Similar Search Results

Debt Financing and Sharp Currency Depreciations: Wholly vs. Partially Owned Multinational Affiliates

Hebous, Shafik; Weichenrieder, Alfons - CESifo - 2009

This paper provides empirical evidence on two potential costs of shared ownership of German affiliates abroad. First, in periods of currency crises, wholly-owned affiliates, in contrast to partially-owned affiliates, seem to circumvent financial constraints by accessing capital from their parent...

Persistent link: https://www.econbiz.de/10008572531

Ownership Concentration and Share Valuation: Evidence from Germany

Edwards, Jeremy; Weichenrieder, Alfons - CESifo - 1999

Concentrated ownership of large listed companies is widespread throughout the world, and Germany is typical in this respect. This paper proposes a method of distinguishing empirically between the beneficial and harmful effects of ownership concentration, and applies it to German data. The...

Persistent link: https://www.econbiz.de/10005406388

Silent Interests and All-Pay Auctions

Konrad, Kai A. - CESifo - 2005

If firms compete in all-pay auctions with complete information, silent shareholdings introduce asymmetric externalities into the all-pay auction framework. If the strongest firm owns a large share in the second strongest firm, this may make the strongest firm abstain from bidding. As a...

Persistent link: https://www.econbiz.de/10005196292

All-pay-all Aspects of Political Decision Making

Giebe, Thomas; Schweinzer, Paul - CESifo - 2013

We study decision making processes with non-standard all-pay structures. We motivate this interest through a group of regulatory, political, legal, military, and economic applications where individual actions determine the consequences for a larger group or the public. The common features of...

Persistent link: https://www.econbiz.de/10010679377

Survival of New Firms in the Brazilian Franchising Segment: An Empirical Study

Facanha, Luis Otávio; Resende, Marcelo; Cardoso, Vicente; … - CESifo - 2011

The paper investigates survival patterns of Brazilian franchising firms during the 1994-1999 period. First, at a more … indicated a drastic decay in survival after only a few years and contrasts with the higher survival of firms in the franchising …

Persistent link: https://www.econbiz.de/10008872224

Voting under the Threat of Secession: Accommodation vs. Repression

Anesi, Vincent; Donder, Philippe De - CESifo - 2011

We build a model of secession crises where voters may wish to accommodate the minority to prevent secession. We show the existence of a majority voting equilibrium with a government’s type biased in favor of the minority. We propose a measure of secession risk and perform the comparative...

Persistent link: https://www.econbiz.de/10009021235

Conflicts with Multiple Battlefields

Dan Kovenock J.; Roberson, Brian - CESifo - 2010

on the technologies of conflict within each battlefield and the nature of economies or diseconomies in how battlefield … out-comes and costs aggregate in determining payoffs in the overall conflict. …

Persistent link: https://www.econbiz.de/10008671699

War and Natural Resource Exploitation

Ploeg, Frederick Van der; Rohner, Dominic - CESifo - 2010

Although the relationship between natural resources and civil war has received much attention, little is known about the underlying mechanisms. Controversies and contradictions in the stylized facts persist because resource extraction is treated as exogenous while in reality fighting affects...

Persistent link: https://www.econbiz.de/10008727286

Food Prices and Political Instability

Arezki, Rabah; Brückner, Markus - CESifo - 2011

We examine the effects that variations in the international food prices have on democracy and intra-state conflict … increase in the incidence of anti-government demonstrations, riots, and civil conflict. In the High Income Countries variations …-state conflict. Our empirical results point to a significant externality of variations in international food prices on Low Income …

Persistent link: https://www.econbiz.de/10009274520

Thanks but No Thanks: A New Policy to Reduce Land Conflict

Dufwenberg, Martin; Köhlin, Gunnar; Martinsson, Peter; … - CESifo - 2014

relations at low cost. A salient feature is the option to by-pass regulation through consensus. The key idea combines the … based on neighborly recognition of borders could deliver a desired low-conflict situation if accompanied by an optional …

Persistent link: https://www.econbiz.de/10010790172

1
2
3
4
5
6
7
8
Next
Last