Showing 1 - 10 of 383
We suggest a full consolidation approach that takes into account the property rights structure whithin the subsidiaries, in particular, the majority requirements on restructurings. Our approach employs a property rights index based on cooperative game theory.
Persistent link: https://www.econbiz.de/10010332840
The rapid growth in index funds and significant consolidation in the asset-management industry over the past few decades has led to higher levels of common ownership and increased attention on the topic by academic researchers. A consensus has yet to emerge from the literature regarding the...
Persistent link: https://www.econbiz.de/10014480636
This paper extends the Grossman-Hart-Moore model to suite a specific trilateral trade transaction. In this transaction a downstream producer produces the final good using inputs from two different upstream suppliers. Moreover one of the upstream supplier needs an input from the other upstream...
Persistent link: https://www.econbiz.de/10013208522
We review the literature on public sector outsourcing to explore if the theoretical predictions from the incomplete contracts literature hold up to recent empirical evidence. Guided by theory, we arrange services according to the type and magnitude of their contractibility problems. The...
Persistent link: https://www.econbiz.de/10012654446
How do political elites prepare the civilian population for participation in violent conflict? We empirically …
Persistent link: https://www.econbiz.de/10011406158
experienced a ten year long civil conflict of varying intensity. We exploit that villages affected by the conflict had the same … trend in fertility as non-affected villages prior to the onset of conflict and employ a difference-in-differences estimator …. We find that women in affected villages increased their actual and desired fertility during the conflict by 22 percent …
Persistent link: https://www.econbiz.de/10012140920
We reconsider the relationship between oil and conflict, focusing on the location of oil resources. In a panel of 132 … countries over the period 1962-2009, we show that oil windfalls increase the probability of conflict in onshore-rich countries …, while they decrease this probability in offshore-rich countries. We use a simple model of conflict to illustrate how these …
Persistent link: https://www.econbiz.de/10011927977
matched to play a reduced form bargaining game. We show that this struggle for resources drives a conflict through the … consequences. We show that rational players can contribute to the conflict by aggressively discriminating and that this behavior is … relates to the social conflict literature, which examines the relationship between macro level factors such as unemployment …
Persistent link: https://www.econbiz.de/10010266354
We study effort provision and incentivisation in a Tullock group-contest with m Ï 2 groups that differ in size. A novel algorithmic procedure is presented that, under a symmetry assumption, explicitly characterises the equilibrium. Endogenous, optimal incentivisation schemes are then...
Persistent link: https://www.econbiz.de/10014577302
We construct a dynamic theory of civil conflict hinging on inter-ethnic trust and trade. The model economy is … beliefs on the average propensity to trade of the other group. Since confict disrupts trade, the onset of a conflict signals … after each conflict episode. Third, accidental conflicts that do not reflect economic fundamentals can lead to a permanent …
Persistent link: https://www.econbiz.de/10010316887