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Transparency in consumer credit. the usage of the APR
Caratelli, Massimo - Volkswirtschaftliche Fakultät, … - 2010
was motivated by its wide diffusion due to the mandatory disclosure acts. There have been doubts towards consumer … financial sustainability could explain this phenomenon. To improve disclosure, further (or different) borrowing cost measures …
Persistent link: https://www.econbiz.de/10009652919
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The impact of capital and disclosure requirements on risks and risk taking incentives
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2010
financial contagion. Furthermore, in emphasising the importance of greater disclosure requirements and the need for the … disclosure of information relating to “close links”, such disclosure being considered vital in assisting the regulator in … disclosure should be encouraged for several reasons, amongst which include the fact that imperfect information is considered to …
Persistent link: https://www.econbiz.de/10008596377
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Why the traditional principal agent theory may no longer apply to concentrated ownership systems and structures
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2013
This paper not only considers why many concentrated ownership structured systems and jurisdictions are considering a shift to the Anglo American style of corporate governance, but also explores why the traditional principal agency theory model may no longer apply in many concentrated ownership...
Persistent link: https://www.econbiz.de/10011109640
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Why the traditional principal agent theory may no longer apply to concentrated ownership systems and structures
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2013
This paper not only considers why many concentrated ownership structured systems and jurisdictions are considering a shift to the Anglo American style of corporate governance, but also explores why the traditional principal agency theory model may no longer apply in many concentrated ownership...
Persistent link: https://www.econbiz.de/10011112064
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Rational Expectations Equilibria: Existence and Representation
Bhowmik, Anuj; Cao, Jiling - Volkswirtschaftliche Fakultät, … - 2015
In this paper, we continue to explore the equilibrium theory under ambiguity. For a model of a pure exchange and asymmetric information economy with a measure space of agents whose exogenous uncertainty is described by a complete probability space, we establish a representation theorem for a...
Persistent link: https://www.econbiz.de/10011210851
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Preventing Factory Fires through Contracts: Case study of Garment Factories in Bangladesh
Sato, Hideki - Volkswirtschaftliche Fakultät, … - 2015
Following a multi-decade history of lethal fires in the Bangladeshi garment industry, Sato (2012) proposed a contract framework that encourages manufacturers to adopt measures that reduce loss of life. Apart from the humanitarian imperative, the manufacturer has an incentive to sign the contract...
Persistent link: https://www.econbiz.de/10011271691
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The logic of violence in the civil war: the economics perspective
Estrada, Fernando - Volkswirtschaftliche Fakultät, … - 2012
This article proposes a reading of the armed conflict from an evolutionary design that takes into account the concept of private protection agencies in the works of Schelling / Nozick / Gambetta. Their aim is to assess the dynamics of conflict and changes from its author's scientific output. A...
Persistent link: https://www.econbiz.de/10011258671
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Diszkriminatív áras és egyenáras aukciók
Monostori, Zoltan - Volkswirtschaftliche Fakultät, … - 2013
A tanulmány célja az értékpapírok esetében leggyakrabban alkalmazott két aukciós technika (az egyenáras és a diszkriminatív áras aukció) összehasonlító elemzése. A szakirodalom elsősorban az aukció várható bevétele szempontjából elemzi a módszereket. Az elméleti...
Persistent link: https://www.econbiz.de/10011258696
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Time as an Endogenous Random Variable Smoothly Embedded into Preference Manifold
Dai, Darong - Volkswirtschaftliche Fakultät, … - 2011
A general equilibrium model has been constructed in a stochastic endogenous growth economy driven by an Ito-Levy diffusion process. The minimum time to “economic maturity” for an underdeveloped economy has been computed both in the preference manifold of the modified Ramsey fashion and in...
Persistent link: https://www.econbiz.de/10011258794
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Rule Rationality
Heller, Yuval; Winter, Eyal - Volkswirtschaftliche Fakultät, … - 2013
We study the strategic advantages of following rules of thumb that bundle different games together (called rule rationality) when this may be observed by one's opponent. We present a model in which the strategic environment determines which kind of rule rationality is adopted by the players. We...
Persistent link: https://www.econbiz.de/10011259059