Showing 1 - 10 of 90
A man is a key subject of economics. “A man is irrational” - this opinion can be made from Allais paradox, risk …
Persistent link: https://www.econbiz.de/10008794157
Calls for liberalizing cash crop sectors in sub-saharan Africa have been voiced for decades. Yet, the impact of reforms remains elusive in empirical studies. This paper offers new opportunities to solve this problem by creating precise and consistent market organisation indices for 25 African...
Persistent link: https://www.econbiz.de/10010738787
Cotton sectors in Sub-Saharan Africa (SSA) were run by monopolistic para-statal organisms for a long time. They embarked upon a restructuring/liberalisation process as of the mid-1980s but the outcomes were mitigated at best. As these sectors resemble service distribution networks...
Persistent link: https://www.econbiz.de/10008789285
. Our simulations show that the various modalities of trade liberalization may have different impacts on the welfare, the …
Persistent link: https://www.econbiz.de/10008790791
of privatization/liberalization, at distinct modalities, within the implementation of globalization-oriented policies …
Persistent link: https://www.econbiz.de/10008791237
This essay develops the financial instability hypothesis of Hyman Minsky through an analysis of the pitfalls of the liberal regulatory framework in order to deal with long-standing and long-lasting financial issues of capitalist economies. It argues that the roots of the 2007/08 crisis are...
Persistent link: https://www.econbiz.de/10010899268
limits of that process. Then, a historical and global overview of the liberalization movement and the actual state of the … liberalization process in the water sector. Section III looks at how these factors operate in three models of liberalization … challenges of liberalization in the water sector, which have to do with guaranteeing integrity and coherence of water systems. …
Persistent link: https://www.econbiz.de/10010635242
all participants but with ambiguity (partial transparency). We show that, in theory, both communication strategies are … reducing the degree of transparency. We run a laboratory experiment to test whether theoretical predictions hold in a game … either communication strategy. This paper, however, makes a case for partial transparency rather than partial publicity …
Persistent link: https://www.econbiz.de/10009399195
This paper examines firms' incentives to commit to a transparent behavior (that precludes bribery) in a competitive procedure modeled as an asymmetric information beauty contest managed by a corrupt agent. In his evaluation of firms' offers for a public contract the agent has some discretion to...
Persistent link: https://www.econbiz.de/10010738742
We consider a two-player global game where creditors, who finance some investment project, have to decide whether to … increasing the probability of a financial crisis, and therefore provides an additional argument in favor of transparency in the …
Persistent link: https://www.econbiz.de/10010739015