Narrow search
Showing 1 - 10 of 244
Cover Image
Strategic Complementarity, Fragility, and Regulation
Vives, Xavier - 2013
The paper analyzes a very stylized model of crises and demonstrates how the degree of strategic complementarity in the actions of investors is a critical determinant of fragility. It is shown how the balance sheet composition of a financial intermediary, parameters of the information structure...
Persistent link: https://www.econbiz.de/10013092690
Cover Image
Institution Formation in Public Goods Games
Kosfeld, Michael - 2008
frequently as well as that institution formation has a positive impact on cooperation rates and group welfare. However, the data …
Persistent link: https://www.econbiz.de/10012773765
Cover Image
Public Goods Provision with Rent-Extracting Administrators
Cagala, Tobias - 2018
-extraction and cooperation shocks trigger short-run adjustments in the agents' behaviour. However, shocks do not have permanent … effects. This explains the long-run resilience of cooperation to rent extraction. We also show that cooperative attitudes and …
Persistent link: https://www.econbiz.de/10012927572
Cover Image
Powering Up Developing Countries Through Integration?
Auriol, Emmanuelle - 2012
Power market integration is analyzed in a two countries model with nationally regulated firms and costly public funds. If generation costs between the two countries are too similar negative business-stealing outweighs efficiency gains so that following integration welfare decreases in both...
Persistent link: https://www.econbiz.de/10013104162
Cover Image
Emissions Taxes and Abatement Regulation under Uncertainty
Christiansen, Vidar - 2013
We consider environmental regulation in a context where firms invest in abatement technology under conditions of …
Persistent link: https://www.econbiz.de/10013086398
Cover Image
The Engine Immobilizer : A Non-Starter for Car Thieves
van Ours, Jan C. - 2013
precaution. Regulation made application of the electronic engine immobilizer, a simple and low-cost anti-theft device, mandatory … for all new cars sold within the European Union as of 1998. We exploit the regulation as source of exogenous variation in …
Persistent link: https://www.econbiz.de/10013086983
Cover Image
The Impact of Market Regulations on Intra-European Real Exchange Rates
Bénassy-Quéré, Agnès - 2013
We study the contribution of market regulations in the dynamics of the real exchange rate within the European Union. Based on a model proposed by De Gregorio et al. (1994a), we show that both product market regulations in nontradable sectors and employment protection tend to inflate the real...
Persistent link: https://www.econbiz.de/10013087275
Cover Image
Learning Abatement Costs : On the Dynamics of Optimal Regulation of Experience Goods
Hintermann, Beat - 2013
consumption options and show how optimal regulation evolves over time. In our base setting where social and private learning …
Persistent link: https://www.econbiz.de/10013088224
Cover Image
Loan Regulation and Child Labor in Rural India
Dasgupta, Basab - 2014
We study the impact of loan regulation in rural India on child labor with an overlapping-generations model of formal …
Persistent link: https://www.econbiz.de/10013065032
Cover Image
Market Risk Management in a Post-Basel II Regulatory Environment
Urosevic, Branko - 2017
risk include an additional stress component introduced by the recent Basel 2.5 regulation. Our optimization with the Basel … scenarios in which the correlations of asset returns change considerably. These improvements are achieved at the expense of …
Persistent link: https://www.econbiz.de/10012963377