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24,055
Choices, values and frames.
- American Psychologist,
, 1984
"... Making decisions is like speaking prose-people do it all the time, knowingly or unknowingly. It is hardly surprising, then, that the topic of decision making is shared by many disciplines, from mathematics and statistics, through economics and political science, to sociology and psychology. The stu ..."
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Cited by 684 (9 self)
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Making decisions is like speaking prose-people do it all the time, knowingly or unknowingly. It is hardly surprising, then, that the topic of decision making is shared by many disciplines, from mathematics and statistics, through economics and political science, to sociology and psychology
The Economic Value of Volatility Timing
- Journal of Finance
, 2000
"... Numerous studies report that standard volatilitymodelshavelow explanatorypower, leading some researchers to question whether these models haveeconomic value.We examine thisquestion by using conditional mean-variance analysis to assess the value of volatility timing to short-horizon investors. We fin ..."
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Cited by 127 (1 self)
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Numerous studies report that standard volatilitymodelshavelow explanatorypower, leading some researchers to question whether these models haveeconomic value.We examine thisquestion by using conditional mean-variance analysis to assess the value of volatility timing to short-horizon investors. We
The Economics of networks
- INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION
, 1996
"... I analyze the salient features of networks and point out the similarities between the economic structure of networks and the structure of vertically related industries. The analysis focuses on positive consumption and production externalities, commonly called network externalities. I discuss their s ..."
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Cited by 462 (29 self)
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I analyze the salient features of networks and point out the similarities between the economic structure of networks and the structure of vertically related industries. The analysis focuses on positive consumption and production externalities, commonly called network externalities. I discuss
Does Social Capital Have an Economic Payoff? A Cross-Country Investigation
- Quarterly Journal of Economics
, 1997
"... This paper presents evidence that “social capital ” matters for measurable economic performance, using indicators of trust and civic norms from the World Values Surveys for a sample of 29 market economies. Memberships in formal groups—Putnam’s measure of social capital—is not associated with trust o ..."
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Cited by 1406 (9 self)
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This paper presents evidence that “social capital ” matters for measurable economic performance, using indicators of trust and civic norms from the World Values Surveys for a sample of 29 market economies. Memberships in formal groups—Putnam’s measure of social capital—is not associated with trust
Determinants of Economic Growth: A Cross-Country Empirical Study
, 1996
"... Empirical findings for a panel of around 100 countries from 1960 to 1990 strongly support the general notion of conditional convergence. For a given starting level of real per capita GDP, the growth rate is enhanced by higher initial schooling and life expectancy, lower fertility, lower government c ..."
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Cited by 892 (12 self)
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consumption, better maintenance of the rule of law, lower inflation, and improvements in the terms of trade. For given values of these and other variables, growth is negatively related to the initial level of real per capita GDP. Political freedom has only a weak effect on growth but there is some indication
Evolving to a New Dominant Logic for Marketing
- Journal of Marketing
, 2004
"... Marketing inherited a model of exchange from economics, which had a dominant logic based on the exchange of “goods, ” which usually are manufactured output. The dominant logic focused on tangible resources, embedded value, and transactions. Over the past several decades, new perspectives have emerge ..."
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Cited by 520 (12 self)
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Marketing inherited a model of exchange from economics, which had a dominant logic based on the exchange of “goods, ” which usually are manufactured output. The dominant logic focused on tangible resources, embedded value, and transactions. Over the past several decades, new perspectives have
Finite state Markov-chain approximations to univariate and vector autoregressions
- Economics Letters
, 1986
"... The paper develops a procedure for finding a discrete-valued Markov chain whose sample paths approximate well those of a vector autoregression. The procedure has applications in those areas of economics, finance, and econometrics where approximate solutions to integral equations are required. 1. ..."
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Cited by 493 (0 self)
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The paper develops a procedure for finding a discrete-valued Markov chain whose sample paths approximate well those of a vector autoregression. The procedure has applications in those areas of economics, finance, and econometrics where approximate solutions to integral equations are required. 1.
Governance in Global Value Chains
- IDS Bulletin Special Issue on The Value of Value Chains
, 2001
"... This article builds a theoretical framework to help explain governance patterns in global value chains. It draws on three streams of literature – transaction costs economics, production networks, and technological capability and firm-level learning – to identify three variables that play a large rol ..."
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Cited by 427 (26 self)
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This article builds a theoretical framework to help explain governance patterns in global value chains. It draws on three streams of literature – transaction costs economics, production networks, and technological capability and firm-level learning – to identify three variables that play a large
Financial Dependence and Growth
- American Economic Review
, 1998
"... This paper examines whether nancial development facilitates economic growth by scrutinizing one rationale for such a relationship; that nancial development reduces the costs of external nance to rms. Speci cally, we ask whether industrial sectors that are relatively more in need of external nance de ..."
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Cited by 1086 (26 self)
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to the highest value use without substantial risk of loss through moral hazard, adverse selection, or transactions costs { are an essential catalyst of economic growth. Empirical work seems consistent with this argument. For example, on the
Results 1 - 10
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