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The Equal Opportunity Rule in Transfer of Control: A Contractual Model
Bruslerie, Hubert De La - HAL - 2010
The equal opportunity rule is seen as protecting investors in the event of a transfer of control. This rule is analyzed in a setting of information asymmetry and future private benefits between the new controlling shareholders and the outside investors. Both parties need to design a new implicit...
Persistent link: https://www.econbiz.de/10009650745
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Equal opportunity rule vs. market rule in transfer of control: How can private benefits help to provide an answer?
Bruslerie, Hubert De La - HAL - 2013
Having been introduced in the European Union and in many other countries, the equal opportunity rule is seen as protecting investors in the event of a transfer of control. This rule should be analyzed in a context of appropriation of private benefits between the new controlling shareholders and...
Persistent link: https://www.econbiz.de/10010898881
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Defensive strategies in the quality ladders
Ledezma, Ivan - HAL - 2008
leader firm or its competitors). Regulation can have either a positive or a negative effect on R&D intensity. It can be …
Persistent link: https://www.econbiz.de/10010930195
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The Paris financial market in the 19th century: an efficient multi-polar organization?
Hautcoeur, Pierre-Cyrille; Riva, Angelo - HAL - 2007
The literature in financial history usually considers London as the only centre of the late 19th century's financial globalization, and explains it at least in part by the efficient microstructure (organization) of the London Stock Exchange (LSE). The LSE is characterized as having been a little...
Persistent link: https://www.econbiz.de/10010930243
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Transforming financial OTC Markets. Struggles around categories
Huault, Isabelle; Rainelli-Weiss, Hélène - HAL - 2011
Regulating financial OTC markets.
Persistent link: https://www.econbiz.de/10009650045
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Smart grids : Another step towards competition, energy security and climate change objectives
Clastres, Cédric - HAL - 2011
The deployment of smart grids in electricity systems has given rise to much interdisciplinary research. The new technology is seen as an additional instrument available to States to achieve targets for promoting competition, increasing the safety of electricity systems and combating climate...
Persistent link: https://www.econbiz.de/10009278325
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Le courant de la régulation, un apport ancien mais caché à l'économie du développement ?
Vernières, Michel - HAL - 2008
La relecture des travaux du séminaire "régulation et développement" (1996-1999)permet de montrer que la théorie de la … régulation constitue une assise solide pour l'analyse des pays en développement. A cette fin, l'utilisation analytique des formes …
Persistent link: https://www.econbiz.de/10010750996
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Financial instability and functional finance : a Lerner-Minsky perspective
Ülgen, Faruk - HAL - 2012
The 2007/08 financial crisis results in two major problems that issue difficult challenges for the economic theory and policy. The first challenge is the rise of unemployment notwithstanding growing imbalances of budget deficits. The second is the monetary and financial instability threatening...
Persistent link: https://www.econbiz.de/10010898561
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Inclusion of the aviation sector into the emission trading scheme : an economic analysis
Malavolti, Estelle; Podesta, Marion - HAL - 2011
The air transport sector is going to enter the European Trading Scheme in 2012. The regulation of CO2 emissions is … regulation but also CO2 emissions of airlines are modelled. We show that, in a perfect competition setting, the difference … between passengers carried without regulation and when the regulation is considered is negative for the best-performing planes …
Persistent link: https://www.econbiz.de/10010898851
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How to guide the economy towards socially desirable directions ? Some institutional lessons from the 2007 financial turmoil
Ülgen, Faruk - HAL - 2014
This article maintains that capitalist market economies have a threefold composite characteristic (the central role of money and financial relations, the crucial role of institutional patterns, and the macro nature of stability and viability concerns) that makes social control a consistent way...
Persistent link: https://www.econbiz.de/10010899093