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Towards a Legal Theory of Finance
Pistor, Katharina - C.E.P.R. Discussion Papers - 2012
self-destruction of the financial system. This law-finance paradox tends to be resolved by suspending the full force of law …This paper develops the building blocks for a legal theory of finance. LTF holds that financial markets are legally …, financial markets exhibit dynamics that frequently put them in direct tension with commitments enshrined in law or contracts …
Persistent link: https://www.econbiz.de/10011084310
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Precipitation, Profits, and Pile-Ups
Leigh, Andrew - Research School of Economics, College of Business and … - 2009
In considering the economic impacts of climatic changes, economists frequently use annual national income as a proxy for social welfare. I show that such studies suffer from a significant bias, arising from the fact that such models typically ignore changes in mortality rates. Using panel data...
Persistent link: https://www.econbiz.de/10008511764
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Globalization and the Welfare State: Income Transfers in the Industrial Democracies, 1965-1990.
Garrett, G.; Mitchell, D. - Research School of Economics, College of Business and … - 1995
Persistent link: https://www.econbiz.de/10004971329
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A Disaggregated Approach of the Ranking of Social Welfare and Poverty Levels: An Application to Australian Data.
Martina, A.; Rajaratnam, N. - Research School of Economics, College of Business and … - 1995
Persistent link: https://www.econbiz.de/10004971338
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The Role of Government in Work and Welfare
Keating, M. - Research School of Economics, College of Business and … - 1998
Societies typically have three objectives for work and welfare: sustained income/economic growth per capita, employment growth (and job security?), a just distribution of income along with access to certain basic services. There may be tensions between these objectives. This paper tries to...
Persistent link: https://www.econbiz.de/10004971340
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Welfare and Economic Progress of Indigenous Men of Australia and the US 1980-1990.
Gregory, R.G.; Daly, A.E. - Research School of Economics, College of Business and … - 1995
Persistent link: https://www.econbiz.de/10005032843
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The Australian Welfare State; Neither Egalitarian saviour Nor Economic Millstone.
Gruen, F.H.; Saunders, P. - Research School of Economics, College of Business and … - 1995
Persistent link: https://www.econbiz.de/10005032849
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Some Social Welfare Implications of Behavioural Preferences
Gallice, Andrea - C.E.P.R. Discussion Papers - 2007
We investigate how the assumption that individuals are characterized by some recent forms of behavioural preferences changes the analysis of an otherwise classical welfare problem, namely the optimal allocation of a scarce resource among a finite number of claimants. We consider two preference...
Persistent link: https://www.econbiz.de/10005497756
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Selective immigration policies, migrants' education and welfare at origin
Bertoli, Simone; Brücker, Herbert - C.E.P.R. Discussion Papers - 2011
migrants' average education even if one allows for endogenous schooling decisions and education policies at origin. Still, more …
Persistent link: https://www.econbiz.de/10008854467
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An Analysis of Eurobonds
Beetsma, Roel; Mavromatis, Konstantinos - C.E.P.R. Discussion Papers - 2012
We analyse different forms of international debt mutualisation in a simple framework with a political distortion and (partial) default under adverse economic circumstances. One form is a debt repayment guarantee, which can be "unlimited" or "limited", i.e. only be invoked when the guarantee...
Persistent link: https://www.econbiz.de/10011083437