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only for uncertainty on market conditions but also for the threat of nationalization. In a real options framework where the … government holds an American call option on nationalization we show under which conditions a Nash bargaining is feasible and … leads to attain a cooperative agreement maximizing the joint venture surplus. We find that the threat of nationalization …
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The iron and steel industry is one of the most carbon emitting and energy consuming sectors in Europe. At the same time this sector is of high economic importance for the European Union. Therefore, while public environmental and energy policies target this sector, there is political concern that...
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Stagflation, a simultaneous increase in inflation and unemployment, is generally thought to result from exogenous oil shocks. In this paper, we investigate another potential source of stagflation focusing on tariffs. Relying on the estimation of structural VAR model with sign restrictions over...
Persistent link: https://www.econbiz.de/10011895126
Interventions that aim to change outcomes for women and children typically target women. Yet in contexts where men are the dominant decision-makers, male preferences and beliefs may remain the binding constraint. We ask - when we target men, women or both, with the same intervention in the same...
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