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Indifference Pricing for Power Utilities

Malamud, Semyon; Trubowitz, Eugene; Wüthrich, Mario V. - National Centre of Competence in ResearchFinancial … - 2008

We study utility indifference pricing of claim streams with intertemporalconsumption and power (CRRA) utilities. We …

Persistent link: https://www.econbiz.de/10005868988

Em-powering economics: Some thoughts on policy and financial markets

Falkinger, Josef - 2012

This paper addresses the discussion between economic power and the power of politics with particular focus on financial … markets. After general reflections about the economic basis of power, the paper discusses in a general equilibrium framework … and insurance illusion. Rate of return regulation is proposed as an appropriate regulatory measure. Alternatively the …

Persistent link: https://www.econbiz.de/10010316928

Effects of Concentration on Stability of the Banking Sector : Evidence from Selected Arab Countries

Obeid, Rami - 2022

sector and economic growth. The findings show that the banking concentration has the power to influence the stability of the …

Persistent link: https://www.econbiz.de/10014238002

Monopolistic screening under learning by doing

Gärtner, Dennis - 2007

This paper investigates the design of incentives in a dynamic adverse selection framework when agents' production technologies display learning effects and agents' rate of learning is private knowledge. In a simple two-period model with full commitment available to the principal, we show that...

Persistent link: https://www.econbiz.de/10010315563

Telecommunications regulation and new services: A case study at the state level

Prieger, James E. - 2000

The effects that regulation has on the innovation and the introduction of new telecommunications services have not been … previously quantified in the literature. This study compares state-regulated services in Indiana under rate of return regulation … (RoRR) and under alternative regulation. The econometric model comprises an count process (for innovation) followed by a …

Persistent link: https://www.econbiz.de/10010318609

Corruption and the shadow economy: An empirical analysis

Dreher, Axel; Schneider, Friedrich G. - 2006

This paper analyzes the influence of the shadow economy on corruption and vice versa. We hypothesize that corruption and shadow economy are substitutes in high income countries while they are complements in low income countries. The hypotheses are tested for a crosssection of 120 countries and a...

Persistent link: https://www.econbiz.de/10010294540

Auditor Independence and NAS : A Comparative Analysis of Selected Current Regulatory Frameworks

Islam, Ainul - 2012

There is a widespread public perception that the provision of NAS undermines auditor independence. In order to protect auditor independence, the regulatory frameworks of many countries include regulations and guidelines which auditors are required to observe. This paper provides a comparative...

Persistent link: https://www.econbiz.de/10013107296

Drug quality and safety issues in India

Chokshi, Maulik; Mongia, Rahul; Wattal, Vasudha - 2015

Today, the global pharmaceutical product value chain is becoming increasingly complex and this has led to the emergence of 'multiple quality standards' for medicines. But this non-uniformity in the quality of medicine is also contingent upon both the regulatory milieu in the country of...

Persistent link: https://www.econbiz.de/10011807716

Cultural assimilation, cultural diffusion and the origin of the wealth of nations

Ashraf, Quamrul; Galor, Oded - 2007

This research argues that variations in the interplay between cultural assimilation and cultural diffusion have played a significant role in giving rise to differential patterns of economic development across the globe. Societies that were geographically less vulnerable to cultural diffusion,...

Persistent link: https://www.econbiz.de/10010318954

Early starts, reversals and catchup in the process of economic development

Chanda, Areendam; Putterman, Louis - 2004

Early states like China, India, Italy and Greece have been experiencing more rapid economic growth in recent decades than have later-comers to agriculture and statehood like New Guinea, the Congo, and Uruguay. We show that more rapid growth by early starters has been the norm in economic...

Persistent link: https://www.econbiz.de/10010318983