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We study firm reputation as a mechanism to assure product quality in perfectly competitive marketsin a context in which … withasymmetric information and moral hazard problems, credible certification schemes reduce the costof establishing reputation and … the ability of reputation to operate as amechanism for assuring quality. Second, the actual design of the certification …
Persistent link: https://www.econbiz.de/10009446159
Allokationsverfahren zur Vergabe von Zutrittslizenzen an Marktneulinge differieren hinsichtlich mehrerer Aspekte. Einer davon ist die Veröffentlichung der vom Regulierer im Lizenzvergabeverfahren gesammelten Informationen. Der Autor untersucht den Einfluss der Informationsweitergabe auf die...
Persistent link: https://www.econbiz.de/10009467401
dem IWF in diesen Szenarien zur Verfügung stehen, orientieren sich dabei an den in der Theorie zur Finanzintermediation …, especially in contract theory. After thoroughly summarizing the potential information asymmetries and negative incentives between …
Persistent link: https://www.econbiz.de/10009471827
This thesis contributes to the literature by providing new insights into the patterns and market implications of insider trading. The inferences presented here are based on the insider trading reports filed with the Polish Securities and Exchange Commission and the New Zealand Exchange. First,...
Persistent link: https://www.econbiz.de/10009460738
applications it is desirable that nodes can join anonymously, but anonymity makes it easy to spread false reputation information. A … limitations of the DSP solution space; and we gradually reduce the impact of adversarial behaviour in P2P reputation systems using … heuristic methods. As a side effect of our work, we present a special-purpose framework for simulation of P2P reputation systems …
Persistent link: https://www.econbiz.de/10009467070
Gegenstand dieser Arbeit ist die Betrachtung der Reputation eines Unternehmens aus ?konomischer Sicht. Die … Unternehmensreputation. Die Reputation wird hier mit einem betriebswirtschaftlichen Kosten-Nutzen Kalk?l betrachtet. Nur mit einer Reputation … wird.Die Genese der ?konomischen Reputation erfolgt durch den Reputationstr?ger, d.h. im Unternehmen. Um die Werttreiber …
Persistent link: https://www.econbiz.de/10009484796
This dissertation consists of three essays linking the business models of rating agencies to the rating decisions these agencies make as market intermediaries between buyers and sellers.The first study examines the link between a rating agency‟s primary revenue source and its rating decisions....
Persistent link: https://www.econbiz.de/10009480652
Die seit Sommer 2007 anhaltende Krise an den weltweiten Finanzmärkten, welche mittlerweile andere Wirtschaftszweige wie etwa den Automobilsektor infiziert hat, ist auch auf die Tätigkeit zumindest der großen US-Ratingagenturen zurückzuführen. Strukturierte Forderungen wurden zu positiv...
Persistent link: https://www.econbiz.de/10009459141
In recent years, financial simulations have gotten computationally intensive due to larger portfolio sizes, and an increased demand to perform real-time risk analysis. In this paper, we propose a hardware implementation that uses a recursive analytical method to price the Collateralized Debt...
Persistent link: https://www.econbiz.de/10009455231
This paper provides an overview of the most important structured finance instruments in the context of the development of the financial turmoil that started in the third quarter of 2007 and continued into 2008. These financial market tensions were triggered by concerns about exposures of...
Persistent link: https://www.econbiz.de/10012529536