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The sources of quality in the pharmaceutical industry

Yacuzzi, Enrique A.; Martín, Fernando; Vignola, Gabriel; … - 2004

This paper analyzes the sources of quality of a pharmaceutical product. After identifying eight quality dimensions, a framework of hypothetical sources that contribute the most to shape those dimensions is established. The framework, based on Garvin's pioneering work, is applied to case studies...

Persistent link: https://www.econbiz.de/10010323226

A new linkage between corporate and public governance through the lens of incremental cash flows

Apreda, Rodolfo - 2008

While in the study of Corporate Governance we can avail ourselves of the incremental cash-flow model (ICFM), the analysis of Public Governance has been falling behind with this issue. The paper sets forth an innovative linkage between both fields of learning and practice, by means of a suitable...

Persistent link: https://www.econbiz.de/10010323096

Separation of powers and political budget cycles

Saporiti, Alejandro; Streb, Jorge M. - 2003

From a theoretical viewpoint, political budget cycles (PBC) arise in equilibrium when rational voters are imperfectly informed about the incumbent's competency and the incumbent enjoys discretionary power over the budget. This paper focuses on the second condition, examining how executive...

Persistent link: https://www.econbiz.de/10010323101

Fusiones y adquisiciones en mercados con empresas públicas y privadas

Coloma, Germán - 2005

This paper develops an oligopoly model with firms that may potentially be public or private, and solves it for different cases in which the number and ownership of those firms vary. The results are then compared in terms of total surplus and consumer surplus, and this comparison produces...

Persistent link: https://www.econbiz.de/10010323115

Estimation of demand systems based on elasticities of substitution

Coloma, Germán - 2006

This paper develops a model for demand-system estimations, whose coefficients are own-price Marshallian elasticities …-up restrictions implied by consumer theory, and is primarily useful for the estimation of the demands of several goods of the same …

Persistent link: https://www.econbiz.de/10010323124

Un panorama de los modelos de decisión

Yacuzzi, Enrique - 2007

La toma de decisiones es, por su impacto económico, social, motivacional y hasta simbólico, una actividad administrativa de extraordinaria importancia. Esta importancia es muy clara cuando tratamos con decisiones estratégicas, como la inversión en una nueva planta o la expansión de la...

Persistent link: https://www.econbiz.de/10010323129

Learning externalities and economic growth

Rodriguez, Alejandro M. - 2004

It is a well known fact that not all countries develop at the same time. The industrial revolution began over 200 years ago in England and has been spreading over the world ever since. In their paper Barriers to Riches, Parente and Prescott notice that countries that enter the industrial stage...

Persistent link: https://www.econbiz.de/10010323137

A real options approach to tender offers and acquisitions processes

Dapena, José Pablo; Fidalgo, Santiago - 2003

investments, which can also justify premiums paid above the former market price. A relevant proposition of our paper is that the … exercise price of the growth option (and hence the amount to be paid as the control premium) can be affected by the release of … information. We develop a model for these two theoretical extremes, one where the exercise price fully reacts to events, and one …

Persistent link: https://www.econbiz.de/10010323161

A country-risk approach to the business cycle: With an application to Argentina

Avila, Jorge C. - 2010

The paper holds that the country risk premium is the triggering factor of the business cycle in a small, financially open and highly volatile economy like that of Argentina. A rise of the premium determines a capital outflow, an aggregate demand contraction and a recession; a fall of the premium...

Persistent link: https://www.econbiz.de/10010323167

Sobre burbujas de precios de activos, expectativas y equilibrios

Dapena, José Pablo - 2007

De acuerdo a la literatura el precio de un activo (financiero o real) experimenta una burbuja si su precio de mercado se encuentra desajustado de manera persistente en el tiempo con respecto a su valor intrínseco o fundamental. En un contexto de racionalidad y eficiencia es difícil aceptar la...

Persistent link: https://www.econbiz.de/10010323175