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When people share risk in financial markets, intermediaries provide costly enforcement for most trades and, hence, are an integral part of financial marketsu0092 organization. We assess the degree of risk sharing that can be achieved through financial markets when enforcement is based on the...
Persistent link: https://www.econbiz.de/10009636542
, our results show that even though the traditional results of bargaining theory apply in this context, they are generally …
Persistent link: https://www.econbiz.de/10009639478
This paper surveys intergenerational altruism in neoclassical growth models. It first examines Barro's approach to … intergenerational altruism, whereby successive generations are linked by recursive altruistic preferences. Individuals have an … intergenerational altruism. Other forms of altruism, referred to as ad hoc altruism, are also examined, along with their implications …
Persistent link: https://www.econbiz.de/10009639441
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The AFET committee has requested two briefing notes on the decentralization process in Kosovo and the creation of the … decentralization is a process still in the making in Kosovo. They however emphasize different issues and problems and they also diverge …
Persistent link: https://www.econbiz.de/10011715265
This study analyses the current system of decentralised administrative support and coordination within the European Commission, focussing particularly on organisational efficiency in Human resources management and in External Communication as well as on staff perceptions in general. It includes...
Persistent link: https://www.econbiz.de/10009638839
EU decentralised agencies are submitted to some financial and administrative requirements initially established for the EU Institutions (e.g. arising from Staff Regulation, Financial Regulation). Given the size of most of them, a significant proportion of their staff is dealing with...
Persistent link: https://www.econbiz.de/10010487935
This Final Report presents the outcome of the “Thematic global evaluation of the Commission support to decentralisation processes”. The Evaluation was commissioned by the DG DEVCO Evaluation Unit and was implemented between January 2010 and February 2012. The purpose of the evaluation is to...
Persistent link: https://www.econbiz.de/10011799368