infonet-economy

This article studies several attributes of a firm's long-run decisions about organizational structure, attributes that affect the firm's short-run innovative activity. We focus on flexibility, which lowers the future costs of implementing innovations, and research capabilities, which improve the future opportunities for innovation. We consider two dimensions of innovation:…

The historical institutionalist tradition in comparative politics commonly assigns analytical primacy to political institutions. Whereas this polity-centeredness may be quite justifiable for purposes of comparative public policy, students of comparative political economy should pay systematic attention not only to economic institutions but also to a range of economic-structural…

In this paper we compute the IF of a general class of estimators for grouped data, namely the class of MPE. We find that this IF can be large although it is bounded. Therefore, we propose a more general class of estimators, the MGP-estimators, which include the class of estimators based on the power divergence statistic and permits to define robust estimators. By analogy with Hampel…

Für private Investoren, die aus laufenden Arbeitseinkommen Finanzkapital bilden, ist das Lebensalter ein dominanter Einflussfaktor für die Anlagestrategie. Die Allokation des Finanzvermögens muss dem Umstand Rechnung tragen, dass der Wert des Humankapitals mit zunehmendem Alter abnimmt. Sie ist nicht konstant wegen der intertemporalen Diversifikation und des Zusammenhangs zwischen…