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telecommunications is in line with micro-economic theory, which predicts an increase in efficiency and lower prices when markets are …) monopoly thesis. Recently, however, a trend towards deregulation of such industries has been observed. This trend started with … the economies of scale have disappeared as a result of emerging new technologies. The successful deregulation in …
Persistent link: https://www.econbiz.de/10011506581
costs. We used two different concepts of efficiency, namely, cost efficiency and alternative profit efficiency, and found … efficiency of CRBs. We failed to find very conclusive evidence that corporate governance theories apply to the Philippines' CRBs …. However, the results confirmed both managers' compensation theory and large stakeholders theory. The second proposition is …
Persistent link: https://www.econbiz.de/10011429687
gender governance. Results suggest that market conditions can explain to a certain extent the differences in the efficiency … among credit cooperatives. However, the correlates of agency costs do not have a clear-cut effect on the efficiency of … credit cooperatives. What is more significant though in this study is the effect on efficiency of women participation in the …
Persistent link: https://www.econbiz.de/10011429707
Die ESI-Fonds sollen nach den Vorstellungen der EU-Kommission in der inzwischen angelaufenen Förderperiode entlang der gemeinsamen Zielsetzung von innovativem, nachhaltigem und integrativem Wachstum (EU-2020-Strategie) koordiniert werden. Die EU-Kommission hat dazu Verordnungsentwürfe und...
Persistent link: https://www.econbiz.de/10011480797
Determinanten des Globalisierungsgrades einer Branche ist die Höhe der Transaktionskosten. Niedrige Transaktionskosten führen … tendenziell zu globalisierten Märkten, hohe Transaktionskosten entsprechend zu segmentierten Märkten. Hinzu kommt, dass … Transaktionskosten auch Auskunft über den Grad des potentiellen Wettbewerbs geben können. Damit erhalten Wettbewerbsbehörden einen …
Persistent link: https://www.econbiz.de/10010295506
Der Beitrag stellt eine auf der Transaktionskosten-Ökonomik basierende Analyse von Kollisionsnormen vor. Hierzu wird … internationaler Rechtsordnungen und ihrer Auswirkungen auf die Effizienz internationaler Handelsbeziehungen. …
Persistent link: https://www.econbiz.de/10010296890
A nonlinear Black-Scholes equation which models transaction costs arising in the hedging of portfolios is discretized semi-implicitly using high order compact finite difference schemes. In particular, the compact schemes of Rigal are generalized. The numerical results are compared to standard...
Persistent link: https://www.econbiz.de/10010324085
This paper considers a sequence of discrete-time random walk markets with a single risky asset, and gives conditions for the existence of arbitrage opportunities or free lunches with vanishing risk, of the form of waiting to buy and selling the next period, with no shorting, and furthermore for...
Persistent link: https://www.econbiz.de/10010330249
We consider a partnership game with two roles in which a large population of firms interact to carry out, say, R&D joint ventures. The partners have to build a common-property asset through a sequence of costly investments. Firms have access to a monitoring technology whose cost depends on the...
Persistent link: https://www.econbiz.de/10011608313
characteristics of firms that opt to sign a voluntary agreement. In particular, it is shown that the efficiency of the scheme depends … voluntary agreements are energy-efficient firms, benefiting from an implicit subsidy for energy efficiency investments that …
Persistent link: https://www.econbiz.de/10011608672