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Welfare, Competition, Specialization and Growth
Onori, Daria - HAL - 2011
' welfare as a function of the parameter representing market power. We surprisingly find that, when the total labor force is … greater than a certain level, the welfare function is an inverted-N shape in the decentralized economy and monotonically …
Persistent link: https://www.econbiz.de/10008877006
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Opening the "black box" How internal reporting systems contribute to the quality of financial disclosure
Cavelius, Florence - HAL - 2011
investments. The purpose of this paper is to open the "black box" of the construction of financial disclosure by analyzing the …, the quality of the financial disclosure and the internal reporting systems are measured, and analyzed with a view to … finding some links between them. It is expected that the quality of disclosure is dependent on the quality of the internal …
Persistent link: https://www.econbiz.de/10010820808
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An Experiment in the Economic Consequences of Additional Disclosure: The Case of the Fair Value of Unlisted Equity Investments
Ding, Yuan; Jeanjean, Thomas; Lesage, Cédric; Stolowy, … - HAL - 2009
We investigate the economic consequences of additional disclosure about assets with no active market in terms of … value 24 investments. We manipulate the level of disclosure on the fair value of assets (Limited versus Full), the …. Full) disclosure, participants are given a point estimate for the fair value of the investment (resp. plus a range of …
Persistent link: https://www.econbiz.de/10008791819
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How Does the Stock Market Respond to Chemical Disasters?
Laguna, Marie-Aude; Capelle-Blancard, Gunther - HAL - 2010
In this paper, we examine the stock market reaction to industrial disasters. We consider an original sample of 64 explosions in chemical plants and refineries worldwide over the period 1990-2005. A quarter of the accidents resulted in a toxic release, and half of them caused at least one death...
Persistent link: https://www.econbiz.de/10010635087
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Existence of an equilibrium for lower semi-continuous information acquisition functions
Bialecki, Agnes; Haguet, Eleonore; Turinici, Gabriel - HAL - 2012
We consider a two period model in which a continuum of agents trade in a context of costly information acquisition and systematic heteroge- neous expectations biases. Because of systematic biases agents are sup- posed not to learn from others' decisions. In a previous work under some- how strong...
Persistent link: https://www.econbiz.de/10010752037
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Innovation and information acquisition under time inconsistency and uncertainty
Chemarin, Sophie; Orset, Caroline - HAL - 2008
This paper analyzes the impact of hyperbolic discounting preferences on theagent's information acquisition decision who wants to undertake a potentialdangerous activity for human health or the environment. We find that belowcertain discount rate threshold, an agent prefers ignoring information...
Persistent link: https://www.econbiz.de/10008793771
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Existence of an Equilibrium for Lower Semicontinuous Information Acquisition Functions
Bialecki, Agnes; Haguet, Eleonore; Turinici, Gabriel - HAL - 2014
We consider a two-period model in which a continuum of agents trade in a context of costly information acquisition and systematic heterogeneous expectations biases. Because of systematic biases agents are supposed not to learn from others' decisions. In a previous work under somehow strong...
Persistent link: https://www.econbiz.de/10010898572
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Relationship Between Natural Resources and Institutions
Couttenier, Mathieu - HAL - 2008
This article analyses through a rent seeking model, the relationship between institutions' quality and natural resources. Depending on the institutions quality, each country has a specific structural capacity to stand natural resources dependency. It is shown that for each country, a threshold...
Persistent link: https://www.econbiz.de/10010738686
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Conflict, Ideology and Foreign Aid
Arcand, Jean-Louis; Bah, Adama; Labonne, Julien - HAL - 2011
In this paper, we present a rent-seeking model of conflict, which highlights the role of ideology in determining whether the government or the rebels take the initiative. We use the model to interpret the impact of a large-scale Community-Driven Development project on civil conflict in the...
Persistent link: https://www.econbiz.de/10008794134
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The Cost of Pollution on Longevity, Welfare and Economic Stability
Raffin, Natacha; Seegmuller, Thomas - HAL - 2014
the complementarity between the three components of longevity on welfare and economic stability. At the steady state, we … show that an appropriate fiscal policy may enhance welfare. However, when pollution is heavily harmful for longevity, the … design of the public policy that may comply with the dynamic and welfare objectives. …
Persistent link: https://www.econbiz.de/10010933855