Similar Search Results

Commitment vs. Flexibility with Costly Verification

Halac, Marina - 2016

principal chooses a permissible action set as a function of the audit decision and result. We show that if the audit cost is … instead prefer auditing only intermediate actions. However, if the principal cannot commit to inefficient allocations … following the audit decision and result, TEC is always optimal. Our results provide a theoretical foundation for the use of TEC …

Persistent link: https://www.econbiz.de/10012977283

The Bail-In Problem : Systematic Goals, Ad Hoc Means

Eichengreen, Barry; Rühl, Christof - 2021

, Ecuador, Romania and Ukraine. We show that because default and restructuring are so painful and costly, it is simply not time …

Persistent link: https://www.econbiz.de/10013225811

Covid-19 and SME Failures

Gourinchas, Pierre-Olivier; Kalemli-Ozcan, Sebnem; … - 2021

We estimate the impact of COVID-19 on business failures for small and medium sized enterprises (SMEs) using firm-level data in seventeen countries. Absent government support, the failure rate of SMEs would have increased by 9.1 percentage points, representing 4.6 percent of private sector...

Persistent link: https://www.econbiz.de/10013244116

Home Computer Use and the Development of Human Capital

Malamud, Ofer - 2010

outcomes. We collected survey data from households who participated in a unique government program in Romania which allocated …

Persistent link: https://www.econbiz.de/10013146941

The Effect of Education on Mortality and Health : Evidence from a Schooling Expansion in Romania

Malamud, Ofer - 2018

This paper examines a schooling expansion in Romania which increased educational attainment for successive cohorts born …

Persistent link: https://www.econbiz.de/10012927016

School Tracking and Access to Higher Education Among Disadvantaged Groups

Malamud, Ofer - 2011

. This paper exploits an educational reform in Romania to examine the impact of postponing tracking on the proportion of …

Persistent link: https://www.econbiz.de/10013127752

The Selection of Migrants and Returnees : Evidence from Romania and Implications

Ambrosini, William - 2011

and wages in Romania …

Persistent link: https://www.econbiz.de/10013127753

Going to a Better School : Effects and Behavioral Responses

Pop-Eleches, Cristian - 2011

. For the first task, we exploit almost 2,000 regression discontinuity quasi-experiments observed in the context of Romania …

Persistent link: https://www.econbiz.de/10013128273

Property Rights and Finance

Johnson, Simon; McMillan, John; Woodruff, Christopher - 2021

Which is the tighter constraint on private sector investment: weak property rights or limited access to external finance? From a survey of new firms in post-communist countries, we find that weak property rights discourage firms from reinvesting their profits, even when bank loans are available....

Persistent link: https://www.econbiz.de/10013213059

Interactions between Family and School Environments : Evidence on Dynamic Complementarities?

Malamud, Ofer - 2016

This paper explores whether conditions during early childhood affect the productivity of later human capital investments. We use Romanian administrative data to ask if the benefit of access to better schools is larger for children who experienced better family environments because their parents...

Persistent link: https://www.econbiz.de/10012995984