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排序方式: 共有41条查询结果,搜索用时 15 毫秒
1.
We consider demand function competition with a finite number of agents and private information. We show that any degree of market power can arise in the unique equilibrium under an information structure that is arbitrarily close to complete information. Regardless of the number of agents and the correlation of payoff shocks, market power may be arbitrarily close to zero (the competitive outcome) or arbitrarily large (so there is no trade). By contrast, price volatility is always lower than the variance of the aggregate shock across all information structures. Alternative trading mechanisms lead to very distinct bounds as a comparison with Cournot competition establishes. 相似文献
2.
Tibor R. Machan 《Economic Affairs》1986,7(1):50-51
Anti-smoking lobbyists regularly call for government intervention to prohibit smoking in 'public places'. Tibor Machan, Professor of Philosophy at the University of Auburn, Alabama, contends that such differences of opinion should be resolved in the adaptable market, not subject to inflexible law. 相似文献
3.
Experimental research on first price sealed bid auctions has usually involved repeated settings with information feedback
on winning bids and payoffs after each auction round. Relative to the risk neutral Nash equilibrium, significantly higher
bidding has been reported. The present paper reports the results of experimental first price auctions with n=7 where feedback on payoffs and winning bids is withheld. Under these conditions, average bidding is below the risk neutral
Nash equilibrium prediction but converges to it with repetition.
Electronic Supplementary Material The online version of this article () contains supplementary material, which is available to authorized users. 相似文献
Electronic Supplementary Material The online version of this article () contains supplementary material, which is available to authorized users. 相似文献
4.
Tibor R. Machan 《Economic Affairs》1988,8(2):36-41
Economists have long based their analysis of the behaviour of the economic'actor'as homo economicus, an individual maximising his or her own interest or'utility'. Tibor Machan, Professor of Philosophy at Auburn University, Alabama, argues that this approach neglects important elements that condition economic activity — not least, the role of moral considerations. 相似文献
5.
Tibor Mandják Judit Simon Zsuzsanna SzalkaiAuthor vitae 《Industrial Marketing Management》2011,40(6):822-829
In this article we are dealing with the global, regional and local questions of the business. We raise the following question: is there a relation between network management (networking) and the spatial type of the network. We make a cross analysis of networking and spatial types of the network. The paper builds on the model of networking (Ford et al., 2002; Ford et al., 2003; Håkansson et al., 2009), the network paradoxes (Håkansson and Ford, 2002) and the model of 6 Cs (Ritter & Ford, 2006). We emphasize the strategic importance of the interpretation of network pictures. In order to answer the research question we create a theoretical conceptual frame called the Spatial Networking Matrix. We use the method of explorative expert interview in order to introduce some experiences of company leaders and managers concerning networking and spatiality. We conclude that after further development, the Spatial Networking Matrix can help to analyze networking and spatial types of networks at once, deepen the understanding of the real business world and through all of these, be a useful tool for business practice. 相似文献
6.
7.
Tibor Besedeš Cary Deck Sarah Quintanar Sudipta Sarangi Mikhail Shor 《Southern economic journal》2014,81(2):294-322
We study how group membership affects behavior both when group members can and cannot interact with each other. Our goal is to isolate the contrasting forces that spring from group membership: a free‐riding incentive leading to reduced effort and a sense of social responsibility that increases effort. In an environment with varying task difficulty and individual decision making as the benchmark, we show that the free‐riding effect is stronger. Group members significantly reduce their effort in situations where they share the outcome but are unable to communicate. When group members share outcomes and can interact, they outperform groups without communication and individuals. We show that these groups do as well as the best constituent member would have done on his or her own. 相似文献
8.
9.
Hardy Hanappi 《Journal of Evolutionary Economics》2008,18(2):275-289
The goal of this paper is to highlight the importance of the concept of choice. To do so, a synopsis of the most important
contributions to this topic—featuring an eclectic set of scholars across disciplines—is provided. As central to the argument,
John von Neumann’s contributions, game theory and simulation techniques on von Neumann machines, are identified. Innovation
(economic and theoretic) as the driving force behind human evolution seems to head for a new scientific paradigm based on
von Neumann’s ideas.
相似文献
Hardy HanappiEmail: |
10.
It is common in the trade literature to use iceberg transport costs to represent both tariffs and shipping costs alike. However, in models with monopolistic competition these are not identical trade restrictions. This difference is driven by how the two costs affect the extensive margin. We illustrate these differences in a gravity model. We show theoretically that trade flows are more elastic with respect to tariffs than transport costs and find a linear relationship between the elasticities with respect to tariffs, iceberg transport costs, and fixed market costs. We empirically validate these results using data on US product‐level imports. 相似文献