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Why to invest in your neighbor? : social contract on educational investment
Poutvaara, Panu; Kanniainen, Vesa - 1999
conditions are surprisingly mild: positive externalities in education and complementarity in production between human capital and …
Persistent link: https://www.econbiz.de/10009781697
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Mergers and partial ownership
Foros, Oystein; Kind, Hans Jarle; Shaffer, Greg Eric - 2010
In this paper we compare the profitability of a merger to the profitability of a partial ownership arrangement and find that partial ownership arrangements can be more profitable for the acquiring and acquired firm because they can result in a greater dampening of competition. We also derive...
Persistent link: https://www.econbiz.de/10003925257
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The scope of auctions in the presence of downstream interactions and information externalities
Koska, Onur A.; Onur, Ilke; Stähler, Frank - 2015
We scrutinize the scope of auctions in the presence of downstream interactions and information externalities by using …
Persistent link: https://www.econbiz.de/10010496103
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Chinese acquisitions abroad : are they different?
Fuest, Clemens; Hugger, Felix; Sultan, Samina; Xing, Jing - 2019
In recent years Chinese acquisitions abroad have increased significantly. This paper uses a large dataset on cross-border M&A deals to investigate whether Chinese foreign acquisitions differ from acquisitions coming from other countries. We find that Chinese acquirers buy targets with lower...
Persistent link: https://www.econbiz.de/10011992349
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A note on the design of experiments involving public goods
Graves, Philip E. - 2010
Concern about potential free riding in the provision of public goods has a long history. More recently, experimental economists have turned their attention to the conditions under which free riding would be expected to occur. A model of free riding is provided here which demonstrates that...
Persistent link: https://www.econbiz.de/10008697050
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Brothers in arms : an experiment on the alliance puzzle
Ke, Changxia; Konrad, Kai A.; Morath, Florian - 2010
would be expected from non-cooperative theory. Second, this possible solidarity among "brothers in arms" when fighting …
Persistent link: https://www.econbiz.de/10008808262
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Public goods provision and sanctioning in privileged groups
Reuben, Ernesto (contributor); Riedl, Arnold (contributor) - 2007
Persistent link: https://www.econbiz.de/10003499711
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Inefficient group organization as optimal adaption to dominant environments
Kolmar, Martin; Wagener, Andreas - 2010
Contests between groups are plagued by intra-group externalities (freeriding). Yet, costless incentive schemes that … strength differences between groups. If both groups rein in their intra-group externalities, they are both worse off, compared …
Persistent link: https://www.econbiz.de/10008653415
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Free-riding or internalizing? : an opportunistic view on decentralization versus centralization
Fiorillo, Fabio; Sacchi, Agnese - 2011
comparing decentralized and centralized system. As in the recent Second Generation Theory (SGT) of fiscal federalism (Seabright … rent-seeking behaviour. Moreover, modelling interregional externalities as a mechanism contributing to lowering the … production cost of the public good in each region, a different trade-off - from the traditional and new theory of fiscal …
Persistent link: https://www.econbiz.de/10009009661
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Raising children to work hard : altruism, work norms and social insurance
Lindbeck, Assar; Nyberg, Sten - 2001
Children who can count on support from altruistic parents may not try hard to succeed in the labor market. Moreover, parental altruism makes withdrawal of such support non-credible. To promote work effort, parents may want to instill norms which later cause their children to experience guilt or...
Persistent link: https://www.econbiz.de/10011398913