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In this paper we compare the costs of two regulatory policies about the entry of new firms. We consider an incumbent firm that has more information about the market demand than the regulator. Then, the incumbent firm can use this advantage to persuade the regulator to make entry more difficult....
Persistent link: https://www.econbiz.de/10005031561
the effects on a life insurance market if more information becomes available over time, for individuals and possibly also … for insurers? Should people buy insurance before or after becoming informed? How do earlier trades influence the market … equilibrium in later periods? We also analyze the scope for a Pareto improving regulation of the insurance market. …
Persistent link: https://www.econbiz.de/10005515562
Este artigo apresenta uma analise para o risco operacional levando em conta informações referentes aos quatro maiores bancos brasileiros. Para tanto, é feita uma breve analise do estado-da-arte sobre o risco operacional e propõe uma discussão em torno dos critérios adotados pelo Comitê de...
Persistent link: https://www.econbiz.de/10008516709
A vegetação de caatinga, usada para produção de lenha e carvão, resulta em renda para as famílias rurais da região Nordeste. O Ibama cogitou o cancelamento da isenção de taxa de vistoria aos produtores de carvão com plano de manejo florestal. O modelo principal-agente desenvolvido...
Persistent link: https://www.econbiz.de/10009319477
This work has as objective to analyze the supposed existing positive relation between financial development and economic growth. The financial system influences the economic growth due to the functions that it plays, such as: ) the mobilization of resources; b) allocation of the resources in the...
Persistent link: https://www.econbiz.de/10004968586
We consider a leader and a subordinate he appoints who engage in team production. The public observes the organization’s performance, but is unable to determine the separate contributions of the leader and of the subordinate. The leader may therefore claim credit for the good work of his...
Persistent link: https://www.econbiz.de/10005190898
A partir da concepção mais ampla de moeda discutida por Stiglitz e Weiss (1981) e de Meza (1987), desenvolvendo os aspectos microeconômicos do problema de racionamento de crédito e levando em consideração as reformas estruturais no Sistema de Pagamentos Brasileiro (SPB), bem como formas de...
Persistent link: https://www.econbiz.de/10008675301
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