Firm-level knowledge accumulation and regional dynamics

Earnings Dynamics and Firm Level Shocks

There has been an increased interest in understanding pay policies of firms, and in particular the extent to which firm level productivity shocks are transmitted to worker’s wages. Such departures from perfect competition and the law of one price have been motivated by the developments in search theory starting by the seminal models of Burdett and Mortensen (1998) and Mortensen and Pissarides (...

Regional Economic Context & the Value of Firm-level It Investments

Learning knowledge-level domain dynamics

The ability to learn relational action models from noisy, incomplete observations is essential to support planning and decision-making in real-world environments. While some methods exist to learn models of STRIPS domains in this setting, these approaches do not support learning of actions at the knowledge level. In contrast, planning at the knowledge level has been explored and in some domains...

Capital Accumulation of a Firm

Using standard control theory in determining the firm's optimal dynamic investment decisions it turns out that it is always optimal to approach a long run optimal level of capital. In some cases, this equilibrium is reached within finite time, but usually it will be approached asymptotically. Also a necessary condition is determined under which history dependent equilibria can occur. Some of th...

asset pricing anomalies at the firm level

Anomaly is deviation from common rules and in finance it can be defined as a pattern in the average of stock return that is not consistent with the prevailing asset pricing models literature. For anomaly investigation two common methods are used: portfolio approach and individual firm approach. This paper wants to shed light on anomalies of capital asset pricing model at the individual firm lev...