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We provide experimental evidence of workers' ingratiation by opinion conformity and of managers' discrimination in favor of workers with whom they share similar opinions. In our Baseline, managers can observe both workers' performance at a task and opinions before assigning unequal payoffs. In...
Persistent link: https://www.econbiz.de/10010929091
We describe a simple computing technique for the tournament choice problem. It rests upon relational modeling and uses the BDD-based computer system RelView for the evaluation of the relation-algebraic expressions that specify the solutions and for the visualization of the computed results. The...
Persistent link: https://www.econbiz.de/10010751006
This paper aims to connect two strands of the venture capital literature: the inter-relationships among venture capitalists (VCs) on the one hand, and between VCs and their funds providers on the other hand. It examines the existence of a relationship between type of fund provider and skill...
Persistent link: https://www.econbiz.de/10010933147
De nombreux travaux soutiennent que les CVCs (Corporate Venture Capitalists) financent des investissements ayant une rentabilité moindre que les IVCs (Independent Venture Capitalists). Plusieurs explications sont avancées. La plus fréquente est que les CVCs, assurés d'un refinancement...
Persistent link: https://www.econbiz.de/10010933148
In the aftermath of the sovereign debt criss, open-market interventions prevailed within the central bank's policy answers known under the label unconventional monetary policy measures. During interwar period, France was an isolated case, among the leading countries, by everlastingly rejecting...
Persistent link: https://www.econbiz.de/10010933149
Since 2000, South American economies have undertaken several regional projects to eliminate socioeconomic inequalities and improve citizens' living standards. This study evaluates the convergence in real GDP per-capita, as a suitable proxy measure, of 10 Unasur members, namely Argentina,...
Persistent link: https://www.econbiz.de/10010933150
We analyse the determinants of banks' balance-sheet and leverage-ratio dynamics and their role in increasing financial fragility. Our results are twofold. First, we show that there is a value of bank's leverage that minimises financial fragility. Second, we show that this value depends on the...
Persistent link: https://www.econbiz.de/10010933151
In this paper, we test and reject the separability of production and consumption decisions of agricultural households in Ethiopia, using data from a rural household survey conducted in 1994 and an estimated labour demand equation. We also elicit socio-demographic and asset variables that are...
Persistent link: https://www.econbiz.de/10010933800
A substantial literature has examined the determinants of support for democracy and although existing work has found a gender gap in democratic attitudes, there have been no attempts to explain it. In this paper we try to understand why females are less supportive of democracy than males in a...
Persistent link: https://www.econbiz.de/10010933801
This paper solves a second-best problem where a government has in particular to choose whether to tax financial inflows (capital controls) or not, and when. A multi-stage optimal control technique is used to this end. First, it is shown that it is optimal to switch in finite time from capital...
Persistent link: https://www.econbiz.de/10010933802