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Financial Crises and the Presence of Foreign Banks

Tschoegl, Adrian E. - EconWPA - 2004

The paper distinguishes between the classic or traditional foreign banks with their emphasis on corporate and wholesale banking, and the innovators responding to transition, deregulation or crisis in emerging markets. The innovators come in three varieties—bettors, prospectors and...

Persistent link: https://www.econbiz.de/10005556647

The Dynamics of Returns to Education in Kenyan and Tanzanian Manufacturing

Söderbom, Måns; Teal, Francis; Wambugu, Anthony; … - EconWPA - 2004

this paper we use data from Kenya and Tanzania to estimate returns to education for manufacturing workers and examine how … convexity amongst the young. We also find evidence of increasing convexity over the 1990s in Tanzania, but remarkable stability …

Persistent link: https://www.econbiz.de/10005118714

Preventing competition because of “solidarity”: Rhetoric and reality of airport investments in Spain

Bel, Germà; Fageda, Xavier - EconWPA - 2005

Spain is the only large European country in which airport management is strictly centralized and publicly owned. This peculiar institutional setting prevents competition among Spanish airports, and policy makers and bureaucrats in charge of the system regularly justify it on grounds of...

Persistent link: https://www.econbiz.de/10005125961

Is Perfect Price Discrimination Really Efficient? An Analysis of Free Entry Equilibria

Bhaskar, V.; To, Ted - EconWPA - 2000

discrimination ensures efficient output decisions given product characteristics, coordination failures may prevent efficiency in the …

Persistent link: https://www.econbiz.de/10005076900

Advertising, Pricing & Market Structure in Competitive Matching Markets

Bataille, Edner; Julien, Benoit - EconWPA - 2005

This paper develops a model of pricing and advertising in a matching environment with capacity constrained sellers. Sellers' expenditure on directly informative advertising attracts consumers only probabilistically. Consumers who happen to observe advertisements randomize over the advertised...

Persistent link: https://www.econbiz.de/10005076903

DO EXTERNAL FUNDS YIELD LOWER RETURNS ? RECENT EVIDENCE FROM EAST ASIAN ECONOMIES

Pal, Sarmistha; Driffield, Nigel - EconWPA - 2003

Using a large firm level panel data set from four Asian countries, this paper compares the returns to various internal and external funds. A novel feature of our analysis is that we distinguish between financially constrained and unconstrained firms and determine selectivity-corrected estimates...

Persistent link: https://www.econbiz.de/10005076952

Nonparametric Efficiency Testing of Asian Stock Markets Using Weekly Data

LOS, CORNELIS A. - EconWPA - 2004

The efficiency of speculative markets, as represented by Fama's 1970 fair game model, is tested on weekly price index … efficiency of nervous systems. In particular, the stationarity and independence of the price innovations are tested over ten … stock market efficiency is: Singapore, Thailand, Indonesia, Malaysia, Hong Kong and Taiwan. Singapore's stock market pricing …

Persistent link: https://www.econbiz.de/10005076962

Efficiency-Enhancing Signalling in the Samaritan's Dilemma

Lagerlof, Johan - EconWPA - 2002

Suppose an altruistic person, A, is willing to transfer resources to a second person, B, if B comes upon hard times. If B anticipates that A will act in this manner, B will save too little from both agents' point of view. This is the Samaritan's dilemma. The logic of the dilemma has been...

Persistent link: https://www.econbiz.de/10005077070

Efficiency, subsidies and environmental adaptation of animal farming under CAP.

Mesonada, Carlos San Juan; Sperlich, Stefan; Murillo, Carmen - EconWPA - 2005

, subsidies and efficiency the of animal farming. To this end we first have to identify the production frontier and relative … efficiency level for each animal oriented type of farm in the sample. The production frontier and efficiency index for each type … between relative efficiency, farm size and environmentally friendly behavior realizing a non parametric regression of …

Persistent link: https://www.econbiz.de/10005124877

Search, Mismatch and Unemployment

Blázquez, Maite; Jansen, Marcel - EconWPA - 2005

Persistent link: https://www.econbiz.de/10005125814