Showing 1 - 10 of 571
Niobium is a highly strategic mineral, in which Brazil holds almost all of the world's reserves followed by Canada …
Persistent link: https://www.econbiz.de/10012942003
effect of private-school competition on students' entrepreneurial intentions. We exploit Catholic-Church resistance to state …
Persistent link: https://www.econbiz.de/10013142145
Insolvency systems play a crucial role in protection of creditor rights, yet micro-level empirical evidence on the functioning of insolvency regimes worldwide is sparse. We investigate whether creditors' recovery of outstanding claims, a measure of ex-post efficiency of an insolvency regime,...
Persistent link: https://www.econbiz.de/10012982336
This paper explores empirically the link between French equities returns Value-at-Risk (VaR) and the state of financial markets cycle. The econometric analysis is based on a simple vector autoregression setup. Using quarterly data from 1970Q4 to 2008Q3, it turns out that the k-year VaR of French...
Persistent link: https://www.econbiz.de/10013316387
This paper shows that subsidy competition may be efficiency enhancing. We model a subsidy game among two asymmetric … subsidy competition, starting from an equilibrium where the industry core is inefficiently locked in to the smaller region …
Persistent link: https://www.econbiz.de/10012764278
The Colonel Blotto game is a two-player constant-sum game in which each player simultaneously distributes her fixed level of resources across a set of contests. In the traditional formulation of the Colonel Blotto game, the players' resources are quot;use it or lose itquot; in the sense that any...
Persistent link: https://www.econbiz.de/10012770491
trust and trustworthiness in anonymous transactions. Market competition creates incentives that arguably may enhance or curb … the effectiveness of these systems. We investigate how different forms of market competition and social reputation … networks interact in a series of laboratory online markets, where sellers face a moral hazard. We find that competition in …
Persistent link: https://www.econbiz.de/10012751561
We analyze a divisible good uniform-price auction that features two groups each with a finite number of identical bidders and present conditions under which a unique privately revealing equilibrium exists. We derive novel comparative static results highlighting that increases in transaction...
Persistent link: https://www.econbiz.de/10012854716
When one firm's strategy affects other firms' value, optimal executive incentives depend on whether shareholders have interests in only one or in multiple firms. Performance-sensitive contracts induce managerial effort to reduce costs, and lower costs induce higher output. Hence, greater...
Persistent link: https://www.econbiz.de/10012854854
developing a novel approach to competition between different organizational forms, it frames the relevant trade-offs precisely …
Persistent link: https://www.econbiz.de/10012929480