Showing 1 - 10 of 16
Using the four Biotechnology Uses and Development surveys of Statistics Canada, we analyse the relative importance of funding and support as well as collaboration and contracting, R&D and IP strategies on the propensity to patent of Canadian biotechnology firms. Our model accounts for the...
Persistent link: https://www.econbiz.de/10009350696
With assertion of collusive behavior in public construction projects, this report looks at the best practices meant to detect and to deter collusion in procurement. Based on regulatory frameworks, an overview of actual processes in public procurement and of construction industry regulation is...
Persistent link: https://www.econbiz.de/10008646901
-leisure trade-off. We allow workers a choice between two contracts: a piece rate contract, wherein he is paid per unit of service … simulate elasticities and the effects of ex ante reforms on physician contracts. Our results show that physician services and …
Persistent link: https://www.econbiz.de/10008646904
German unions do in fact bargain over both wages and employment, but that the models of individualistic contracts, such as …. Furthermore, we explore the heterogeneity of contracts over a variety of worker and job characteristics. In particular, we find … evidence that contracts differ across industries and across firm size. Workers of large firms are remarkably more insulated …
Persistent link: https://www.econbiz.de/10005627157
This paper assesses the merits of countercyclical bank balance sheet regulation for the stabilization of financial and economic cycles and examines its interaction with monetary policy. The framework used is a dynamic stochastic general equilibrium modelwith banks and bank capital, in which bank...
Persistent link: https://www.econbiz.de/10009391934
This paper looks at the dynamic properties of insurance contracts when insurers have better technology at preventing … catastrophic losses than the insured. The prevention technology is owned by the insurers and is permanent. If long-term contracts …
Persistent link: https://www.econbiz.de/10005100695
We characterize the distortions in environmental liability sharing between firms and banks that the imperfect implementation of government policies implies. These distortions stem from three factors: the presence of moral hazard, the use of objective functions by firms and banks that differs...
Persistent link: https://www.econbiz.de/10005100710
This paper examines the pattern of intertemporal trade between countries with different distribution of wealth. We also examine the consequences of redistribution policies in this framework. The driving force of our model are risk aversion, capital market imperfections, and costs associated with...
Persistent link: https://www.econbiz.de/10005100738
contracts of both agents. Greater inequality aversion reduces the effort, wage and payoff of agent 1, while the effects on the …
Persistent link: https://www.econbiz.de/10005100739
This paper considers the information systems induced by auditing policies in a principal-agent model with moral hazard. We point out that two such information systems A and B are seldom comparable using the customary mean-preserving spread relation between their respective likelihood ratio...
Persistent link: https://www.econbiz.de/10005100759