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Sequential International Joint-Ventures and the Option to Choose

Lukas, Elmar - EconWPA - 2005

The purpose of this study is to formalize the optimal choice of market entry strategy for an individual multinational enterprise (MNE) from a dynamic perspective. It is argued that incorporating a suitable treatment of irreversibility, uncertainty and flexibility related to a MNEs investment...

Persistent link: https://www.econbiz.de/10005125492

Collusion and Commitment in Bank Bailout

ZHANG, Yanhua - EconWPA - 2005

phenomena has been neglected in the research of banking regulation. The present paper addresses this issue in a simple model of …

Persistent link: https://www.econbiz.de/10005134539

Are Oligarchs Productive? Theory and Evidence

Gorodnichenko, Yuriy; Grygorenko, Yegor - EconWPA - 2005

This paper develops a partial equilibrium model to account for stylized facts about the behavior of oligarchs, politically and economically strong conglomerates in transition and developing countries. The model predicts that oligarchs are more likely than other owners to invest in productivity...

Persistent link: https://www.econbiz.de/10005407700

Anti-corruption programmes in post-communist transition countries and changes in the business environment, 1999-2002

Steves, Franklin; Rousso, Alan - EconWPA - 2004

This paper analyses the anti-corruption activities of 24 transition countries in the period 1999-2002. These activities are divided into omnibus anti-corruption programmes, legislative reform aimed at tackling corruption, and adherence to international anti-corruption conventions. The paper...

Persistent link: https://www.econbiz.de/10005412534

Too many to fail? Inter-enterprise arrears in transition economies

Hildebrandt, Antje - EconWPA - 2002

In advanced market economies, the use of trade credits is an important way of short-term financing and generally considered as being part of normal business practice. Some transition economies, however, have experienced a rapid accumulation of trade credits which have led to interlocking webs of...

Persistent link: https://www.econbiz.de/10005556025

The Macroeconomics of Massive Giveaways

Gouret, Fabian - EconWPA - 2004

In a framework similar to the models of expectation on economic policy, we purpose a model where the government subsidizes firms privatized by massive giveaways to the managers who are empire- builders. The government injects funds because its aim is to avoid a drastic fall of output when a...

Persistent link: https://www.econbiz.de/10005556046

SOCIO-ECONOMIC DEVELOPMENT : A POLITICO - FINANCIAL OVERVIEW

Dr.VSR.Subramaniam - EconWPA - 2004

National level. Different Financial Management Techniques are used under the two divergent political setups, namely the … pre-assessed and fixed by the State. The financial management is taken care by the State Bank. These financial overviews …, Closed Cycle Economics and the Productivity relationship of the Prime component Manpower, respectively. This Research Paper …

Persistent link: https://www.econbiz.de/10005556918

SOCIO-ECONOMIC DEVELOPMENT : A POLITICO - FINANCIAL OVERVIEW

Subramaniam, Viswanatha Sankara Rama - EconWPA - 2004

National level. Different Financial Management Techniques are used under the two divergent political setups, namely the … contributions at micro level. Under this setup, the national demand is pre-assessed and fixed by the State. The financial management …/Communist setup, Closed Cycle Economics and the Productivity relationship of the Prime component Manpower, respectively. This Research …

Persistent link: https://www.econbiz.de/10005560985

Trust in Transition: Cross-country and Firm Evidence

Raiser, Martin; Rousso, Alan; Steves, Franklin - EconWPA - 2004

This paper uses data from a large survey of firms across 26 transition countries to examine the determinants of trust in the transition process. We first introduce a new measure of trust between firms: the level of prepayment demanded by suppliers from their customers in advance of delivery....

Persistent link: https://www.econbiz.de/10005118924

The Last Word on Giffen Goods?

Nachbar, John H. - EconWPA - 1996

Giffen goods have long been a minor embarrassment to courses in microeconomic theory. The standard approach has been to dismiss Giffen goods as a theoretical curiosity without empirical content. This note points out that the underlying theory is itself seriously flawed.

Persistent link: https://www.econbiz.de/10005125678