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Politics And Globalization: Uncertainty And Its Economic Discontents, Michael Goodman, Robert A. Nakosteen
Politics And Globalization: Uncertainty And Its Economic Discontents, Michael Goodman, Robert A. Nakosteen
Robert A Nakosteen
Although the Bay State’s knowledge-based economy is poised for continued moderate expansion, it faces serious headwinds beyond its control. These include the stubbornly slow recoveries in the national and global economies, the prospect of sequestered budget cuts and major tax increases at the year’s end, and the continuing sovereign debt crisis in the 17 Euro Zone nations.
An Era Of Economic Recovery Amid High Risk, Robert A. Nakosteen, Martin Romitti
An Era Of Economic Recovery Amid High Risk, Robert A. Nakosteen, Martin Romitti
Robert A Nakosteen
Massachusetts’ economic recovery has experienced ten consecutive quarters of increasing gross state product and a steady drop in its unemployment rate. In spite of these gains, the Bay State saw a significant slowdown last year and faces risks ahead from federal budget cuts, fragile Euro Zone economies, slower Asian economic growth, and international conflicts.
The Role Of Demand Information And Monitoring On Tacit Collusion, Christian Rojas
The Role Of Demand Information And Monitoring On Tacit Collusion, Christian Rojas
Christian Rojas
Motivated by the Green and Porter (1984) and Rotemberg and Saloner (1986) models, we construct lab experiments to test the effects of two factors on collusion: information (regarding next period's demand state) and monitoring (of a rival's past action). Results indicate that information may facilitate collusion more than monitoring, especially as subjects gain experience. A robust finding is that subjects in the Rotemberg and Saloner treatment cooperate as predicted by this theory: collusion falls dramatically in anticipation of unusually large demand and returns to high levels otherwise. These results suggest that tacit and fairly elaborate collusion could arise in stochastic …
The Influence Of Industry Mix On Regional New Firm Entry, Henry C. Renski
The Influence Of Industry Mix On Regional New Firm Entry, Henry C. Renski
Henry C Renski
Per capita rates of entry are commonly used to measure regional entrepreneurial climate. Yet entry rates vary widely by industry and tend to mirror existing regional specializations. Without controlling for industry mix, factors associated with regional differences in entry may describe the industry base rather than entrepreneurial climate. This study finds that while industry mix explains a potentially large portion regional variation in entry, it does not radically alter the relative standing of the most highly ranked regions. Most of the factors commonly associated with the regional entrepreneurial climate remain significant after purging the data of industry mix effects. However, …