Through studying joint ventures during the early (1993) and late phases (2001) of Hungary’s economic transition to market economy, we demonstrate how institutional and economic transformation alters foreign parents’ roles in the success of joint ventures. Foreign parent decision influence and resource provision affected market performance and knowledge acquisition differently in the two phases....

Several essential aspects of pricing in the conditions of unsaturated market and monopoly impact are considererd. The analysis shows the existence of conditions under which the initial supplydemand disbalance may even be intensified by market pricing. Some inflation scenarios based on these conditions and necessary stabilization counter-measures are discussed. The importance of fast decentraliz...

The coevolving coupled dynamics of financial markets and real economies is addressed through an integrated model of an artificial economy in which a population of competing companies have their shares traded in a financial market dominated by value investors and arbitrageurs that evaluate the companies’ performance and adapt to market conditions. The coevolution between economy and financial ma...

Is the concept of stock market speculations, related with the news in the news papers? This study mainly focus on the correlation between economy news from one of the highest circulation rate news paper in Turkey and Istanbul stock market closing values. Data set is collected from the web page of news paper in natural language and text mining technique, term frequency – inverse document frequen...

today one of the major questions in the iranian economy is that do liquidity injected into the economy more effected productive activities or speculative activities .this study was conducted to compare the effects of liquidity growth on real sector and assets market bubbles in iranian economy during the period 1994(2)-2012(1). for this purpose, price index of four major assets in iranian econom...

This paper presents an overview of the economics literature on the effect of Corporate Average Fuel Economy (CAFE) standards on the new vehicle market. Since 1978, CAFE has imposed fuel economy standards for cars and light trucks sold in the U.S. market. This paper reviews the history of the standards, followed by a discussion of the major upcoming changes in implementation and stringency. It d...

The inherent dynamic competitiveness of the new economy brings about novel challenges to antitrust enforcements. We evaluate the appropriateness of the 1992 Horizontal Merger Guidelines in light of this new environment. We show that the Guidelines relies too heavily on market concentration measures that are bound to be overstated for new-economy industries. To properly address the dynamic compe...

Information is “market-consistent” if agents only use market prices to infer the underlying states of the economy. This paper applies this concept to a stochastic growth model with incomplete markets and heterogeneous agents. The economy with market-consistent information can never replicate the full information equilibrium, and there are substantial differences in impulse responses to aggregat...