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Advances in economic theory ; Vol. 1
Laffont, Jean-Jacques (contributor) - 1992
Persistent link: https://www.econbiz.de/10000344425
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Theoretical economics : TE ; journal of the Econometric Society
Society for Economic Theory; Econometric Society - New York, NY : Econometric Society; 2006-2014: Toronto - 1.2006 -
Persistent link: https://www.econbiz.de/10003587419
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The Effect of Cross Ownership on Competition in Auction Markets
Waehrer, Keith; Greenlee, Patrick - Econometric Society - 2004
We consider a model where bidders in an auction own passive partial claims over their rivals’ auction profits. While …-value auction, we find that such cross ownership has an effect similar to reducing the number of bidders while holding constant the … distribution of the highest value in the auction. A similar decrease in competition occurs in independent private-value second …
Persistent link: https://www.econbiz.de/10005329010
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Precautionary Bidding in a Dynamic Model of Discrete Noncooperative Entry Deterrence
Varma, Gopal Das - Econometric Society - 2004
We consider competitive bidding for a business license, via an open ascending-price auction, between two symmetric …
Persistent link: https://www.econbiz.de/10005342186
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On the Discretion of Adjudicators
Shavell, Steven - Econometric Society - 2004
A possible view of the role of an adjudicator is that it is to obtain the information that is needed to apply a well-articulated legal rule. That is, the task of an adjudicator in a case is to gather and verify the information that is called for to employ a legal rule, but that once the required...
Persistent link: https://www.econbiz.de/10005342203
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Agency costs and asymmetric information in a small open economy: a dynamic general equilibrium model
Kim, Kunhong; Claus, Iris - Econometric Society - 2004
This paper assesses the effects of agency costs and asymmetric information in credit markets. Asymmetric information and agency costs occur whenever lenders delegate control over resources to borrowers, leading to adverse selection, moral hazard and monitoring costs because of the inability to...
Persistent link: https://www.econbiz.de/10005342290
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Relationship Banking in Bilateral Oligopoly and Asymmetric Information
Chang, Yoonhee Tina - Econometric Society - 2004
This paper investigates the economic principles underlying the relationship between the real sector (non-financial) and the banking sector structures. Most literature has so far focused on the structure of conglomerates (Keiretsu/Chaebol) in East Asia in explaining the fast economic growth...
Persistent link: https://www.econbiz.de/10005342309
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Coalition Formation and Asymmetric Information in a Legislative Bargaining Game
Tsai, Tsung-Sheng - Econometric Society - 2004
To investigate players' incentives in coalition formation, we consider a legislative bargaining game with asymmetric information about time preferences. The force that does not exist in usual bargaining games with unanimity is that due to majority rule, if a player signals himself as the patient...
Persistent link: https://www.econbiz.de/10005342329
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Asymmetric Information, Stock Returns and Monetary Policy: A Theoretical and Empirical Analysis
Tas, Bedri Kamil Onur - Econometric Society - 2004
It is known that stock returns are affected by monetary policy. This paper theoretically and empirically investigates whether asymmetric information between the Federal Reserve and the public causes the relation between stock returns and monetary policy actions. The paper concludes that...
Persistent link: https://www.econbiz.de/10005130171