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Lobbying on Entry
Perotti, Enrico; Volpin, Paolo - 2004
We develop a model of endogenous lobby formation in which wealth inequalityand political accountability undermine entry and financial development. In-cumbents seek a low level of effective investor protection to prevent potentialentrants from raising capital. They succeed because they can...
Persistent link: https://www.econbiz.de/10010325212
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Badge of Honor or Scarlet Letter? Unpacking Investors' Judgment of Entrepreneurs' Past Failure
Zunino, Diego; van Praag, Mirjam (C.M.); Dushnitsky, Gary - 2017
crowdfunding. Respondents evaluate a realistic investment opportunity in a between-subjects design, where we decompose the effect …
Persistent link: https://www.econbiz.de/10011819478
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Trade, Trust and Transaction Cost
den Butter, Frank A.G.; Mosch, Robert H.J. - 2003
Transaction costs are a major reason why international trade flows are much smaller than traditional trade theory would suggest. Trust between trading partners lowers transaction costs and may therefore enhance trade. The empirical analysis of this paper shows that more trust leads to more trade...
Persistent link: https://www.econbiz.de/10010324925
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On the Importance of Default Breach Remedies
Sloof, Randolph; Oosterbeek, Hessel; Sonnemans, Joep - 2006
Theory predicts that default breach remedies are immaterial whenever contracting costs are negligible. Some experimental studies, however, suggest that in practice default rules do matter, as they may affect parties' preferences over contract terms. This paper presents results from an experiment...
Persistent link: https://www.econbiz.de/10010325420
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Inverse Adverse Selection: The Market for Gems
Dari-Mattiacci, Giuseppe; Onderstal, Sander; Parisi, … - 2011
This paper studies markets plagued with asymmetric information on the quality of traded goods. In Akerlof's setting, sellers are better informed than buyers. In contrast, we examine cases where buyers are better informed than sellers. This creates an inverse adverse selection problem: The market...
Persistent link: https://www.econbiz.de/10010325638
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The Economics of First-Contract Mediation
Dobbelaere, Sabien; Luttens, Roland Iwan - 2013
This paper provides an economic foundation for non-binding mediation to stimulate first collective bargaining agreements, as implemented in British Columbia since 1993. We show that the outcome of first-contract mediation is Pareto efficient and proves immune to the insider-outsider problem of...
Persistent link: https://www.econbiz.de/10010326226
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Who benefits from transfers?
Hoey, Samuel; Peeters, Thomas; Principe, Francesco - 2020
One major argument to legitimize the transfer system in European club football is that transfer fees paid by hiring clubs result in a redistribution of revenues from large market to small market clubs, which may lead to more intense on-field competition. We investigate this claim using a unique...
Persistent link: https://www.econbiz.de/10012233996
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On the Importance of Default Breach Remedies
Sloof, Randolph; Oosterbeek, Hessel; Sonnemans, J. H. - 2006
Theory predicts that default breach remedies are immaterial whenever contracting costs are negligible. Some experimental studies, however, suggest that in practice default rules do matter, as they may affect parties' preferences over contract terms. This paper presents results from an experiment...
Persistent link: https://www.econbiz.de/10014055527
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Second Best Decision Making of Railway Operators: How to fix Fares, Frequency and Vehicle Size
Rietveld, Piet; van Woudenberg, Stefan - 2007
Railway networks are characterised by variations in demand on different links. Optimal strategies therefore call for a differentiated treatment of fares, frequencies and vehicle sizes in various links. However, for several reasons, railway operators may apply uniform levels for these decision...
Persistent link: https://www.econbiz.de/10010325492
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Crowdfunding public goods: An experiment
Ansink, Erik; Koetse, Mark; Bouma, Jetske; Hauck, Dominic; … - 2017
We assess the impact of different crowdfunding designs on the success of crowdfunded public goods using a lab …-in-the-field experiment. Our design treatments aim to increase the efficiency of crowdfunding campaigns by raising aggregate contributions and … window we implement our crowdfunding experiment using a web-based user interface with multiple threshold public goods …
Persistent link: https://www.econbiz.de/10011819512