Showing 1 - 10 of 17,320
This paper discusses the impact of a firm's technology portfolio on its market value. Two concepts are used to characterize a firm's portfolio: the number of technological fields and the degree of relatedness within the portfolio characterized by the amount of joint occurrences of patents in...
Persistent link: https://www.econbiz.de/10010265003
Persistent link: https://www.econbiz.de/10011696493
We study bank supervision by combining a theoretical model that distinguishes supervision from regulation and a novel dataset on work hours of Federal Reserve supervisors. We highlight the trade-offs between the benefits and costs of supervision and use the model to interpret the relationship...
Persistent link: https://www.econbiz.de/10011537999
The purpose of the paper is to provide a simple model explaining buyer-supplier relationships and show what factors determine the number of trading partners. We show that when the supplier is able to determine the number of trading partners, the optimal number is small if the supplier's...
Persistent link: https://www.econbiz.de/10010332385
. Martin Feldstein's pro-privatization rhetoric relative to Social Security is first analyzed. A subsequent comparison his … rhetoric to that of George W. Bush concludes that both the political and the economic rhetoric of Social Security privatization …
Persistent link: https://www.econbiz.de/10010288065
This paper studies privatization policy in an international oligopoly. The argument that equal treatment of foreign … relevant in privatization auctions than in greenfield FDI models, since these profit shifts are partly paid for by the foreign …
Persistent link: https://www.econbiz.de/10010320057
the privatization. The two key mechanisms explaining the results are: (i) a government owner keeping control takes into …
Persistent link: https://www.econbiz.de/10010320092
I develop a model of public sector contracting based on the multitask framework by Holmström and Milgrom (1991). In this model, an agent can put effort into increasing the quality of a service or reducing costs. Being residual claimants, private owners have stronger incentives to cut costs than...
Persistent link: https://www.econbiz.de/10010320112
Privatisierung aus polit-ökonomischen Erwägungen von den jeweiligen Politikern ausgewählt bzw. strukturiert wird, und nicht aus …With this theoretical survey the thesis is put forward that the method of privatization as well as the structure of the … privatization agency is choosen by the politicians for politico-economic reasons, and not for reasons of saving transaction costs or …
Persistent link: https://www.econbiz.de/10010275470
liberalization and their privatization which can be complete or partial such that upstream production is still run by an SOE. We show … in most cases even if a holdup problem exists. For any vertically separated structure we find that privatization through … multi-product firms welfare dominates privatization through single-product firms. …
Persistent link: https://www.econbiz.de/10010298993