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Are there alternatives to bankruptcy? A study of small business distress in Spain
García-Posada, Miguel; Mora Sanguinetti, Juan S. - In: SERIEs - Journal of the Spanish Economic Association 5 (2014) 2/3, pp. 287-332
Small businesses, the majority of Spanish firms, rarely file for formal bankruptcy when dealing with financial distress. This is why business bankruptcy rates in Spain are among the lowest in the world, even during the current economic crisis. To explain this fact we present the following...
Persistent link: https://www.econbiz.de/10011650289
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Exclusive Linear Modeling Approach to the Natural Resource Curse in the Azerbaijani Economy: Examples of Stepwise Regression
Niftiyev, Ibrahim - 2022
There is a growing body of literature on the possible presence of the Natural Resources Curse (NRC) and Dutch Disease Syndrome (DD) in the Azerbaijani economy. Because of its abundant hydrocarbon resources, Azerbaijan has pursued an oil-oriented strategy for economic growth and development....
Persistent link: https://www.econbiz.de/10013429070
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Gamblers' rationality in parimutuel soccer betting: Strategisches Spielverhalten bei Totalisatorspielen mit nicht-gleichwahrscheinlichen Spielausgängen wie Toto und Torwette
Hauser, Ursula; König, Ulrich; Krylova, Elizaveta - 2000
Wir entwickeln ein Modell für strategisches Spielverhalten bei Glücksspielen nach dem Totalisatorprinzip und wenden es auf die Fußballwettspiele Toto und Torwette an. Unter der Annahme, dass Buchmacherquoten die wahren Ausgangswahrscheinlichkeiten der betreffenden Fußballspiele reflektieren,...
Persistent link: https://www.econbiz.de/10010292739
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Die Markenstrategie des Deutschen Lotto-Toto-Blocks unter dem Einfluss des Bundesverfassungsgerichts
Albers, Norman - 2008
. Following this sentence, a state monopoly in future has to maximize players’ protection and prevention of pathological gambling …
Persistent link: https://www.econbiz.de/10010265651
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Gambling and the use of credit: an individual and household level analysis
Brown, Sarah; Dickerson, Andy; McHardy, Jolian; Taylor, Karl - 2010
We explore the relationship between gambling and other forms of risk-taking behaviour, i.e. exposure to debt and the … Expenditure and Food Surveys (EFS), 2001 to 2007. Gambling and the use of credit are shown to be positively correlated at the … household level. While both the incidence and amount of gambling vary according to household income, the positive association …
Persistent link: https://www.econbiz.de/10010271301
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Do Consumers Gamble to Convexify?
Crossley, Thomas F.; Low, Hamish; Smith, Sarah - 2013
who choose to gamble are likely to be larger than for the general population. Using UK data on gambling wins, other … those likely to be credit-onstrained. This is consistent with credit-constrained, risk-averse agents gambling to convexify …
Persistent link: https://www.econbiz.de/10010500250
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Lawyers as agents of the devil in a prisoner's dilemma game: Evidence from long run play
Ashenfelter, Orley; Bloom, David E.; Dahl, Gordon Boyack - 2013
Do the parties in a typical dispute face incentives similar to those in the classic prisoner's dilemma game? In this paper, we explore whether the costs and benefits of legal representation are such that each party seeks legal representation in the hope of exploiting the other party, while...
Persistent link: https://www.econbiz.de/10010293160
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Law enforcement and criminality: Europe vs. USA
Demougin, Dominique M.; Schwager, Robert - 1999
We use a stylized model to show that, if transfers to the poor are founded on a security argument, there is a negative trade-off between law enforcement expenditures and criminality. In contrast, if transfers are based on altruism, the correlation between the same variables may appear positive....
Persistent link: https://www.econbiz.de/10010297642
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The role of accounting in the German financial system
Leuz, Christian; Wüstemann, Jens - 2003
This chapter analyzes the role of financial accounting in the German financial system. It starts from the common perception that German accounting is rather 'uninformative'. This characterization is appropriate from the perspective of an arm's length or outside investor and when confined to the...
Persistent link: https://www.econbiz.de/10010298240
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Eine ökonomische Analyse unterschiedlicher Finanzierungsmodelle der Krankenversorgung in Deutschland
Henke, Klaus-Dirk; Borchardt, Katja; Schreyögg, Jonas; … - 2003
Die Debatte über eine Finanzierungsreform des deutschen Krankenversicherungssystems hat in der letzten Zeit viele Konzepte hervorgebracht. Die Vorschläge reichen von der Stabilisierung des Status quo in Form von Kopfpauschalen über die Einführung verschiedener Formen eines...
Persistent link: https://www.econbiz.de/10010300520