The search theory approach to understanding unemployment flourished during the 1980s and 1990s. It has provided economists with a rich set of models for analyzing unemployment and labor market issues more generally. Unfortunately, while economists have found modern search theory to be an invaluable tool, the insights provided by this approach remain largely unfamiliar to noneconomists. This rev...

There has been a growing recognition among scholars that politics matters in the distribution of resources in society. However, attempts to use a political economy ‘lens’ with which to explore causes of poverty and strategies for poverty alleviation have largely ignored elites. By failing to embrace the crucial role elites play in the implementation of pro-poor policy, existing research has not...

In the presence of a peer-to-peer economy, the option of sharing an item is valuable for consumers. By retaining control over the shareability of its products a monopolist can set a sharing tariff in conjunction with the purchase price of the product, in order to extract state-contingent surplus from consumers: the shareability rent. Using an overlapping-generations model with heterogeneous con...

The search theory approach to understanding unemployment flourished during the 1980s and 1990s. It has provided economists with a rich set of models for analyzing unemployment and labor market issues more generally. Unfortunately, while economists have found modern search theory to be an invaluable tool, the insights provided by this approach remain largely unfamiliar to noneconomists. This rev...

In an attempt to explain and forecast the behavior of economic variables and of the economy as a whole, each school of economics creates its own system of paradigms, premises and models. The New Keynesian school of thought developed from the traditional Keynesian insights tries to offer additional explanations, based on microeconomic foundations, for such phenomena as economy-wide fluctuations ...

The purpose of this research is to evaluate economic situation of Kazakhstan’s market and its attraction to Foreign Direct Investors, to provide clear view of potential that Kazakhstan economy has and the prospective of further development of the area of the economy and the future of this country. The country of Kazakhstan is one of the largest world energy markets due to its considerable reser...

Hybridization of fuel cells with additional batteries or ultracapacitors in a fuel cell vehicle reduces electrical and mechanical stresses on fuel cells and improves the overall drive train efficiency over a standard drive cycle. This paper primarily analyzes hybrid fuel cell vehicles with different drive train arrangements, and compares projected fuel economies of hybrid fuel cell vehicles wit...

Electronic business (e-business) had been popularly lauded as “new economy.” As results, firms are prompted to invest heavily in e-business related activities such as supplier/procurement and online exchanges. Whether those investments have actually paid off for those firms remain largely unknown. Using the data on the top 100 e-business leaders compiled by InternetWeek, we compare the leaders ...

ness of an element is the ratio of in-degrees over in-degrees plus out-degrees of the element, and ranges from 0 to l (Pieters et al. 1995). Elements with high abstractness scores are

The present study is the second is a series of three papers devoted to issues in the measurement of productivity and productivity growth. The contributions of the present paper are three. First, it introduces a new approach to measuring industrial productivity based on income-side data that are published by the Bureau of Economic Analysis (BEA). The data are internally consistent in that both i...