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, which is an important concern of the State Bank of Pakistan (SBP). So the best policy option for SBP is to encourage mergers …
Persistent link: https://www.econbiz.de/10009363799
transact small volumes. Although this profile may raise some concerns regarding reputational risks for the central bank and …
Persistent link: https://www.econbiz.de/10011278058
transact small volumes. Although this profile may raise some concerns regarding reputational risks for the central bank and …
Persistent link: https://www.econbiz.de/10011278157
This paper discusses the role of state intervention for prevention, containment, and resolution of financial crises based mainly on the Korean experience during the 1997 Asian financial crisis. Crises in emerging market and developing economies tend to be more complicated than those faced by...
Persistent link: https://www.econbiz.de/10009363798
of CRAs and prevent conflicts of interests. But it can do nothing to address the repeated calls for greater competition …
Persistent link: https://www.econbiz.de/10009363895
This paper focuses on the pricing behavior of Japanese and United States firms selling their identical products in New York City, Chicago, Osaka, and Tokyo. The authors utilize some simple models of international price dispersion and market segmentation that generate predictions about testable...
Persistent link: https://www.econbiz.de/10011277998
In this paper, we develop a model of collusion in which two firms play an infinitelyrepeated Bertrand game when each firm has a privately-informed agent. The colluding firms, fixing prices, allocate market shares based on the agents information as to cost types. We emphasize that the presence of...
Persistent link: https://www.econbiz.de/10009363625
rate, environmental damage and social welfare, under alternative modes of product market competition. It shows that, under … differentiation, irrespective of the mode of competition. The possibility of emission tax rate to be positive and lower for more … differentiated products, under quantity (price) competition, is higher (lower) in case of delegation than that in case of no …
Persistent link: https://www.econbiz.de/10009365041
This paper summarizes the procedure for the economic evaluation of government projects and policy reforms. It begins with the social welfare function underpinnings of cost-benefit analysis including the role of distributive weights and the choice of numeraire. It then turns to the conduct of a...
Persistent link: https://www.econbiz.de/10009365232
market competition, Cournot and Bertrand. It shows that the cost of technology has differential impact on technology adoption …, that is, on cost-efficiency of the industry, under two alternative modes of product market competition. The possibility of … ex post cost asymmetry between firms is higher under Bertrand competition than under Cournot competition. If the cost of …
Persistent link: https://www.econbiz.de/10009365351