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instrumental for the increase of debt levels. Firms in countries with more credit restrictions take on more debt when the economy …
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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....
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claim credit for the good work of his subordinate. We find conditions which induce the leader to claim credit (both …
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instrumental for the increase of debt levels. Firms in countries with more credit restrictions take on more debt when the economy …
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This paper tries do motivate the discussion of evaluation problems in the context of social programs. Initially, the text explores the point of view that social programs should be recognized as complex organizations. In the case, there are multiple objectives, decentralization, and coordination...
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