Showing 1 - 10 of 12
In this paper we study international river pollution problems. We introduce a model in which the agents (countries) located along a river derive benefit while causing pollution, but also incur environmental costs of experiencing pollution from all upstream agents. We find that total pollution in...
Persistent link: https://www.econbiz.de/10011256658
We document a consistent and robust relation between expected equity premia and common risk factors constructed on the basis of small stocks. Empirically, we show that (i) small-stock components of traditional value and momentum factors capture patterns in returns on regional and global...
Persistent link: https://www.econbiz.de/10011257603
This discussion paper resulted in a publication in 'Emerging Markets Review', 2005, 6, 238-262.<P> See also the publication in the 'Journal of Empirical Finance', 2003, 10, 1-5=132.<P> Recent empirical evidence suggests that value and momentum strategies generate significantexcess returns in emerging...</p></p>
Persistent link: https://www.econbiz.de/10011255877
the concept of entrepreneurial city. A network connectivity model is adopted to assess connectivity patterns, using the …
Persistent link: https://www.econbiz.de/10011255458
not onlymutual trust, like simple exchange, but also a substantial degree of coordination. We examinewhether players are …
Persistent link: https://www.econbiz.de/10011256587
suggest. Trust between trading partners lowers transaction costs and may therefore enhance trade. The empirical analysis of … this paper shows that more trust leads to more trade so that part of the "mystery of missing trade" can be attributed to … the lack of trust between trading partners, e.g. because of cultural differences and habits, or because of insufficient …
Persistent link: https://www.econbiz.de/10011256716
paper, Knack and Keefer (1997) assess the effect of trust on growth. This paper analyses the robustness of their results … the relationship between trust and growth in terms of both the size and the significance of the estimated effect, is … highly dependent on the set of conditioning variables. An answer to the question whether there is an economic payoff of trust …
Persistent link: https://www.econbiz.de/10011256981
This paper empirically explores relations between network positions in knowledge networks andtrust. In social network …-specific knowledge networks. Empirical data were collected on a network of 55 individuals inthe setting of account management. These data … different dimensions of trust. In thispaper we estimate effects of closure positions on two dimensions of trust (trust in …
Persistent link: https://www.econbiz.de/10011257171
perspective of transaction cost economics indicates why this industry relies on hybrid forms of organisation. Trust between the …
Persistent link: https://www.econbiz.de/10011255594
networks and related high intra-group trust constitute the major reasons for co-ethnic employment by lowering information and …
Persistent link: https://www.econbiz.de/10011256476