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Uncertainty and Information: An Expository Essay
Singh, Nirvikar - Volkswirtschaftliche Fakultät, … - 2010
. The coverage includes decision-making under uncertainty, measuring risk and risk aversion, insurance and asset markets …
Persistent link: https://www.econbiz.de/10008529287
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Problems of market adjustments to occupational safety and health hazards
Chichilnisky, Graciela - Volkswirtschaftliche Fakultät, … - 1978
This paper analyses problems of labor market adjustments to occupational safety and health (OSH) hazards. It also presents analytical models for the eventual measurement and empirical analyses of factors effecting the level of OSH hazards in the workplace. This study does not pretend to deal...
Persistent link: https://www.econbiz.de/10005623320
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A justification for the role of audits?: adoption of International Financial Reporting Standards (IFRS) and jurisdictional analyses (Brazil, China,Japan and South Africa)
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2014
analyses which include a focus on China, Japan, Brazil, and South Africa, this paper not only highlights why there is need for … between systemic risk and information asymmetries – hence the justification for greater focus on information channels as well … particular, the Basel III leverage ratios in jurisdictions such as China. Ultimately the paper also aims to investigate whether …
Persistent link: https://www.econbiz.de/10011107937
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Anger and Regulation
Di Tella, Rafael; Dubra, Juan - Volkswirtschaftliche Fakultät, … - 2008
We propose a model where voters experience an emotional cost when they observe a firm that has displayed insufficient concern for other people's welfare (altruism) in the process of making high profits. Even when there exist few truly altruistic firms, an equilibrium may emerge where all firms...
Persistent link: https://www.econbiz.de/10005620075
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Rational Expectations Equilibria: Existence and Representation
Bhowmik, Anuj; Cao, Jiling - Volkswirtschaftliche Fakultät, … - 2015
In this paper, we continue to explore the equilibrium theory under ambiguity. For a model of a pure exchange and asymmetric information economy with a measure space of agents whose exogenous uncertainty is described by a complete probability space, we establish a representation theorem for a...
Persistent link: https://www.econbiz.de/10011210851
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Mergers between regulated firms with unknown efficiency gains
Fiocco, Raffaele; Guo, Dongyu - Volkswirtschaftliche Fakultät, … - 2014
In an industry where regulated firms interact with unregulated suppliers, we investigate the welfare effects of a merger between regulated firms when cost synergies are uncertain before the merger and their realization becomes private information of the merged firm. The optimal merger policy...
Persistent link: https://www.econbiz.de/10011252548
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Beyond Extended Phenotype Evolution of extended identity in order to reconcile study of humanity with biological evolution
Mezgebo, Taddese - Volkswirtschaftliche Fakultät, … - 2014
The question: “How much of biological evolution based theories, as they are understood presently, apply to human behaviour?” is highly controversial and perhaps highly politicized as well. The inference that human beings are evolutionarily programmed to have urges toward aggression, rape,...
Persistent link: https://www.econbiz.de/10011258986
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Deceptive advertising with rational buyers
Ursino, Giovanni; Piccolo, Salvatore; Tedeschi, Piero - Volkswirtschaftliche Fakultät, … - 2012
We study a Bertrand game where two sellers supplying products of different and unverifiable qualities can outwit potential clients through their (costly) deceptive advertising. We characterize a class of pooling equilibria where sellers post the same price regardless of their quality and low...
Persistent link: https://www.econbiz.de/10011259275
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Preserving "Debt Capacity" or "Equity Capacity": A Dynamic Theory of Security Design under Asymmetric Information
Inderst, Roman; Vladimirov, Vladimir - Volkswirtschaftliche Fakultät, … - 2012
In a dynamic model of optimal security design, we show when firms should preserve "equity capacity" through choosing high target leverage or "debt capacity" through choosing low target leverage. Thereby, firms reduce a problem of underinvestment or overinvestment when they must raise future...
Persistent link: https://www.econbiz.de/10011259963
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Solutions Pratiques au Problème de Financement des PME au Cameroun
NGUENA, Christian L. - Volkswirtschaftliche Fakultät, … - 2013
The role of small and medium enterprises (SMEs) in the fight against unemployment and economic activity stimulation is well established. Until today and due to lack of funding, Cameroon suffers of an unsustainable private sector constituted by SMEs at more than 90%; A situation which tends to...
Persistent link: https://www.econbiz.de/10011260130