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Ottaviani, Marco; Sorensen, Peter - EconWPA - 1999

Professional experts offer advice with the objective of appearing well informed. Their ability is evaluated on the … basis of the advice given and the realized state of the world. We model this situation as a reputational cheap-talk game … truthtelling, and learning on the expert's ability is slow. …

Persistent link: https://www.econbiz.de/10005550867

Seeking information: the role of information providers in the policy decision process.

Swank Otto H. - EconWPA - 2000

The consequences of many policies are complicated and difficult to foresee. Those who are capable of providing information to policy makers often have a vested interest in the outcomes. This gives them an incentive to distort information to manipulate policy decisions. In this article we argue...

Persistent link: https://www.econbiz.de/10005125873

Integrating success factors and group attitudes into the valuation of a company

Amen, Matthias - EconWPA - 2003

In the process of valuation of a company usually a number of experts work together in a team. The valuation formulas are usually based on several financial figures like the expected discounted cash flows and the expected cost of capital. But it is also based on an evaluation of the success...

Persistent link: https://www.econbiz.de/10005561732

Bank exit legislation in US, EU and Japanese financial centres

Granlund, Peik - EconWPA - 2004

This paper analyses bank exit (ie reorganisation and liquidation) legislation in selected financial centres: New York, London, Frankfurt, Helsinki and Tokyo. The focus is on bank exit legislation applicable to commercial banks. The legislation is analysed from the perspective of bank...

Persistent link: https://www.econbiz.de/10005134685

Economic evaluation of bank exit regimes in US, EU and Japanese financial centres

Granlund, Peik - EconWPA - 2004

This paper evaluates bank exit regimes in selected financial centres using econometric methods. The focus is on bank exit regimes applicable to commercial banks in New York, London, Frankfurt, Helsinki and Tokyo in 1998–2002. Bank exit regimes are studied from the perspective of bank creditors...

Persistent link: https://www.econbiz.de/10005134896

Financiële stabiliteit: de rol van DNB

Haas, Ralph de; Vor, Marc de - EconWPA - 2002

DNB bewaakt de stabiliteit van ons financiële stelsel via het monetaire beleid, het toezicht en de zorg voor het betalingsverkeer. Deze gezamenlijke taakuitoefening biedt belangrijke voordelen.

Persistent link: https://www.econbiz.de/10005412465

Risk in Financial Conglomerates: Management and Supervision

Lelyveld, Iman van; Schilder, Arnold - EconWPA - 2003

institutional set-up, we turn to the discussion of the following question: How can a supervisor devise a framework of supervision …

Persistent link: https://www.econbiz.de/10005413195

The Bad Government: A Source of Uncertainty and Business Fluctuations

Harashima, Taiji - EconWPA - 2004

Uncertainty represented by volatilities in equity markets has been observed to be time-variable and lead output fluctuations. In the rational expectation framework, uncertainty with this nature needs exogenous variables with time-varying volatilities, but technology, tastes and fiscal and...

Persistent link: https://www.econbiz.de/10005077043

Collusion and Renegotiation in a Principal-Supervisor-Agent- Relationship (REVISION)

Strausz, R. - EconWPA - 1995

This paper describes a principal-agent relationship with a supervisor who has information about the agent. The agent and the supervisor have the possibility to collude and misinform the principal. In accordance with the existing literature there exists an optimal contract which excludes...

Persistent link: https://www.econbiz.de/10005118635

Can forgetful sellers be better off? Impact of information in an ultimatum price-setting game with learning

Cotton, Christopher - EconWPA - 2005

This paper introduces learning dynamics into a posted-offer pricing game, in which sellers observe past …

Persistent link: https://www.econbiz.de/10005550883