infonet-economy

The paper studies the effects of tax policy on venture capital activity. Entrepreneurs pursue a single high risk project each but have no own resources. Financiers provide funds, covering investment cost plus an upfront payment, in exchange for a share in the firm. The contract must include incentives to enlist full effort of entrepreneurs. Venture capitalists also assist with...

Viele europäische Länder verwenden neben einer passiven Einkommensabsicherung der Arbeitslosen die aktive Arbeitsmarktpolitik, um deren Wiederbeschäftigung zu beschleunigen. Zunehmend setzt sich dabei die Erkenntnis durch, dass diese kostenintensive Politik dem Steuerzahler nur bei nachweisbarem Nutzen langfristig zu vermitteln ist. Auch wenn die Bereitstellung der für seriöse...

We study the inflation uncertainty reported by individual forecasters in the Survey of Professional Forecasters 1969-2001. Three popular measures of uncertainty built from survey data are analyzed in the context of models for forecasting and asset pricing, and improved estimation methods are suggested. Popular time series models are evaluated for their ability to reproduce survey...

Presents a survey of the concepts and empirical evidence of the effects of organizational learning (OL) and learning organizations (LO). It summarizes and compares theories, empirical studies, and practical implications from 4 main research perspectives: information processing (IP), knowledge management (KM), strategic management (SM), and organizational culture (OC). The IP...

During the 1990s the European Commission and the United States Department of Justice between them prosecuted over 40 cartels that involved private firms and whose effects went beyond national borders. These private international cartels were found in a wide range of products - from citric acid, vitamins, newsprint, and fax paper to shipping and chemicals such as aluminium phosphide...

It is important to appreciate how large the world's government procurement markets are. Although precise estimates are hard to come by, a recent analysis by the Organisation for Economic Co-operation and Development (OECD) indicates that total central government expenditures of its members, excluding military spending and the compensation of state employees, was just under $2...