Search results for "return"
showing 10 items of 354 documents
Classification of Target Markets and Features of Segmentation in Marketing Places
2008
This paper examines target markets and the strategy of marketing places as an economic instrument directed to the development of countries, regions, cities and towns. The authors give a classification of potential target markets of a territory and their characteristics on an example of Latvia.Markets’ segmentation for realizing the strategy of marketing places is of great value as it allows concentrating activity on the most perspective directions of territory development and on methods of particular group attraction. It gives an opportunity to work with separate categories of consumers, to make marketing policy more direct and more expressive, to promote competitiveness of a territory and …
“Piero Sraffa: economic reality, the economist and economic theory. An interpretation”.
2007
We carry out a textual analysis of Sraffa's main published contributions to pure economics in order to elaborate a rational reconstruction of an aspect of Sraffa's implicit methodology which has not yet been duly investigated. We refer to the threefold relationship between ‘economic reality’, ‘the economist/observer’ and ‘economic theory’. We elucidate the constraints which, for Sraffa, should bind the economists' arbitrariness and we trace the elements of continuity and evolution from the 1925–6 critique of Marshallian economics to Production of Commodities.
Method and analysis in Piero Sraffa's 1925 critique of Marshallian economics
2000
This paper provides an analysis of the logical structure and analytical content of Piero Sraffa's 1925 Italian paper, ‘Sulle relazioni fra costo e quantita prodotta’. It shows that Sraffa's criticism of the supply side of Marshall's theory of value in a competitive partial equilibrium model involves analytical and methodological issues. Endorsing an agressive methodology Sraffa logically reconstructs Marshall's model on variable returns to determine its empirical domain. He demonstrates that the latter encompasses only the empirically irrelevant cases of specific factor industries and specific external economies industries and that it cannot be generalized to non-specific factor industries …
Toeholds and takeover probability: implications for investment strategies
2009
PurposeThe purpose of this paper is to propose various toehold indicators and analyse whether the models incorporating these indicators can be used to establish investment strategies.Design/methodology/approachLogistic regression is used to test toehold indicator significance.FindingsThe results reflect that the designed measures are positively correlated to the likelihood of launching a takeover, although the power of the models to predict out‐sample takeovers is moderate, between 60.71 percent and 71.59 percent. The indicators allow us to design strategies which offer positive abnormal returns. In particular, abnormal return over the Fama‐French factors is 0.5 percent.Originality/valueToe…
Who can go back to work when the COVID-19 pandemic remits?
2020
AbstractThis paper seeks to determine which workers affected by lockdown measures can return to work when a government decides to apply lockdown exit strategies. This system, which we call Sequential Selective Multidimensional Decision (SSMD), involves deciding sequentially, by geographical areas, sectors of activity, age groups and immunity, which workers can return to work at a given time according to the epidemiological criteria of the country as well as that of a group of reference countries, used as a benchmark, that have suffered a lower level of lockdown de-escalation strategies. We apply SSMD to Spain, based on affiliation to the Social Security system prior to the COVID-19 pandemic…
A mathematical tool for describing the behaviour of a dense effluent discharge
2009
In many cases a dense effluent has to be discharged in the environment with possible harmful consequences. The preferred design for the relevant discharge unit is that of a simple or multi-port diffuser issuing jets at a given inclination above the horizontal. This work presents the follow-on developments of a model previously proposed to predict the behaviour of inclined dense jets issuing in a stagnant environment. It consists of a set of three ordinary differential equations that can be solved by standard numerical methods. Model outputs include information on the trajectory, spreading and dilution of inclined dense jets, return point position and concentration. Interestingly the model a…
Une approche géométrique du contrôle optimal de l'arc atmosphérique de la navette spatiale
2002
L'objectif de ce travail est de faire quelques remarques géométriques et des calculs préliminaires pour construire l'arc atmosphérique optimal d'une navette spatiale (problème de rentrée sur Terre ou programme d'exploration de Mars). Le système décrivant les trajectoires est de dimension 6, le contrôle est l'angle de gîte cinématique et le coût est l'intégrale du flux thermique. Par ailleurs il y a des contraintes sur l'état (flux thermique, accélération normale et pression dynamique). Notre étude est essentiellement géométrique et fondée sur une évaluation de l'ensemble des états accessibles en tenant compte des contraintes sur l'état. On esquisse une analyse des extrémales du Principe du …
Monotone Concave Operators: An application to the existence and uniqueness of solutions to the Bellman equation
2008
We propose a new approach to the issue of existence and uniqueness of solutions to the Bellman equation, exploiting an emerging class of methods, called monotone map methods, pioneered in the work of Krasnosel’skii (1964) and Krasnosel’skii-Zabreiko (1984). The approach is technically simple and intuitive. It is derived from geometric ideas related to the study of fixed points for monotone concave operators defined on partially order spaces.
Economic Returns to Education in France: OLS and Instrumental Variable Estimations
2013
En ligne sur : http://121.52.153.179/JOURNAL/LJE%20VOL%2018-2/Bhatti,%20Bourdon%20and%20Aslam.pdf; International audience; This article estimates the economic returns to schooling as well as analyzing other explanatory factors for the French labor market. It addresses the issue of endogeneity bias and proposes two new instruments for use in the instrumental variable two-stage least squares technique. Our results show that the proposed instruments are relevant and adequate, based on evidence from the available literature. After using the proposed instruments, we find that the OLS coefficients for schooling are biased downwards. Finally, we choose between the two proposed instruments.
Unit 1:risk and return. activities
2021
actividades sobre rentabilidad y riesgo