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In this paper we explore perceptions of distributive justice in Latin America during the 2000s and its relationship … holds across very heterogeneous groups of the population. Moreover, perceptions evolved in the same direction as income … inequality for 17 out of the 18 countries for which microdata is available. Our analysis reveals unfairness perceptions are more …
Persistent link: https://www.econbiz.de/10011691107
experimental evidence that such perceptions of identity-relevant characteristics causally influence decisionmaking: if people view … administrative data, we show that negative perceptions strongly predict households' stock market participation, more so than leading … alternative determinants. Beyond investment decisions, perceptions predict individuals' polarizing behavior towards stockholders …
Persistent link: https://www.econbiz.de/10013468209
experimental evidence that such perceptions of identity-relevant characteristics causally influence decision-making: if people view … administrative data, we show that negative perceptions strongly predict households' stock market participation, more so than leading …
Persistent link: https://www.econbiz.de/10014309586
Persistent link: https://www.econbiz.de/10011958590
In case of multiple source lending even solvent firms may be forced into bankruptcy due to uncoordinated credit withdrawals of their lenders. This paper analyzes whether a debtor firm can thwart such inefficient liquidations by offering creditors the option to delay their foreclosure decision...
Persistent link: https://www.econbiz.de/10003636509
This paper models the instability of peace agreements, motivated by the empirical regularity with which peace agreements tend to break down following civil war. When war provides opportunities for profit to one side, or when other difficulties such as historical grievances exist, peace may...
Persistent link: https://www.econbiz.de/10003725545
This paper examines the implications that alternative regulatory structures may have for resolving failed banking institutions. We place our emphasis on the European Union (EU), which is both economically and financially large and has several features relating to cross-border banking in the form...
Persistent link: https://www.econbiz.de/10003730481
This paper examines the negative externalities that may occur when a large bank fails, describes the nature of those externalities, and explores whether they may be greater in a case involving a large cross-border banking organization. The analysis suggests that the chief negative externalities...
Persistent link: https://www.econbiz.de/10003730539
A controversial aspect of payment cards has been the “no-surcharge rule.” This rule, which is part of the contract between the card provider and a merchant, states that the merchant cannot charge a customer who pays by card more than a customer who pays by cash. In this paper we consider the...
Persistent link: https://www.econbiz.de/10003730553
This study is a review of the recent trends in development economics research. The focus is on the development in the recent decades as a result of increased globalization of knowledge, technologies and economies. In particular I look at the development in a number area where similar trends are...
Persistent link: https://www.econbiz.de/10003646693