influence participation in a peer-to-peer setting. Perceived risks (physical, privacy, safety and security) deter participation, while trust plays a vital role in adoption. It has also unveiled some inconclusive relationships in the literature, such as the effect of environmental considerations and materialism on sharing intention. The analysis shows that the providers' perspective has received less attention than the consumers. Further, it is important to empirically validate the findings in domains that transcend the extant industry specificity of studies. The salient observations were structured in an integrated model capturing the drivers and inhibitors of the adoption of the phenomenon. Finally, based on the TCCM framework, pertinent future research directions have been elaborated. 相似文献
87.
Consumers often interact with agents to obtain advice about products and services. A consumer’s evaluation of an agent as
a source of personalized advice depends, in part, on the extent to which the consumer believes the agent knows and shares
her tastes. In this research, we show a positivity effect in the agent evaluation process, whereby consumers perceive alternatives
they love (compared to hate) to be more informative to agents about their tastes, and hence more diagnostic to agents for
predicting their future evaluations. Further, we show that this positivity effect is moderated by the agent’s level of agreement
with the consumer, and is driven by the greater accessibility of information about loved, compared to hated, alternatives.
We discuss the implications of these results for interpersonal judgments and agent choice. 相似文献
88.
Fabrizio Coricelli Nigel Driffield Sarmistha Pal Isabelle Roland 《Journal of International Money and Finance》2012
In the wake of the global financial crisis, several macroeconomic contributions have highlighted the risks of excessive credit expansion. In particular, too much finance can have a negative impact on growth. We examine the microeconomic foundations of this argument, positing a non-monotonic relationship between leverage and firm-level productivity growth in the spirit of the trade-off theory of capital structure. A threshold regression model estimated on a sample of Central and Eastern European countries confirms that TFP growth increases with leverage until the latter reaches a critical threshold beyond which leverage lowers TFP growth. This estimate can provide guidance to firms and policy makers on identifying “excessive” leverage. We find similar non-monotonic relationships between leverage and proxies for firm value. Our results are a first step in bridging the gap between the literature on optimal capital structure and the wider macro literature on the finance-growth nexus. 相似文献
89.
90.
There are people in this world who have little or no access to basic needs and they struggle financially, living on less than a handful of dollars a day. A better understanding of how to supply/serve the world's poor is needed. In this paper, through the lens of Porter's value chain framework we investigate the challenges and opportunities social enterprises face in base‐of‐pyramid (BoP) markets based on secondary data on 23 organizations. Our contribution is twofold: First, we analyze value chain complexities for the social enterprise based on the value creation role (consumer, coproducer) and income level (poverty, extreme poverty) of the local population. We find that nature of customers’ requirements varies across customer segments in the BoP markets and social enterprises face unique challenges in fulfilling such differentiated demand patterns. Second, we develop an affordability–accessibility framework that helps to identify the situations that may be favorable/unfavorable for social enterprises to meet the challenges in BoP markets. We make four propositions that social enterprises may use to cope with difficulties in affordability and accessibility. Our findings will be useful for such organizations to understand and design better supply chains for the base of pyramid. 相似文献