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Trust and foreign direct investment : an empirical analysis

Kukharskyy, Bohdan - 2012

This paper studies the relationship between trust and foreign direct investment (FDI) in a crosssection of countries …. Accounting for the issue endogeneity, this paper suggests that countries with a higher level of generalized trust attract more … FDI than the low-trust countries. -- trust ; Foreign Direct Investment ; causality …

Persistent link: https://www.econbiz.de/10009686682

Is rational speculation in the presence of positive feedback traders destabilizing?

Arnold, Lutz; Brunner, Stephan - 2012

DeLong (1990a) et al. show that in the presence of positive feedback traders rational speculation can be destabilizing, in that it drives the price of a risky asset above its expected value. A generalization of their seminal model with additional trading dates and an additional informative...

Persistent link: https://www.econbiz.de/10009572267

Cost variations in a differentiated good oligopoly

Jurgan, Jens - 2009 - This draft: November 13th, 2009

In the homogenous good case the impact of a marginal cost variation on consumer surplus, industry profits and social surplus was studied in extensive manner. Assuming quantity competition and a standard quadratic utility this paper carries on this analysis in a differentiated good context. In...

Persistent link: https://www.econbiz.de/10003843417

Listening to the noise in financial markets

Arnold, Lutz; Russ, David - 2020

Do all types of information benefit the efficiency of prices in the sense that they drive them closer to fundamentals compared to the situation where information does not exist? Looking at the competitive noisy rational expectations framework, the clear answer of the literature is: yes. It...

Persistent link: https://www.econbiz.de/10012392314

Welfare effects of the allocation of talent to financial trading : what does the Grossman-Stiglitz model say?

Arnold, Lutz; Zelzner, Sebastian - 2020

This paper investigates the implications of the Grossman-Stiglitz (1980) model on the informational efficiency of financial markets for the optimality of the allocation of talent to financial trading versus entrepreneurship. Informed traders make the financial market more informationally...

Persistent link: https://www.econbiz.de/10012164697

How does the position in business group hierarchies affect workers' wages?

Egger, Hartmut; Jahn, Elke J.; Kornitzky, Stefan - 2021

We merge firm-level data on ownership linkages with administrative data on German workers to analyze how the position in a business group hierarchy affects workers' wages. To acknowledge that ownership linkages are not onedirectional, we propose an index of hierarchical distance to the ultimate...

Persistent link: https://www.econbiz.de/10012793035