Similar Search Results

Hernando-Veciana, Angel; Tröge, Michael - EconWPA - 2005

This paper studies an auction model in which one of the bidders, the insider, has better information about a common component of the value of the good for sale, than the other bidders, the outsiders. Our main result shows that the insider may have incentives to disclose her private information...

Persistent link: https://www.econbiz.de/10005561808

Little Firms and Big Patents: The Incentives To Disclose Competencies

Gick, Wolfgang - EconWPA - 2004

This paper offers a theoretical treatment of information disclosure through patenting. We consider a signaling model in …

Persistent link: https://www.econbiz.de/10005134533

False Modesty

Harbaugh, Rick; To, Dr. Theodore - EconWPA - 2005

Is it always wise to disclose good news? When both the sender and the receiver have private information about the sender's quality, we find that the worst sender type with good news has the most incentive to disclose it, so reporting good news can paradoxically make the sender look bad. If the...

Persistent link: https://www.econbiz.de/10005118518

Corporate governance in Greece: developments and policy implications

Spanos, Loukas - EconWPA - 2005

The upgrading of the Greek capital market and the effort to join other mature capital markets has posed corporate governance reform as a first priority. In addition, the 2004 Olympic Games put the Greek market in the international spotlight and will likely invite interest from foreign investors....

Persistent link: https://www.econbiz.de/10005561586

An Investigation of the Gains from Commitment in Monetary Policy

Schaumburg, Ernst; Tambalotti, Andrea - EconWPA - 2003

degrees of credibility, in which commitment and discretion become special cases of what we call quasi commitment. The monetary … measure of the (lack of) credibility of the monetary policy authority, we investigate the welfare effect of a marginal … increase in credibility. Our main finding is that, in a simple model of the monetary transmission mechanism, most of the gains …

Persistent link: https://www.econbiz.de/10005076809

Sustaining Imperfectly Credible Trade Liberalization: Do the Rate of Tariff Reduction and the Degree of Labor Mobility Matter?

Tatum, Robert C. - EconWPA - 2005

Imperfectly credible trade liberalization can lead to balance of payment deterioration and a subsequent reversal of the reform. Therefore, this paper examines whether the likelihood of policy reversal depends on the rate of tariff reduction or the degree of labor mobility. The analysis shows...

Persistent link: https://www.econbiz.de/10005125497

Liquidity Preference Theory Revisited—To Ditch or to Build on It?

Bibow, Joerg - EconWPA - 2005

Keynes’s analysis offers insights into practical issues, such as policy credibility and expectations management, that reach …

Persistent link: https://www.econbiz.de/10005126066

Stabilisations, Crises and the "Exit" Problem - A Theoretical Model

Bleaney, Michael; Gundermann, Marco - EconWPA - 2002

Exchange-rate-based stabilisations, even if successful, usually lack credibility initially. This is reflected in high …

Persistent link: https://www.econbiz.de/10005126376

The credibility of monetary policy: a survey of the literature with some simple applications to Caanda

Amano, Robert; Fenton, Paul; Tessier, David; Norden, … - EconWPA - 1996

We don't have an abstract yet, sorry. But I think the title is pretty descriptive.

Persistent link: https://www.econbiz.de/10005407873

Labour market flexibility and policy coordination in a monetary union

Rantala, Anssi - EconWPA - 2004

Sufficiently flexible labour markets are considered an important precondition for countries to benefit from membership in the monetary union. Economic policy coordination within the European Community is extensive and includes issues related to labour market structures. In this paper we study...

Persistent link: https://www.econbiz.de/10005412650