Showing 1 - 10 of 41
Abstract: This paper finds that lending by state banks is less procyclical than lending by private banks, especially in countries with good governance. Lending by state banks in high income countries is even countercyclical. On the liability side, state banks expand potentially unstable...
Persistent link: https://www.econbiz.de/10011091498
Conventional wisdom tells us that with no market failure and local non-satiation of preferences, the core is at least as large as the collection of competitive equilibrium allocations.We con.rm this for a standard model featuring land.Next we consider the public land ownership version of the...
Persistent link: https://www.econbiz.de/10011091776
Abstract: Economics seems largely based on the assumption that monetary incentives improve performance. By contrast, a large literature in psychology, including a rich tradition of experimental work, claims just the opposite. In this paper we present and discuss a set of experiments designed to...
Persistent link: https://www.econbiz.de/10011092590
Persistent link: https://www.econbiz.de/10011092690
We test the effect of players' moods on their behavior in a gift-exchange game.In the first stage of the game, player 1 chooses a transfer to player 2.In the second stage, player 2 chooses an effort level.Higher effort is more costly for player 2, but it increases player 1's payoff.We say that...
Persistent link: https://www.econbiz.de/10011091714
Airport profit games are a generalization of airport cost games as well as of bankruptcy games.In this paper we present … a simple algorithm to compute the nucleolus of airport profit games.In addition we prove that there exists an unique … consistent allocation rule in airport profit problems, and it coincides with the nucleolus of the associated TU game. …
Persistent link: https://www.econbiz.de/10011092938
This paper introduces a new way to measure competition based on firms' profits.Within a general model, we derive conditions under which this measure is monotone in competition, where competition can be intensified both through a fall in entry barriers and through more aggressive interaction...
Persistent link: https://www.econbiz.de/10011091528
Competition has been modelled in the literature in a number of ways.What do these different parametrizations of competition have in common?For instance, it turns out that it is not always the case that a rise in competition reduces price cost margins, industry wide profits or concentration.All...
Persistent link: https://www.econbiz.de/10011092319
This paper investigates the impact of perceived organizational support (POS) on performance.We predict that POS will be reciprocated by positive discretionary employee behavior, which in turn has a positive impact on performance.Empirical research on a sample of Dutch construction companies...
Persistent link: https://www.econbiz.de/10011092550
This paper analyzes optimal procurement mechanisms in a setting where the procurement agency has incomplete information concerning the firms’ cost functions and cares about quality as well as price. Low type firms are cheaper than high type firms in providing low quality but more expensive...
Persistent link: https://www.econbiz.de/10011091139