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“One Man, One Dollar”? Examining the equalization argument in support of campaign contribution limits
Vanberg, Christoph - EconWPA - 2005
Arguably the most important campaign finance regulations in U.S. federal elections are limits imposed on the amount … grounds. The first is that they prevent corruption, the second is that they democratize the financing of campaigns by … attention to a number of implicit assumptions underlying the corresponding money primary analogy for campaign fund-raising. The …
Persistent link: https://www.econbiz.de/10005125869
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Funding Asymmetries in Electoral Competition: How important is a level playing field?
Vanberg, Christoph - EconWPA - 2004
I investigate the idea that campaign spending limits may help to level the playing field in electoral competition between parties who have unequal access to campaign funds. The model assumes that the supporters of one party are on average wealthier than those who support a competing party....
Persistent link: https://www.econbiz.de/10005076597
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Credit Rationing, Bankruptcy Cost, and Optimal Debt Contract for Small Business
Yan, Ying - EconWPA - 1996
This paper examines the relationship between debt contract and the process of resolving financial distress, through either debt restructuring or bankruptcy procedure. It effectively justifies the popularity of the standard debt contract by demonstrating that the standard debt contract is the...
Persistent link: https://www.econbiz.de/10005561709
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International versus Domestic Auditing of Bank Solvency
Feltenstein, Andrew; Lagunoff, Roger - EconWPA - 2003
This paper examines alternative ways to prevent losses from bank insolvencies. It is widely viewed that transparency in reporting bank balance sheets is a key element in reducing such losses. It is, however, unclear just how such transparency would be achieved. Current approaches to avoiding...
Persistent link: https://www.econbiz.de/10005076731
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Beyond implied volatility: extracting information from option prices
CONT, Rama - EconWPA - 1998
After a brief review of option pricing theory, we introduce various methods proposed for extracting the statistical …
Persistent link: https://www.econbiz.de/10005134697
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Measuring Loss Potential of Hedge Fund Strategies
Prado, Marcos Mailoc López de; Peijan, Achim - EconWPA - 2005
We measure the loss potential of Hedge Funds by combining three market risk measures: VaR, Draw-Down and Time Under-The-Water. Calculations are carried out considering three different frameworks regarding Hedge Fund returns: i) Normality and time-independence, ii) Non-normality and time-...
Persistent link: https://www.econbiz.de/10005134729
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Incumbency Effects in German and British Elections: A Quasi- Experimental Approach
Hainmueller, Jens; Kern, Holger Lutz - EconWPA - 2005
incumbency in British and German post-World War II elections. The RDD framework exploits the randomized variation in incumbency … incumbency literature. In both British and German federal elections, we find that party incumbency has a signifcant positive …
Persistent link: https://www.econbiz.de/10005412454
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Voting for Voters: A Model of Electoral Evolution
Barberà, Salvador; Maschler, Michael; Shalev, Jonathan - EconWPA - 1998
elections at the beginning of each period; one vote is sufficient for admission, and voters can support as many candidates as …
Persistent link: https://www.econbiz.de/10005118533
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Tax Evasion and Corruption in Tax Administration
Acconcia, Antonio; D'Amato, Marcello; Martina, Riccardo - EconWPA - 2003
Persistent link: https://www.econbiz.de/10005556911
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Privatizing Profits of Bulgaria's State Enterprises, TRANSITION newsletter about transition economies, The World Bank, Vol. 6, No.3, March 1995.
Bogetic, Zeljko; Hillman, Arye - EconWPA - 2005
The note documents and discusses the modalities and consequences of the phenomenon of siphoning profits of state enterprises for private uses by state enteprise managers and insiders in Bulgaria during the period of early transition.
Persistent link: https://www.econbiz.de/10005076580