economic theory

Chartist Trading in Exchange Rate Theory

This thesis consists of four papers, of which paper 1 and 4 are co-written with Mikael Bask. Paper [1] implements chartists trading in a sticky-price monetary model for determining the exchange rate. It is demonstrated that chartists cause the exchange rate to "overshoot the overshooting equilibrium" of a sticky-price monetary ...

How Entrepreneurs Learn: A Popperian Approach and Its Limitations

In the first section of this paper, I explain the distinguishing characteristics of the Popperian approach. I describe the overall goals of the project, the characteristics of a more sophisticated economic theory of entrepreneurial learning, and how Popper’s theory of the growth of knowledge can help build an economic ...

Mergers by Partial Acquisition

This paper evaluates partial acquisition strategies. The model allows for buying a share of a firm before the actual acquisition takes place. Holding a share in a competing firm before the acquisition of another firm, outsider-toehold, eliminates the insiders' dilemma, i.e. profitable mergers do not occur. This strategy may thus ...

Geography and Institutions: A Review of Plausible and Implausible Linkages

In recent years, empirical investigations have shown that various aspects of physical geography are closely related to the quality of a country’s economic institutions. For instance, distance from the equator in latitude degrees is positively correlated to both institutional quality and to levels of economic development. In order to reach ...

Category : Economics Papers
Managerial Economics- An Introduction

Managerial economics (also called business economics), is a branch of economics that applies microeconomic analysis to specific business decisions. As such, it bridges economic theory and economics in practice. It draws heavily from quantitative techniques such as regression and correlation, Lagrangian calculus (linear). If there is a unifying theme that ...