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When an incumbent firm is in charge of a distribution network, it accumulates information on the state of the network. This `common value' information creates a winner's curse during auctions for renewing the concession. The municipality contracting out the provision of the service trades off...
Persistent link: https://www.econbiz.de/10010708683
In Mali, the situation of cotton growing households has traditionally been considered as more favorable than that of … food crop producers. However, official statistics on poverty suggest that the cotton growing region of Sikasso is among the … poorest regions of the country and that cotton producers are on average poorer than all other farmers. This article offers a …
Persistent link: https://www.econbiz.de/10011072093
What is the impact of voluntary corporate environmental disclosures on the cost of equity? The present study will … information necessarily lower the cost of equity. …
Persistent link: https://www.econbiz.de/10010733995
A multi-dimensional price contains several elements the client has to put together to obtain the final price. The announcement of a multi-dimensional price usually is limited to a focus on only one of the dimensions as this presentation entices the consumer in perceiving a reduced price. Using...
Persistent link: https://www.econbiz.de/10010706997
improves the investor's risk-return performance. While the inclusion of microfinance equity has indeed been a major source of … picture of worldwide microfinance equity from the viewpoint of a profit-oriented investor. We construct microfinance country … equity indices and an international global microfinance index. We analyse the changes in these indices, which we assess in …
Persistent link: https://www.econbiz.de/10010707177
This article provides the first empirical application of the dynamic equicorrelation (DECO) model to a cross-market data set composed of equities, bonds, foreign exchange and commodity returns during 1983–2013. The results reveal that the average cross-market equicorrelation is around 47%,...
Persistent link: https://www.econbiz.de/10010707948
I propose a personal reading of some theories of social justice at a moment when the issue of equality or equity … appears to be back on the ‘development agenda’. Nowadays the term equity tends to be most often associated with the equality …
Persistent link: https://www.econbiz.de/10010708843
This study examines the impact of health system characteristics on social inequities in health care use in Europe, using data from national surveys in 13 European countries. Multilevel logistic regression models are estimated to separate the individual level determinants of generalist and...
Persistent link: https://www.econbiz.de/10010708918
Persistent link: https://www.econbiz.de/10010861427
(JV) success. The first part of the paper provides a list of performance criteria used in the literature and suggests a …
Persistent link: https://www.econbiz.de/10010861544