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The political economy of financial fragility

Feijen, Erik; Perotti, Enrico C. - 2005

While financial liberalization has in general favorable effects, reforms in countries with poor regulation is often followed by financial crises. We explain this variation as the outcome of lobbying interests capturing the reform process. Even after liberalization, market investors must rely on...

Persistent link: https://www.econbiz.de/10011348359

The effects of usury ceilings on consumers welfare : evidence from the microcredit market in Colombia

Capera Romero, Laura - 2021

Interest rate caps, also called usury ceilings, are a widely used policy tool to protect consumers from excessive charges by loan providers. However, they are often cited as a barrier for the advancement of financial inclusion, as they may reduce the incentives to provide loans to lower-income...

Persistent link: https://www.econbiz.de/10012591585

Firm subsidies, financial intermediation, and bank stability

Kazakov, Aleksandr; Koetter, Michael; Titze, Mirko; … - 2022

We use project-level information for the largest regional economic development program in German history to study whether government subsidies to firms affect quantity and quality of bank lending. We combine recipient firms under the Improvement of Regional Economic Structures program (GRW) with...

Persistent link: https://www.econbiz.de/10013413540

The entrepreneurial adjustment process in disequilibrium

Burke, Andrew; Stel, Adriaan J. van - 2009

The main contribution of entrepreneurship theory to economics is to provide an account of market performance in disequilibrium but little empirical research has examined firm entry and exit in this context. We redress this by modelling the interrelationship between firm entry and exit in...

Persistent link: https://www.econbiz.de/10011377541

Industry dynamics and entrepreneurship : an equilibrium model

Fok, Dennis; Stel, Adriaan J. van; Burke, Andrew; … - 2010 - This version: October 2010

This paper conducts the first general equilibrium analysis of the role of entry, exit and profits in industry dynamics. The benefit of our model is twofold. First, to discriminate between entrants’ role of performing the entrepreneurial function of creating disequilibrium and the conventional...

Persistent link: https://www.econbiz.de/10011379632

New developments in the measurement of welfare and well-being

Praag, Bernard M. S. van; Plug, Erik J. S. - 2012

Persistent link: https://www.econbiz.de/10010191023

Positional power in hierarchies

Brink, René van den; Steffen, Frank - 2007

Power is a core concept in the analysis and design of organisations. In this paper we consider positional power in … hierarchies. One of the problems with the extant literature on positional power in hierarchies is that it is mainly restricted to … the analysis of power in terms of the bare positions of the actors. While such an analysis informs us about the authority …

Persistent link: https://www.econbiz.de/10011372509

Axiomatizations of a positional power score and measure for hierarchies

Brink, René van den; Steffen, Frank - 2008

Power is a core concept in the analysis and design of organizations. One of the problems with the extant literature on … positional power in hierarchies is that it is mainly restricted to the analysis of power in terms of the bare positions of the …-established approaches for the analysis of power in non-hierarchical organizations such as the Banzhaf measure; and thus they are all based …

Persistent link: https://www.econbiz.de/10011377381

Measuring power and satisfaction in societies with opinion leaders : dictator and opinion leader properties

Brink, René van den; Rusinowska, Agnieszka; Steffen, Frank - 2009

one of the actions. By definition opinion leaders have some power over their followers, and they exercise this power by … satisfaction and power scores which allow us to analyze the actors' satisfaction and power with respect to the collective choice …

Persistent link: https://www.econbiz.de/10011378325

Pareto efficiency in the jungle

Houba, Harold; Luttens, Roland Iwan; Weikard, Hans-Peter - 2014

We include initial holdings in the jungle economy of Piccione and Rubinstein (Economic Journal, 2007) in which the unique equilibrium satisfies lexicographic welfare maximization. When we relax assumptions on consumption sets and preferences slightly, equilibria other than lexicographic welfare...

Persistent link: https://www.econbiz.de/10010421741