Showing 1 - 10 of 24
interactions, direct and indirect reputation and memory constraints that is crucial for the emergence of cooperation. Taken by …
Persistent link: https://www.econbiz.de/10008500662
This paper analyses a finitely repeated wage bargaining game, where the union's strike decision is endogenous, but there is incomplete information about his striking strategy space. We characterize the equilibrium path and the equilibrium payoff of all Sequential Equilibria, following the...
Persistent link: https://www.econbiz.de/10008542867
investors and private equity managers in order to identify the factors that affect the latter's reputation. Since there are no … individual references about their past returns, the reputation of such players is thought to be linked to their capacity for … obtaining new funds in countries such as Spain. Two groups of variables that might affect reputation are identified: variables …
Persistent link: https://www.econbiz.de/10005212511
In a previous work, Forner and Marhuenda (2001) find that the contrarian strategy, thatis, the forming of a zero-investment portfolio that buys the stocks that have performed poorly inthe past (losers) and sells those that have performed well (winners), does not yield abnormallypositive returns...
Persistent link: https://www.econbiz.de/10005515799
versus efficiency, presenting as its main contribution the use of a direct measurement of efficiency. This measurement is … furthermore, the results allow us to reject in most cases the pure hypothesis of efficiency, as although efficiency does …
Persistent link: https://www.econbiz.de/10005515829
new markets. The aim of this paper is to analyse the efficiency and the credit risk of the banks of the most important … adjustments for risk are important in the case of profit efficiency but not in the case of cost efficiency. La implantación del …
Persistent link: https://www.econbiz.de/10005515839
applying for grants. Finally, the third objective of this study, is to evaluate the efficiency of the Spanish scholarship … aids to study presents serious limitations on equity as well as on efficiency. Los objetivos de este trabajo son, en primer …
Persistent link: https://www.econbiz.de/10005515846
The aim of this paper is to analyse the efficiency of the travel agencies operatingin Spain, and to examine the … determining factors of such efficiency, in terms of verticalintegration, market concentration, size and performance. The … methodology employed is based on different techniques for the measurement of the efficiency (stochastic frontier production …
Persistent link: https://www.econbiz.de/10005515859
This study analyzes the links between efficiency and the decentralization of competencies among Spanish local … municipalities were conferred on more competencies. In addition, the likely efficiency gains from enhanceddecentralization increase …
Persistent link: https://www.econbiz.de/10005812818
The objective of this study is to analyze the macroeconomic performance of 16 Ibero- American countries over the period 1980- 199 1. Macroeconomic performance is defined as the ability of a country's macroeconomic managers to provide four welfare-enhancing economic services to their citizens: a...
Persistent link: https://www.econbiz.de/10005731123