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Deregulation in retailing : the Dutch experience

Carree, Martin Anthony; Nijkamp, Joyce - 1999

Institutional barriers to entry were removed to a considerable extent in 1996 in the Dutch retail sector. Three years before that the regulator decided to not take legal actions anymore against entrants violating institutional requirements. In the current analysis we investigate the effects of...

Persistent link: https://www.econbiz.de/10011302129

Credit rationing effects of credit value-at-risk

Slijkerman, Jan Frederik; Smant, David Jan Cornelis; … - 2004

asymmetric information the banks face the risk of adverse selection. Credit Value-at-Risk (CVaR) regulation counters the problem … of low quality, i.e. high risk, loans and therefore reduces the risk of the bank loan portfolio. However, CVaR regulation … welfare. CVaR regulation also affects the operation of monetary policy. …

Persistent link: https://www.econbiz.de/10011334832

Banking and trading

Boot, Arnoud W. A.; Ratnovski, Lev - 2012

Persistent link: https://www.econbiz.de/10010190997

Blockholder dispersion and firm value

Konijn, Sander J. J.; Kräussl, Roman; Lucas, André - 2009

This paper analyzes the impact of blockownership dispersion on firm value. Blockholdings by multiple blockholders is a widespread phenomenon in the U.S. market. It is not clear, however, whether dispersion among blockholder is preferable to having a more concentrated ownership structure. To test...

Persistent link: https://www.econbiz.de/10011379511

Continuous time trading in markets with adverse selection

Janssen, Maarten C. W.; Karamychev, Vladimir A. - 2000

We investigate the nature of the adverse selection problem in a market for adurable goodwhere trading and entry of new buyers and sellers takes place in continuoustime. In thecontinuous time model equilibria with properties that are qualitativelydifferent from thestatic equilibria, emerge....

Persistent link: https://www.econbiz.de/10011304379

Pros and cons of "backing winners" in innovation policy

Butter, Frank A. G. den; Jo, Seung-gyu - 2009

game theory of the firm. A theoretical case for picking winners through a preferential innovative policy is discussed in a …

Persistent link: https://www.econbiz.de/10011377579

Unsecured and secured funding

Di Filippo, Mario; Ranaldo, Angelo; Wrampelmeyer, Jan - 2018

We empirically investigate why wholesale funding is fragile by providing the first study of how individual banks borrow and lend in the euro unsecured and secured interbank market. Consistent with theories in which lenders enforce market discipline by monitoring counterparty credit risk and...

Persistent link: https://www.econbiz.de/10011818292

Tainted food, low-quality products and trade

Viaene, Jean-Marie; Zhao, Laixun - 2010

This paper examines international trade in tainted food and other low-quality products. Wefirst find that for a large class of environments, free trade is the trading system that conveysthe highest incentives to produce non-tainted high-quality goods by foreign exporters.However, free trade...

Persistent link: https://www.econbiz.de/10011379610

High performance in complex spatial systems : a eelf-organizing mapping approach with reference to the Netherlands

Kourtit, Karima; Arribas-Bel, Daniel; Nijkamp, Peter - 2013

This paper addresses the performance of creative firms from the perspective of complex spatial systems. Based on an extensive high-dimensional database on both the attributes of individual creative firms in the Netherlands and a series of detailed regional facilitating and driving factors...

Persistent link: https://www.econbiz.de/10010226577

Statistical disclosure in two-dimensional tables : general tables

Carvalho, Filipa D. de; Sanches Osório, Margarida de; … - 1993

Persistent link: https://www.econbiz.de/10000122497