Showing 1 - 10 of 31
Decentralization reforms typically lead to the coexistence of multiple tiers of government in a given policy area. To analyze the welfare effects of such partial decentralization, this paper develops a political agency model in which two levels of government are involved in public good provision...
Persistent link: https://www.econbiz.de/10005027209
Available resources can often be limited with regard to the number of demands. In this paper we propose an approach for solving this problem which consists of using the mechanisms of multi-item auctions for allocating the resources to a set of software agents. We consider the resource problem as...
Persistent link: https://www.econbiz.de/10005627171
We analyze a model of lobbying by oligopolists who allocate resources between lobbying and internal cost …-reducing activities. We ask the following questions: (i) if firms differ with respect to comparative advantage in lobbying, what is the … equilibrium allocation of resources between lobbying and cost-reducing activities? (ii) can the possibility of lobbying reverse …
Persistent link: https://www.econbiz.de/10005101083
In this paper, we empirically investigate Canadian initial public offerings (IPOs) to provide one case on the international evidence on the long-run performance of IPOs. Specifically, we examine whether the choice of a performance measurement methodology directly determines both the size and...
Persistent link: https://www.econbiz.de/10005100659
entreprises qui n'appartiennent pas à cette catégorie, au Canada. La répartition dans les différentes catégories repose sur l …
Persistent link: https://www.econbiz.de/10005100811
observed for the private VC sector in Canada. Finally, the comparison of the returns shows that the public VC market … est prés de quatre fois supérieur à celui mesuré pour le marché privé. Au Canada, le marché public amène sept fois plus de …
Persistent link: https://www.econbiz.de/10005100826
the IPO market in Canada is «good» only for large offerings. We have entertained a number of possible explanations for the … Capital Pool. Les résultats montrent que la sous évaluation initiale persiste au Canada, en moyenne. Toutefois, le degrés de … de taille moyenne et de grande taille semblent correctement évalués au Canada, contrairement à ce que l'on observe sur la …
Persistent link: https://www.econbiz.de/10005100896
in the universe of firm-commitment and best-effort IPOs in Canada and in the United States, from 1997 to 1999, and …
Persistent link: https://www.econbiz.de/10005100915
This paper measures factor productivities (and hence total factor productivity growth) directly on the basis of the fundamentals of the economy (endowments, preferences and technology), without recourse to market prices. The factor productivities are the Lagrange multipliers of a linear program...
Persistent link: https://www.econbiz.de/10005101009
croissance de la productivité au Canada est passée du changement technique aux améliorations des termes de l'échange. …
Persistent link: https://www.econbiz.de/10005101031