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Optimal Environmental Standards under Asymmetric Information and Imperfect Enforcement
Arguedas, C. - Tilburg University, Center for Economic Research - 2005
We study optimal policies composed of pollution standards, probabilities of inspection and fines dependant on the degree of noncompliance with the standards, in a context where regulated firms own private information.In contrast with previous literature, we show that optimal policies, being...
Persistent link: https://www.econbiz.de/10011092086
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The Dilemma of Tax Competition : How (not) to attract (Inefficient) Firms?
Diaw, K.; Pouyet, J. - Tilburg University, Center for Economic Research - 2004
We consider a tax competition game between asymmetrically un-informed governments. Two governments simultaneously … countries or not operate at all, then the tax competition game features two equilibria. In one equilibrium, efficient MNFs are …
Persistent link: https://www.econbiz.de/10011090791
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Pollution Standards, Costly Monitoring and Fines
Arguedas, C. - Tilburg University, Center for Economic Research - 2005
We investigate the features of optimal regulatory policies composed of pollution standards and probabilities of inspection, where fines for non-compliance depend not only on the degree of violation but alson on nongravity factors.We show that optimal policies can induce either compliance or...
Persistent link: https://www.econbiz.de/10011091942
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Adverse Selection Without Single Crossing
Schottmuller, C. - Tilburg University, Center for Economic Research - 2011
Some results can be readily applied. For example, overinsurance, i.e. insurance levels above first best as in 'Cadillac' insurance plans, can be rationalized. In a non-linear pricing framework, the model also provides an explanation for marginal prices below marginal costs as observed in flat...
Persistent link: https://www.econbiz.de/10011091519
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Bank Competition and Stability : Cross-country Heterogeneity (Revised version of CentER DP 2011-080)
Beck, Thorsten; De Jonghe, Olivier; Schepens, G. - Tilburg University, Center for Economic Research - 2012
Abstract: This paper documents large cross-country variation in the relationship between bank competition and bank … in competition will have a larger impact on banks’ fragility in countries with stricter activity restrictions, lower …
Persistent link: https://www.econbiz.de/10011090475
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Collusion under Yardstick Competition : An Experimental Study
Potters, Jan; van Damme, Eric; Rockenbach, B.; Sadrieh, A. - Tilburg University, Center for Economic Research - 2003
The effectiveness of relative performance evaluation schemes, such as yardstick competition, can be undermined by …
Persistent link: https://www.econbiz.de/10011091230
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The Impact of Competition on Bank Orientation and Specialization
Degryse, Hans; Ongena, S. - Tilburg University, Center for Economic Research - 2003
How do banks react to increased interbank competition?Recent banking theory offers conflicting predictions about the … impact of competition on bank orientation í L H WKH choice of relationship based versus transactional banking í DQG EDQN … LQGXVWU\ specialization.We empirically investigate the impact of interbank competition on bank branch orientation and …
Persistent link: https://www.econbiz.de/10011090384
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The Impact of Organizational Structure and Lending Technology on Banking Competition
Degryse, Hans; Laeven, L.; Ongena, S. - Tilburg University, Center for Economic Research - 2006
.We investigate theoretically and empirically how bank organization shapes banking competition.Our theoretical model illustrates how a …
Persistent link: https://www.econbiz.de/10011090754
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Distance, Lending Relationships, and Competition
Degryse, Hans; Ongena, S. - Tilburg University, Center for Economic Research - 2003
A recent string of theoretical papers has highlighted the importance of geographical distance in explaining loan rates for small firms.Lenders located in the vicinity of small firms face significantly lower transportation and monitoring costs, and hence wield considerable market power, if...
Persistent link: https://www.econbiz.de/10011091782
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The Impact of Competition on Bank Orientation
Degryse, Hans; Ongena, S. - Tilburg University, Center for Economic Research - 2006
How do banks react to increased competition?Recent banking theory offers conflicting predictions about the impact of … competition on bank orientation - i.e., the choice of relationship based versus transactional banking.We empirically investigate … the impact of interbank competition on bank branch orientation.We employ a unique data set containing detailed information …
Persistent link: https://www.econbiz.de/10011092217