Similar Search Results

A Dynamic Analysis of Bid-Ask Spreads with Multiple Trade Sizes

Takayama, Shino; Ozsoylev, Han - EconWPA - 2005

This paper studies how the trade size and the historical sequence of trades affect bid-ask spreads, investors’ trading strategies, and the market maker’s learning process in a multi-period economy. First, we show that there is a nonzero cut-off size below which informed traders never buy or...

Persistent link: https://www.econbiz.de/10005413239

Jeopardy, non-public information, and insider trading around SEC 10-K and 10-Q filings

Huddart, Steven; Ke, Bin; Shi, Charles - EconWPA - 2005

Evidence contrasting insider trades in the U.S. between high- and low- jeopardy periods and across firms at high and low risk for 10b-5 litigation indicates insiders condition their trades on foreknowledge of price-relevant public disclosures, but avoid profitable trades when jeopardy due to...

Persistent link: https://www.econbiz.de/10005561011

Reputation and competence in publicly funded scientific research

Arora, Ashish; Gambardella, Alfonso - EconWPA - 1996

This paper studies an unusually comprehensive data-set of the universe of research groups that applied to an Italian 1989 93 research programme in biotechnology and bio-instrumentation. We develop a model to test whether past publications influence the expected grants obtained by the units in...

Persistent link: https://www.econbiz.de/10005076859

Long-Run Trends in Internal Migrations in Italy: a Study in Panel Cointegration with Dependent Units

Fachin, Stefano - EconWPA - 2005

The objective of this paper is to examine the long-run determinants of internal migrations from South Italy, and, in …

Persistent link: https://www.econbiz.de/10005556331

New Labor Legislation in Montenegro – Labor Law and Proposal of the General Collective Agreement

Krsmanovic, Ana - EconWPA - 2004

A key area of focus in the economic reform process and the design of a favorable business environment is labor market legislation. Montenegro has obviously failed in this area. After nearly 13 years since the beginning of the transition process, or five years since the beginning of Economic...

Persistent link: https://www.econbiz.de/10005076510

The Uneasy Case for the Flat Tax

Buckley, Francis; Rasmusen, Eric - EconWPA - 1999

There is a secret paradox at the heart of social contract theories. Such theories assume that, because personal security and private property are at risk in a state of nature, subjects will agree to grant Leviathan a monopoly of violence. But what is to prevent Leviathan from turning on his...

Persistent link: https://www.econbiz.de/10005076588

Of Regulatory Law

Carloff, Andy - EconWPA - 2005

Some thoughtful questions and linear answers to the economic, social, and political consequencs that comes with restrictive regulating laws. 'Regulatory law is where Socialism meets Liberalism; or what might be called the highest form of Liberalism, the lowest form of Socialism.'

Persistent link: https://www.econbiz.de/10005076636

Policy Reform in Networks Infrastructure: The Case of Mexico

Tovar-Landa, Ramiro - EconWPA - 1997

This paper addresses the recent Mexico experience in the opening to competition in networks infrastructure mainly in the telecommunications sector. In spite of deregulation and privatization policies in the recent past, there are threats from regulatory failures which create obstacles in the...

Persistent link: https://www.econbiz.de/10005076639

Understanding Regulatory Environments and their Impact on Economic Change

James, Harvey; Johnson, Derek - EconWPA - 2002

, conduct, and attribute regulation. The standard we use to evaluate the efficiency and effectiveness of regulations creating …

Persistent link: https://www.econbiz.de/10005076905

Revolutionary Ideas for Radio Regulation

Galbi, Douglas A. - EconWPA - 2003

. To get needed, radical changes in radio regulation, much more attention should be directed toward central issues of … that can revolutionize radio regulation. Bringing this knowledge to life in the field of radio regulation involves asking … three questions. First, what is a good separation and balance of powers in radio regulation? Second, how should radio …

Persistent link: https://www.econbiz.de/10005126024