Showing 1 - 10 of 49
Does management consulting facilitate the access to credit for start-ups? This paper tries to answer the question by developing a theoretical framework where a firm applies for a bank loan to implement a risky project. The probability of success increases if the firm exerts a costly managerial...
Persistent link: https://www.econbiz.de/10013137844
We extend the analysis carried out by Valletti (2000) by considering an environmental externality in a vertically differentiated duopoly where firms compete à la Cournot with fixed costs of quality improvement.We show that, if the weight of the external effect is high enough, the resulting...
Persistent link: https://www.econbiz.de/10013125252
to show that firms may spontaneously adopt a green technology even in the complete absence of any form of regulation …
Persistent link: https://www.econbiz.de/10013128770
We investigate the introduction of a minimum quality standard (MQS) in a vertically differentiated duopoly with an environmental externality. We establish that the MQS bites only if the hedonic component of consumer preferences is sufficiently strong. Then, we illustrate an underlying tradeoff...
Persistent link: https://www.econbiz.de/10013128771
-Nash equilibria ranging above marginal cost pricing also, to show that softening price competition may lead to a lower output …
Persistent link: https://www.econbiz.de/10014172830
We study the screening problem of a firm that needs to hire a worker to produce output and that observes neither the productive ability nor the intrinsic motivation of the job applicant. We completely characterize the set of optimal contracts according to whether motivation or ability is the...
Persistent link: https://www.econbiz.de/10014161327
This paper investigates the impact of heterogeneous wealth on credit allocation from an egalitarian opportunity and an efficiency point of view. Under asymmetric information on both wealth and the responsibility variable there is no trade-off between equality and efficiency, actually wealth...
Persistent link: https://www.econbiz.de/10013065158
Grade in flation or soft grading is a common feature of the educational systems of many countries. In this paper I analyse grade in flation in a setting in which students differ in social background, and the grading policy can be targeted according to student type. I consider a signalling game...
Persistent link: https://www.econbiz.de/10014174808
investigates – from a methodological viewpoint – the relationship between network connectivity and the rank-size rule (or Zipf …’s law) in an urban-economic network constellation. After a review of the literature, we address in particular the following …-economic network theories (e.g. entropy maximization, spatial interaction theory, etc.); (ii) the nature of the analytical relationship …
Persistent link: https://www.econbiz.de/10014172057
perfection of the open-loop Nash solution. Moreover, we identify the admissible parameter region wherein price regulation …
Persistent link: https://www.econbiz.de/10014185008