The missing motivation in macroeconomics
Article Abstract:
John Maynard Keynes' work was a guiding macroeconomic principle in the early 1960s, but has reached its demise due to a change in methodology. New Classical Critics' neutrality propositions on economic players' behavioral norms are discussed, justifying the methodological change that overturns Keynesian economics.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2007
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Simple cost-sharing contracts
Article Abstract:
Cost-sharing contracts are evaluated in terms of cost reduction techniques. Although William Rogerson's fixed-price (FP) and cost-reimbursement (CR) contracts can fulfill expected surplus, a linear cost-sharing cost reimbursement (LCSCR) contract performs better in terms of cost realization.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2007
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On the irrelevance of input prices for make-or-buy decisions
Article Abstract:
A study on network purchasing behavior of suppliers with relation to U.S. Telecommunication Act of 1996 is presented.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2005
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