Narrow search
Showing 1 - 10 of 13,802
Cover Image
Controlling a stock pollutant with endogenous investment and asymmetric information
Karp, Larry; Zhang, Jiangfeng - 2001
Non-strategic firms with rational expectations make investment and emissions decisions. The investment rule depends on … taxes create a secondary distortion at the investment stage, unless a particular condition holds; emissions quotas do not …-house gases. The endogeneity of investment favors taxes, and it increases abatement. …
Persistent link: https://www.econbiz.de/10011608857
Cover Image
Value at risk, bank equity and credit risk
Broll, Udo; Wahl, Jack E. - 2003
We study the implications of the value at risk concept for the bank's optimum amount of equity capital under credit risk. The market value of loans is risky and lognormally distributed. We show that the required equity capital depends upon managerial and market factors. Furthermore, the bank's...
Persistent link: https://www.econbiz.de/10010305454
Cover Image
Effects of Tax Depreciation Rules on Firms' Investment Decisions: A Comparison of European Transition Countries
Nam, Chang Woon; Radulescu, Doina Maria - In: CESifo DICE Report 01 (2003) 2, pp. 52-55
Persistent link: https://www.econbiz.de/10011696432
Cover Image
Asymmetric information, credit rationing and investment
Neff, Cornelia - 1998
Persistent link: https://www.econbiz.de/10010305012
Cover Image
Price-setting Power versus Private Information
Sloof, Randolph - 2003
seller has private information about his alternative trading opportunities. Theory predicts that, compared with a situation … these predictions, private information appears to have no impact on the investment levels observed in the experiment. A …
Persistent link: https://www.econbiz.de/10010325012
Cover Image
Optimal obscurity in the acquisition and disclosure of information about a shock
Aoyagi, Masaki - 2012
A principal acquires information about a shock and then discloses it to an agent. After the disclosure, the principal and agent each decide whether to take costly preparatory actions that yield benefits only when the shock strikes. The principal maximizes his expected payoff by controlling the...
Persistent link: https://www.econbiz.de/10010332326
Cover Image
The efficient and fair approval of "multiple-cost - single-benefit" projects under unilateral information
Kahana, Nava; Mealem, Yosef; Nitzan, Shmuel - 2009
This paper focuses on indivisible multiple-cost-single-benefit projects that must be approved by the government. A simple mechanism is proposed that ensures an efficient and fair implementation of such projects. The proposed mechanism is appropriate for a unilateral information structure: the...
Persistent link: https://www.econbiz.de/10010336002
Cover Image
Asymmetric information and overinvestment in quality
Belleflamme, Paul; Peitz, Martin - 2009
the market. Suppose that a higher investment level makes the realization of high quality more likely. Then, if consumers … observe the investment (but not the realization of product quality) before purchase, they can infer the probability … investment can avoid adverse selection and, second, an efficiency effect according to which a larger investment reduces the …
Persistent link: https://www.econbiz.de/10010264613
Cover Image
The efficient and fair approval of multiple-cost - single-benefit projects under unilateral information
Kahana, Nava; Mealem, Yosef; Nitzan, Shmuel - 2009
This paper focuses on indivisible multiple-costsingle-benefit projects that must be approved by the government. A simple mechanism is proposed that ensures an efficient and fair implementation of such projects. The proposed mechanism is appropriate for a unilateral information structure: the...
Persistent link: https://www.econbiz.de/10010269275
Cover Image
Causes and effects of financing constraints at the firm level: Some microeconometric evidence
Winker, Peter - 1996
causes of limited access to the loan market and its effects on investment and innovative activities are tested. The …
Persistent link: https://www.econbiz.de/10010398027