This paper analyses the dynamics of a monetary economy which is characterized by increasing returns to scale in ...nancial intermediation. Due to the non–convexity, two stationary monetary equilibria may exist. The ...rst equilibrium is a saddle with high economic activity and high competition in banking. In the second equilibrium, competition between banks and economic activity are low. Under ...

s in other industrialized countries, the health care sector is an important element of the Netherlands’ economy. As a share of gross domestic product (GDP), national health expenditures in the Netherlands rose from 6 percent in 1970 to 8.2 percent in 1980 (23). The growth rate slowed in the 1980s; by 1991, national health expenditures accounted for only a slightly higher share of GDP at 8.3 per...

The study seeks to analyses ethnocentric factors impact on the freedom of competition and business activity. Xenophobia, morality and rationality patriotism and nationalism, economic and war animosity influence one way or another, Greek students’ opinions towards freedom of competition in the era of a vast fiscal crisis in Greece. Key-Words: Implicative statistical analysis, freedom of competit...

This paper analyses the impact of political competition on economic performance in Indonesia. study uses a database covering 427 districts Indonesia, from 2000 to 2013. Political is measured using Herfindahl Hirschman Concentration Index for district parliament election. variable potentially endogenous, because likely be non-random and correlated with unobservable variables. To solve this probl...

The American-Chinese competition towards the world will reveal paths and intentions of both countries in achieving their interests vision for these interests, if scenarios this are shown, represented by scenario cold economic war, which took a side away from military war brought into its arena, but encouraged every force To gain military, economic, political social assets to be owner big scale ...

By utilizing systems methodology and thinking logic, this paper derives a general theorem to characterize when how market signals for additional competition from players. Then, it establishes conditions government policies actually work in real life, where firms' performances are effectively promoted no matter what offer the firms produce. Among others, established include improving managerial ...

This paper examines the role of competition policy in emerging markets from a developmental and international perspective. The main issues addressed include the following: • The state of competition and competition policy in developing countries; • The relationship between competition, competition policy and economic development; • The implications of the recent new advances in the theory of in...

This paper investigates major properties of abstract competition, which deals with competition in its most generic form and is not necessarily directly related to competition that can be observed in biological, economic or other realistic systems. Generic properties of competing systems are investigated theoretically and computationally and major results are summarized in the present paper.