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Warrant Economics, Call-Put Policy Options and the Fallacies of Economic Theory
Hatgioannides, John - 2012
perfect competition, the global fields of the dysfunctional market system have mushroomed in what we call Warrant Economics … distorted competition and accelerated economic concentration. We view the income distribution effect, which favours the top 1 …%, and the business concentration effect, which gravitates competition towards oligopolistic/monopolistic industries, as the …
Persistent link: https://www.econbiz.de/10013112775
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Financial Liberalization and Democracy : The Role of Reform Reversals
Campos, Nauro F. - 2009
The relationship between economic and political liberalization has received a great deal of attention lately, yet the possibility of a nonlinear relationship and the role of reversals remain largely neglected. Focusing on democratization and financial reform, this paper offers evidence for a...
Persistent link: https://www.econbiz.de/10013157255
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Creativity over Time and Space
Serafinelli, Michel - 2019
Creativity is often highly concentrated in time and space, and across different domains. What explains the formation and decay of clusters of creativity? In this paper we match data on thousands of notable individuals born in Europe between the XIth and the XIXth century with historical data on...
Persistent link: https://www.econbiz.de/10012861308
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Neoliberalization and the Changing Roles of Stakeholders in State-Led Shantytown Redevelopment in Shenyang City, China
Li, Xin - 2016
Neoliberal politics in China have changed the roles of, and the interrelationships between, the state, the market and society in urban restructuring. Since 2008, the central state has initiated the Shantytown Redevelopment Projects (SRPs) to improve the living conditions of low-income residents....
Persistent link: https://www.econbiz.de/10012984848
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Scale Economies Can Offset the Benefits of Competition : Evidence from a School Consolidation Reform in a Universal Voucher System
de Haan, Monique - 2011
context scale economies dominated the effects of choice and competition. This points to an often ignored trade-off between … scale and competition …
Persistent link: https://www.econbiz.de/10013129092
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The Emergence of Male Leadership in Competitive Environments
Reuben, Ernesto - 2011
We present evidence from an experiment in which groups select a leader to compete against the leaders of other groups in a real-effort task that they have all performed in the past. We find that women are selected much less often as leaders than is suggested by their individual past performance....
Persistent link: https://www.econbiz.de/10013132524
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The Distribution of Earnings Under Monopsonistic/Polistic Competition
Thisse, Jacques-François - 2010
, firms are price-makers and wage-setters. Our setting combines monopolistic and monopsonistic competition, thus encapsulating …
Persistent link: https://www.econbiz.de/10013139040
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Performance-Related Funding of Universities : Does More Competition Lead to Grade Inflation?
Bauer, Thomas K. - 2011
financing systems aimed at increasing the competition between universities by making their pubic funds dependent on their … increased competition between universities causes grade inflation …
Persistent link: https://www.econbiz.de/10013118471
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Add-On Pricing, Naive Consumers, and the Hidden Welfare Costs of Education
Kosfeld, Michael - 2011
Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...
Persistent link: https://www.econbiz.de/10013118774
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Teams or Tournaments? A Field Experiment on Cooperation and Competition Among University Students
Bigoni, Maria - 2011
characteristics are observed. Students are randomly assigned to a tournament scheme that fosters competition between coupled students … which students can neither compete, nor cooperate. In line with theoretical predictions, we find that competition induces …
Persistent link: https://www.econbiz.de/10013122404