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"The authors compare the two merger control systems currently employed worldwide: a mandatory system based on merger size threshold and a voluntary system with ex-post monitoring and fines. The voluntary system possesses two informational advantages: (i) the enforcement agency employs more...
Persistent link: https://www.econbiz.de/10011394230
with extending this analysis of redistribution to other forms of international factor flows-more specifically, migrant …
Persistent link: https://www.econbiz.de/10010522101
devised to decompose the redistributive effect of a tax to analyze the extent to which vertical redistribution associated with … changing incomes over time is offset or reinforced by horizontal redistribution and re-ranking. He uses panel data from China … of horizontal redistribution and re-ranking in both China-and to a lesser extent Vietnam-more than offset pro …
Persistent link: https://www.econbiz.de/10010522640
Persistent link: https://www.econbiz.de/10010523264
Uruguay's Government is currently analyzing several reform strategies for the social sectors. These include a health reform, the introduction of a new poverty alleviation program, possible changes in pensions and unemployment insurance, and also a tax reform, that impacts the income transfer...
Persistent link: https://www.econbiz.de/10012553263
system in terms of incentives and redistribution. It starts with an overview of institutional arrangements, programs, and … could 'correct' incentives by making redistribution more transparent and progressive. A behavioral life-cycle model …
Persistent link: https://www.econbiz.de/10012557874
Persistent link: https://www.econbiz.de/10011393336
"Microfinance has been heralded as an effective way to address imperfections in credit markets. But from a theoretical perspective, the success of microfinance contracts has puzzling elements. In particular, the group-based mechanisms often employed are vulnerable to free-riding and collusion,...
Persistent link: https://www.econbiz.de/10010522103
"The home equity bias is one of the many puzzles existing in international finance. This puzzle is characterized by the concentration of domestic equity in any investor's portfolio, which is in contradiction with the benchmark of full diversification in a world mutual fund. Based on Admati's...
Persistent link: https://www.econbiz.de/10010522704
This book constitutes one of the main outputs of the School Fee Abolition Initiative (SFAI). The initiative, launched in 2005 by the United Nations Children's Fund (UNICEF) and the World Bank, was designed to support countries in maintaining and accelerating progress toward universal primary...
Persistent link: https://www.econbiz.de/10012561180