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risk of thestrategies increases proportionally. Second, we test whether the strategies can be implementedsuccessfully in …, we examine several popularexplanations for the excess returns. We find no evidence of higher market risk or lower …
Persistent link: https://www.econbiz.de/10011255877
. We do so in procurement settings where the buyer can give the winning bidder incentives to exert effort on non …
Persistent link: https://www.econbiz.de/10011255455
Many organizations use procurement tenders to buy large amounts of goods and services. Especially in the public sector …
Persistent link: https://www.econbiz.de/10011256772
implies that transaction costs as part of total costs of ownership carry a large weight in procurement decisions. An analysis …
Persistent link: https://www.econbiz.de/10011257331
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 … accurate asset evaluations; (iv) funding liquidity risk is a partial explanation of these findings. …
Persistent link: https://www.econbiz.de/10011257603
How does risk or uncertainty in the productivity of research affect the growth rate of the economy? To answer this …&D from profit-maximizing firms. The uncertainty arises from the productivity of these investments in R&D. The main result of … this analysis is that the relationship between long-run growth and uncertainty (on the productivity of knowledge creation …
Persistent link: https://www.econbiz.de/10011255608
In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …
Persistent link: https://www.econbiz.de/10011255622
We study a model of collective decision making with endogenous information collection.Agents collect information about the consequences of a project, communicate, and then vote onthe project. We examine under what conditions communication may increase the probability thatgood decisions are made....
Persistent link: https://www.econbiz.de/10011255757
Travelers often are incompletely informed about travel alternatives, which has important implications for various domains of travel behavior such as whether or not to make a trip, modal choice, the timing of a trip or route choice. During the last decade large efforts have been made to increase...
Persistent link: https://www.econbiz.de/10011255988