The authors have developed a multi-sector general equilibrium model in which productivity growth is driven by the production of sector-specific knowledge. In the model, long run differences is found in total factor productivity growth across sectors are independent of the parameters of the knowledge production function except for one, which...
A general equilibrium model of individual specialization is presented in which agents trade off the productivity and price implications of producing a narrower range of goods. Agents with highly specific skills turn out to benefit most from large markets. The model is able to replicate features of the long-term evolution...
When doing growth accounting, should we use ex post or ex ante measures of user costs to calculate the contribution of capital? The answer, based on a simple model of temporary equilibrium, is that ex post is better in theory. In practice researchers usually calculate ex post user costs by...
During the nineties, workers began to spurn secure jobs in large organizations, which were formerly considered prestigious. They developed more positive attitudes towards jobs in small, innovative startups, although these involved less job security. This model identifies some of the economic forces behind this trend. Small firms with little capital...
The authors have studied the productivity of US owned plants in the UK. Using a new dataset that identifies foreign and domestic MNEs MultiNational Enterprise, they found that UK MNEs are less productive than US affiliates, but as productive as non US foreign affiliates. This paper investigates the source of...
The subject matter and methodology of modern life insurance mathematics are surveyed in this paper. Standard insurance products with payments depending only on life history events are described and analyzed in the commonly used Markov chain model under the assumption of deterministic interest rates. The actuarial equivalence principle for determining...
This paper studies the effects of market competition and intellectual property protection emerging technologies such as software. In doing so, this research aims at contributing to the ongoing discussion on the possibility of broadening the scope of patent protection, in the EU, in order to cover many of the newly...
The end of the 20th Century was marked by a sea change in global governance in the realm of Intellectual Property Rights IPRs. Whereas countries historically retained substantial autonomy in this policy domain, the 1990s witnessed the establishment of new global obligations regarding national practices for the treatment of intellectual...
This paper investigates the valuation of catastrophe insurance derivatives that are traded at the Chicago Board of Trade. By modelling the underlying index as compound Poisson process, the paper gives a representation of no-arbitrage price processes using Fourier analysis. This characterization enables us to derive inverse Fourier transform of prices...
BOSTON -- CRA International, Inc. (NASDAQ: CRAI), a worldwide leader in providing management, economics, and financial consulting services, today announced the expansion of its Insurance Economics Practice. Mark Meyer has joined the practice as a vice president and co-practice leader. Dr. Meyer has more than...
WAYNE, Pa. -- Today, The Keane Organization announced the expansion of its Business Risk Management Solutions BRMS division with the hiring of Ketan "KP" Bhimani as Senior Sales Executive. Bhimani will be responsible for achieving sales targets as well as managing the development of marketing, sales and...
Intellian Capital Advisors, LLC, a fullservice merchant bankingfirm , announces the launch of ICA Advisors, LLC, their AdvisoryServices division, and the addition of Bernard I. Gartenlaub and Vikram S.Arneja. ICA Advisors provides strategic and management advisory services to middlemarket companies. The portfolio of services includes merger...
NAPLES, Fla. -- Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, announced today that sales of the Company's patented energy saving and mold resistant product for homes and buildings, Nansulate[R] HomeProtect, continue to increase exponentially worldwide as energy costs skyrocket. "The energy...
MOSCOW -- The Board of Directors of The Goldman Sachs Group, Inc. (NYSE: GS) today announced the election of Lakshmi N. Mittal as an independent director of the firm effective June 28, 2008. Mr. Mittal will serve on the Audit, Compensation and Corporate Governance and Nominating Committees...
System designer behind LEO, the world's first business computer In 1947 J. Lyons & Co, the catering firm best known for its chain of teashops, made the extraordinary decision to build a computer. The Lyons computer, called LEO for Lyons Electronic Office, was...
LONDON -- Hirco PLC (AIM:HRCO), the investment vehicle for Hiranandani, India's largest developer of prestigious mixed-use townships, today announced that sales of residential units in Phase 1 of its Hiranandani Palace Gardens township developments in both Chennai and Panvel continue to be robust both in terms of...
SHANGHAI, China -- The international law firm Greenberg Traurig, LLP announced that George Qi has joined its Shanghai office as a shareholder in the Corporate and Securities Group. Qi joins from Faegre & Benson LLP in Shanghai. Qi has extensive experience in China-related cross-border M&A,...
Richard Youngman and Brian Fan Add Industry Knowledge and Global Reach SAN FRANCISCO & LONDON -- The Cleantech Group[TM], LLC, pioneer of the cleantech investment category and largest global network of cleantech investors and companies, today announced two new additions to the company's management team,...
Today global technology company Sagentia(LSE: SGA) opens its new U.S. headquarters located in theWashington-Baltimore corridor -- the hub of the U.S. East Coast healthcareand life sciences business -- well known for its proximity to the country'sleading healthcare organizations and resources. The office represents aconsolidated focus of the company's...
P38 Inc. is pleased to announce the launch of www.propanefacts.ca , the most comprehensive online resource for information on the use of propane as a transportation fuel. Through cooperative efforts among industry, government and academia, the goal of Propane Facts is to provide reliable, current and convincing...
Articles 2008-06-20
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