Overcoming Informational Barriers to International Resource Allocation: Prices and Ties
نویسندگان
چکیده
منابع مشابه
Matrix Exponential Learning for Resource Allocation with Low Informational Exchange
We consider a distributed resource allocation problem in a multicarrier multi-user MIMO network where multiple transmitter-receiver links interfere among each other. Each user aims to maximize its own energy efficiency by adjusting its signal covariance matrix under a predefined power constraint. This problem has been addressed recently by applying a matrix exponential learning (MXL) algorithm ...
متن کاملRelative Prices and Investment: an Essay on Resource Allocation
In this essay the mainstream story about how resources are allocated in a market economy is challenged. The conventional view is that a change in relative prices leads to a change in the composition of output as a result of a reallocation of the stock of primary factors of production (land, labor and capital). No investment is required. This is possible, however, only if the primary factors of ...
متن کاملTransmission of International Prices of Corn to Iranian Domestic Markets
Market volatility remains one of the most important research fields in agricultural economics.Interestingly, price transmission mechanism seems to be symmetric in sectors that are likely to be of high political power.This paper analyzes the price transmission effects from international markets to domestic markets for corn in Iran. For this purpose, we estimate the elasticity of substitution bet...
متن کاملOvercoming Resistance to Organizational Change: Strong Ties and Affective Cooptation
We propose a relational theory of how change agents in organizations use the strength of ties in their network to overcome resistance to change. We argue that strong ties to potentially influential organization members who are ambivalent about a change (fence-sitters) provide the change agent with an affective basis to coopt them. This cooptation increases the probability that the organization ...
متن کاملMarket Structure, Security Prices, and Informational Efficiency
We consider an economy with an incomplete securities market and heterogeneously informed investors. Each investor trades in the market to hedge the risk to his endowment and to speculate on future security payoffs using his private information. We examine the efficiency of the securities market in allocating risk and transmitting information under different market structures, as defined by the ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: The Economic Journal
سال: 2002
ISSN: 0013-0133,1468-0297
DOI: 10.1111/1468-0297.00090