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Instruments of development : Randomization in the tropics, and the search for the elusive keys to economic development
Deaton, Angus S. - 2009
There is currently much debate about the effectiveness of foreign aid and about what kind of projects can engender economic development. There is skepticism about the ability of econometric analysis to resolve these issues, or of development agencies to learn from their own experience. In...
Persistent link: https://www.econbiz.de/10012463957
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Detecting Fraud in Development Aid
Ensminger, Jean Evelyn; Leder-Luis, Jetson - National Bureau of Economic Research - 2022
When organizations have limited accountability, antifraud measures, including auditing, often face barriers due to institutional resistance and practical difficulties on the ground. This is especially true in development aid, where aid organizations face incentives to suppress information about...
Persistent link: https://www.econbiz.de/10013477260
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Syndicated Lending, Competition and Relative Performance Evaluation
Schneider, Thomas Ian; Strahan, Philip E.; Yang, Jun - National Bureau of Economic Research - 2022
versus the need for cooperation in loan syndication …
Persistent link: https://www.econbiz.de/10013172158
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Synergizing Ventures
Akcigit, Ufuk - 2019
Venture capital (VC) and growth are examined both empirically and theoretically. Empirically, VC-backed startups have higher early growth rates and initial patent quality than non-VC-backed ones. VC-backing increases a startup's likelihood of reaching the right tails of the firm size and...
Persistent link: https://www.econbiz.de/10012480140
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Product Market Synergies and Competition in Mergers and Acquisitions : A Text-Based Analysis
Hoberg, Gerard - 2008
We examine how product differentiation influences mergers and acquisitions and the ability of firms to exploit product market synergies. Using novel text-based analysis of firm 10K product descriptions, we find three key results. (1) Firms are more likely to enter restructuring transactions when...
Persistent link: https://www.econbiz.de/10012464357
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Busy Directors : Strategic Interaction and Monitoring Synergies
Ljungqvist, Alexander - 2017
We derive conditions for when having a "busy" director on the board is harmful to shareholders and when it is beneficial. Our model allows directors to condition their monitoring choices on their co-directors' choices and to experience positive or negative monitoring synergies across firms....
Persistent link: https://www.econbiz.de/10012453824
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Contracting With Synergies
Edmans, Alex - 2011
reduces a colleague's marginal cost of effort, and synergy to be the sum of the (unidimensional) influence parameters across a … depends only on total synergy and not individual influence parameters. An increase in synergy raises total effort and total … synergistic agents. An increase in the synergy between two agents can lead to the third agent being excluded from the team, even …
Persistent link: https://www.econbiz.de/10012461051
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A Dynamic Theory of Resource Wars
Acemoglu, Daron - 2011
We develop a dynamic theory of resource wars and study the conditions under which such wars can be prevented. The interaction between the scarcity of resources and the incentives for war in the presence of limited commitment is at the center of our theory. We show that a key parameter...
Persistent link: https://www.econbiz.de/10012461975
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Stopping Suicide Attacks : Optimal Strategies and Unintended Consequences
McBride, Michael - 2010
Governments fighting terrorists have many tactical options, yet these options often yield unintended and counterproductive consequences. This paper models a terrorist organization, a religious group from which the terrorists recruit suicide bombers, and the society in which the terrorists are...
Persistent link: https://www.econbiz.de/10012462021
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Can Hearts and Minds Be Bought? The Economics of Counterinsurgency in Iraq
Berman, Eli - 2008
We develop and test an economic theory of insurgency motivated by the informal literature and by recent military doctrine. We model a three-way contest between violent rebels, a government seeking to minimize violence by mixing service provision and coercion, and civilians deciding whether to...
Persistent link: https://www.econbiz.de/10012464041