Narrow search
Showing 1 - 10 of 13,131
Cover Image
Risk selection in natural disaster insurance : the case of France
Jametti, Mario; von Ungern-Sternberg, Thomas - 2006
at the case of France. We build a simple model that incorporates the main features of the system, such as the uniform … situation in France we find that the 'stylized facts? of the system correspond to our results. Additionally, the policies …
Persistent link: https://www.econbiz.de/10010276887
Cover Image
Learning and signalling in the French and German venture capital industries
Stolpe, Michael - 2003
. It shows that venture capital operates according to the signalling model in France and according to the learning model in …This paper analyses the efficiency of venture capital and its impact on primary equity markets in France and Germany … Germany. Only the learning model can serve as a rationale for government subsidies. In the signalling model, many young …
Persistent link: https://www.econbiz.de/10010265598
Cover Image
Deriving the term structure of banking crisis risk with a compound option approach: The case of Kazakhstan
Eichler, Stefan; Karmann, Alexander; Maltritz, Dominik - 2010
We use a compound option-based structural credit risk model to infer a term structure of banking crisis risk from market data on bank stocks in daily frequency. Considering debt service payments with different maturities this term structure assigns a separate estimator for short- and long-term...
Persistent link: https://www.econbiz.de/10010300362
Cover Image
Oligopolistic Competition in Price and Quality
Dubovik, Andrei; Janssen, Maarten C.W. - 2008
neither. We show that two types of signalling equilibria are possible. Both are characterised by dispersion and Pareto …
Persistent link: https://www.econbiz.de/10010325731
Cover Image
A signalling model of environmental overcompliance
Denicolò, Vincenzo - 2000
I model environmental overcompliance as a signalling device. In the model, a benevolent government may or may not …
Persistent link: https://www.econbiz.de/10011608640
Cover Image
Umbrella branding and external certification
Hakenes, Hendrik; Peitz, Martin - 2008
In a market environment with random detection of product quality, a firm can employ umbrella branding as a strategy to convince consumers of the high quality of its products. Alternatively, a firm can rely on external certification of the quality of one or both of its products. We characterize...
Persistent link: https://www.econbiz.de/10010264839
Cover Image
Ideology without ideologists
Mechtenberg, Lydia - 2007
Generally, Democrats do not increase military spending, and Republicans do not raise welfare payments. Mostly, ruling politicians stick to the manifesto of their party. The current paper provides a theoretical explanation for this phenomenon that does not assume politicians or voters to be...
Persistent link: https://www.econbiz.de/10010265664
Cover Image
Public goods, social norms and naive beliefs
Cartwright, Edward; Patel, Amrish - 2008
An individual's contribution to a public good may be seen by others as a signal of attributes such as generosity or wealth. An individual may, therefore, choose their contribution so as to send an appropriate signal to others. In this paper we question how the inferences made by others will...
Persistent link: https://www.econbiz.de/10010277859
Cover Image
Non-comparative versus comparative advertising as a quality signal
Emons, Winand; Fluet, Claude - 2008
Two firms produce a product with a horizontal and a vertical characteristic. We call the vertical characteristic quality. The difference in the quality levels determines how the firms share the market. Firms know the quality levels, consumers do not. Under non-comparative advertising a firm may...
Persistent link: https://www.econbiz.de/10010316055
Cover Image
Open Source as a Signalling Device - An Economic Analysis
Lee, Samuel; Moisa, Nina; Weiß, Marco - 2003
theory. …
Persistent link: https://www.econbiz.de/10010316312