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This chapter aims to quantify and compare inequalities of opportunity in health across European countries considering two alternative normative ways of treating the correlation between effort, as measured by lifestyles, and circumstances, as measured by parental and childhood characteristics,...
Persistent link: https://www.econbiz.de/10010735779
of the concept of equilibrium in order to restore some equality of principle in accordance with the requirements of …
Persistent link: https://www.econbiz.de/10010720308
may set listing requirements leading to high information efficiency in equilibrium. However, this is strongly linked to … highest efficiency and the latter may be achieved with low requirements. Whether information efficiency is socially desirable …
Persistent link: https://www.econbiz.de/10010861490
We study the impact of crossholdings on the efficiency of the standard auction formats. The ascending auction is not …
Persistent link: https://www.econbiz.de/10010861510
spot-futures price efficiency improvement observed after ETF introduction is explained either by the direct effect of ETF … short run. Some of our findings suggest that the efficiency improvement could rather result from a structural change in the …
Persistent link: https://www.econbiz.de/10010799319
a comonotone dominance principle, due to Landsberger and Meilijson (1994) [27], that efficiency is characterized by a … between efficiency and comonotonicity to the multidimensional case. The multivariate case is more involved (in particular …
Persistent link: https://www.econbiz.de/10010706660
Persistent link: https://www.econbiz.de/10010706882
We empirically investigate the impact of option listing on the underlying stock efficiency by looking at the volume … underlying stock market. We conclude to the existence of option listing impact on the underlying stock efficiency, but to …
Persistent link: https://www.econbiz.de/10010707501
We empirically investigate the effect of option listing on the underlying stock pricing efficiency by examining the … indicate that option listing neither damages nor improves the underlying stock efficiency. However, they suggest that a new …
Persistent link: https://www.econbiz.de/10010708183
This paper analyses whether it is worth taxing the black market. A theoretical optimal tax model provides a first analytical discussion. An empirical version allows us to estimate an optimal tax system for Madagascar. For reasonable inequality aversion parameters, the taxation’s rate of the...
Persistent link: https://www.econbiz.de/10010708536