1. Refereed Journal // 2006

    An adjustment process for nonconvex production economies

    We prove the existence of a path of market conditions, i.e. combinations of market prices and production quantities, that links any arbitrarily chosen market condition with an equilibrium, in a general…

  2. Refereed Journal // 2006

    B2B or Not to Be: Does B2B E-Commerce Increase Labour Productivity?

    We implement an endogeneous switching-regression model for labour productivity and firms' decision to use business--to--business (B2B) e--commerce. Our approach allows B2B usage to affect any parameter of the…