Showing 1 - 10 of 19
This paper investigates the internationalization of venture capital (VC) and private equity (PE) investments. We derive flows between countries of VC and PE investments worldwide, relying on comprehensive firm-level data sources, covering three decades and about 100 countries. A gravity analysis...
Persistent link: https://www.econbiz.de/10010288130
Post-Keynesians have questioned the relevance of behavioral economics on methodological grounds, citing the predominant focus of the behavioral literature on possible deviations of individual behavior from extreme standards of perfect optimization. The very limited influence of behavioral...
Persistent link: https://www.econbiz.de/10014480417
This paper examines the determination of the rate of growth in an economy in which two political parties, each representing a different social class, negotiate the magnitude and allocation of taxes. Taxes may increase growth if they finance public services but reduce growth when used to...
Persistent link: https://www.econbiz.de/10010397511
performance. It is proposed that the local implementation of these general standards from outside the organization will likely … lead to a variety of firm-specific implementation trajectories, ultimately leading to different levels of VSS … implementation extensiveness across firms. This variety that is not sufficiently addressed in extant research, is researched in the …
Persistent link: https://www.econbiz.de/10011585615
-ante implementable social choice functions. This holds for a large set of implementation standards, including Nash implementation, and …
Persistent link: https://www.econbiz.de/10010263205
In this paper we investigate a delegation game in which the underling situation is represented by a standard Bertrand price competition. In contrast to Fershtman, Judd, and Kalai ([1987], hereafter FJK), we employ a weakly undominated SPNE as the equilibrium concept based on Shino [2012] and...
Persistent link: https://www.econbiz.de/10010282850
In this paper we study delegation environments based on Fershtman, Judd, and Kalai ([1987], hereafter FJK). By imposing a certain assumption on the notion of implementability, called implementability with mutually rational agents, they show that every efficient outcome can be fully implemented...
Persistent link: https://www.econbiz.de/10010282857
The development and implementation of an efficient institutional food procurement programme (IFPP) - which aims to link …
Persistent link: https://www.econbiz.de/10012030387
We study Pareto optimal tax and education policies when human capital upon labor market entry is endogenous and individuals face wage uncertainty. Though optimal labor distortions are history-dependent, i.e. depend on income and education, simple policy instruments can yield the desired...
Persistent link: https://www.econbiz.de/10010316898
This paper analyzes how all-pay auctions with endogenous prizes can be used to provide effort incentives. We show that wide classes of effort distributions can be implemented as equilibrium outcomes of such games. We also ask how all-pay auctions have to be structured so as to induce high...
Persistent link: https://www.econbiz.de/10010316920