On the dynamic selection of mechanisms for provision of public projects
Article Abstract:
A dynamic model proved that the provision mechanism for a public project is itself the object of locational choice of individuals. Individuals of a certain society must select between a location using a Majority Rule method and one using a Voluntary Contribution method. The methods establish a funding decision for a local public project that is recounted overtime. The method with belief mutation creates an internationally absorbing condition in which the Majority Rule mechanism is the survivor of the the two.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 1997
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Exit, selection, and the value of firms
Article Abstract:
A study was done to analyze a competitive dynamic model. The model is marked by firm level uncertainty and carries implications for firm values and Tobin's q ratio. Under entry and exit conditions, the model functions as an endogenous determinant of firm selection degree in the market. However, the equilibrium q ratio values change if technology and firm level uncertainty measurements change.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 1992
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Market size matters
Article Abstract:
A study on 13 retail trade industries spread across 225 cities in the United States and examining the effect of market size on the size of the distribution, is presented.
Publication Name: Journal of Industrial Economics
Subject: Economics
ISSN: 0022-1821
Year: 2005
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