In contrast, with asymmetric in- formation the optimal contract determines non-trivial stochastic processes for firm size (working capital invested), equity (the entrepreneur’s share

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In chapter 4 we extend the basic model to include both fixed and variable capital as well as financing constraints and irreversibility of fixed capital. We show

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Most notably, a Melitz model in which firms face persistent productivity shocks and sunk cost of exporting–in the spirit of Hopenhayn (1992)–cannot account simultaneously for firms’

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In the present study, gas blow IH (Induction Heating) nitrided specimens were produced under variable nitrogen gas blowing velocities. This was done to investigate the effects

The calibrated model also shows that, with respect to a fi nancially unconstrained in- dustry, the presence of fi nancing constraints and bankruptcy risk reduces the productivity

More importantly, the model predicts that fi nancing constraints, even when they have a negligible net e ff ect on the number of exporting fi rms, reduce the aggregate productivity

Figure 5 shows the pharmacy and health page contains many different medicines that people need in their lives when they sick or other different needs as well

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Cobalt oxide using SBA-16 and SBA-15 fibres resulted in mesoporous polycrystalline. material and possible reasons why no PSC was formed

Through this report, the Maine Association of Nonprofits (MANP) and the Maine Community Foundation (MCF) hope to build awareness of the vital role nonprofits play and to

The preceding has argued that both Hume and Thornton accepted the Phillips curve and that they reconciled it with their belief in the quantity theory by

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A Hybrid Neural Network And Arima Model For Water Quality Time Series Prediction.. (2003) SOFM-MLP: A Hybrid Neural Network For Atmospheric Temperature