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L'un des arguments presentes en faveur du droit spontane est sa capacite a promouvoir l'efficacite. S'appuyant sur l …'analyse economique, l'article se propose de revenir sur cette propriete en interpretant le droit comme une connaissance commune. Nous …
Persistent link: https://www.econbiz.de/10005779625
L'article présente les résultats d'une évaluation économique comparée du droit des contrats publics et de l … obligations), le droit du contrat public n'a jamais fait l'objet d'études utilisant la méthode des indicateurs. Les comparaisons … internationaux, du fait de leur diversité et même de leur hétérogénéité. Une perspective de droit comparé, sensible à la question des …
Persistent link: https://www.econbiz.de/10011074198
Regulatory failure causing financial crises has occurred with great frequency in the last ten years in both advanced and emerging nations. Theories of regulation have failed to define and describe the meanings of deregulation, the range of regulatory models and their goals, the significance of...
Persistent link: https://www.econbiz.de/10012721701
Persistent link: https://www.econbiz.de/10012721993
A recent phenomenon in competition policy is the acquisition of a private firm by an enterprise that is either wholly owned by government or in the midst of privatization. Such an acquisition poses the question of how public ownership may alter the incentives of a firm to engage in...
Persistent link: https://www.econbiz.de/10012722148
This paper revisits the proposal to use options in corporate bankruptcy that was put forward in Bebchuk (1988). According to the proposed procedure, corporate bankruptcy should be implemented through the distribution to participants of appropriately designed options. The paper starts by...
Persistent link: https://www.econbiz.de/10012722230
In this paper we analyze a model of voluntary disclosure by firms in financial markets. We focus on externalities that arise when firm values are correlated and the disclosures made by one firm affect the valuation of other firms. In our model, firms can choose the precision of their disclosure,...
Persistent link: https://www.econbiz.de/10012722279
Extant literature is not unequivocal about IPO pricing. It is almost silent about the misallocation in the capital market. IPO pricing is mostly argued from the point of view of listing gains/losses.This paper seeks to explain the process and outcomes of IPO pricing in the capital market with...
Persistent link: https://www.econbiz.de/10012722573
From 1994 to 1998, Bradshaw (2004) finds that analysts' stock recommendations relate negatively to residual income valuation estimates but positively to valuation heuristics based on the price-to-earnings-to-growth ratio and long-term growth. These results are surprising, especially considering...
Persistent link: https://www.econbiz.de/10012723223
State regulation of insurance companies has been criticized for many years because of the burden imposed on insurers by having to comply with the laws of many jurisdictions. These higher costs are passed on to consumers. The problems with the current regulatory structure are prompting calls for...
Persistent link: https://www.econbiz.de/10012724305