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This paper represents a first attempt at a tractable analysis of how monetary policy influences the income distribution in an economy. It presents a monetary growth model in which inflation affects credit market efficiency, and via this link, influences capital accumulation, and the income...
Persistent link: https://www.econbiz.de/10009418926
This paper examines ¯nite parimutuel betting games with asymmetric information, with par-ticular attention to di®erences between sequential and simultaneous settings, and betweenfully rational and myopic (\price taking") behavior. In the simultaneous parimutuel market,all (symmetric and...
Persistent link: https://www.econbiz.de/10005845207
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This article tests the modell of Brander and lewis under ertrand and Cournot competition.
Persistent link: https://www.econbiz.de/10005840866
eingeführt. Hiermit werden Versicherungsverträge bezeichnet, deren Erfüllung imLeistungsfalle aufgrund einer möglichen Insolvenz …
Persistent link: https://www.econbiz.de/10005842162
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increases with the opportunity for moral hazard (related to diligence, risk taking, or deception). Second, bankruptcy laws …
Persistent link: https://www.econbiz.de/10005857797
The newly established German insolvency law has become effective since January 1st,1999. At first, we outline the … objectives followed up by the legislator with this insolvency law reform,the general measures taken to these ends, and the degree … alternative conditionsfor insolvency have been redefined. We examine more precisely the welfare-theoretical consequencesof these …
Persistent link: https://www.econbiz.de/10005858830
A brief description of the U.S. System, Overview of certain transborder issues and problems...
Persistent link: https://www.econbiz.de/10008660285
Die Mercedes A-Klasse ist im Oktober 1997 bei einem so genannten Elchtest in Schwedenumgekippt. Die Ursachen waren hauptsächlich ein zu hoher Schwerpunkt und eineschlechte Bereifung. Die Konsequenzen dieses Ereignisses waren verheerend. Eine starkeSchädigung des Firmenimages und niedrige...
Persistent link: https://www.econbiz.de/10009004972