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Diversity of human capital attributes and diversity of remunerating systems

Suleman, Fatima; Paul, Jean-Jacques - HAL - 2008

This paper aims at comparing the respective impact of the traditional Human Capital Variables (HCV) and of competences explicitly assessed on employees' remuneration. The data are derived from an original survey conducted in five large banking companies in Portugal. Six hundred clerks were...

Persistent link: https://www.econbiz.de/10008793127

BANKS RISK RACE: A SIGNALING EXPLANATION

Besancenot, Damien; Vranceanu, Radu - HAL - 2011

Many observers argue that the abnormal accumulation of risk by banks has been one of the major causes of the 2007-2009 nancial turmoil. But what could have pushed banks to engage in such a risk race? The answer brought by this paper builds on the classical signaling model by Spence. If banks'...

Persistent link: https://www.econbiz.de/10008793752

Four Myths and a Financial Crisis

Vranceanu, Radu - HAL - 2009

The main driving force of the financial crisis of 2007-2009 was a rapid deterioration of the trust of private agents in the quality of financial institutions. In turn, this loss of confidence entailed the collapse of several key asset markets and a sharp decline in the other asset prices. This...

Persistent link: https://www.econbiz.de/10008836778

Banks' risk race: A signaling explanation

Vranceanu, Radu; Besancenot, Damien - HAL - 2010

Many observers argue that the abnormal accumulation of risk by banks has been one of the major causes of the 2007-2009 financial turmoil. But what could have pushed banks to engage in such a risk race? The answer brought by this paper builds on the classical signaling model by Spence. If banks'...

Persistent link: https://www.econbiz.de/10008836783

Inefficiencies in the sale of ideas: theory and empirics

Allain, Marie-Laure; Henry, Emeric; Kyle, Margaret - HAL - 2011

the intensity of competition between potential buyers influence it. Empirical analysis of licensing contracts signed …

Persistent link: https://www.econbiz.de/10009368491

Financial Sector Competition in West African Economic and Monetary Union

LEON, Florian - HAL - 2012

This paper investigates the degree of competition in the WAEMU financial industry over the period 2002-2007 using firm … to assess the level of competition. The results show that the prevailing market structure in the WAEMU financial industry … is concentrated and financial intermediaries operate under imperfect competition. Although competition was fierce during …

Persistent link: https://www.econbiz.de/10010899373

Threshold of Preference for Collusion and Interconnection Fees in Different Market Structures : the Tunisian Mobile Market Case

Debbichi, Sami; Hichri, Walid - HAL - 2013

We present a Cournot model that compares the critical threshold of collusion in Duopoly and Oligopoly Markets where the actors are private, mixed or public. We assume that the incentive critical threshold for collusion depends on the interconnection fees. The different threshold values...

Persistent link: https://www.econbiz.de/10010899868

Welfare, Competition, Specialization and Growth

Onori, Daria - HAL - 2011

In this paper we consider a simple model of horizontal differentiation and derive the closed form solutions for the level of the variables in the decentralized economy and in the social planner case. This enables us to analyze consumers' welfare as a function of the parameter representing market...

Persistent link: https://www.econbiz.de/10008877006

Hidden Information, Bargaining Power, And Efficiency: An Experiment

Cabrales, Antonio; Charness, Gary; Villeval, Marie-Claire - HAL - 2011

number of agents because competition reduces the agents' informational monopoly power. However, this environment also … tendency to choose more 'generous' (and more efficient) contract menus over time. We find that competition leads to a … substantially higher probability of trade, and that, overall, competition between agents generates the most efficient outcomes. …

Persistent link: https://www.econbiz.de/10009220690

Competition, Innovation and Distance to Frontier

Amable, Bruno; Demmou, Lilas; Ledezma, Ivan - HAL - 2008

According to a recent literature, the positive effect of competition is supposed to be growing with the proximity to … the technological frontier. Using a variety of indicators, the paper tests the effect of competition and regulation on … 1979-2003. Results show no evidence of a positive effect of competition growing with the proximity to the frontier. Two …

Persistent link: https://www.econbiz.de/10010738552