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We provide a general characterization of the structure of rational expectations equilibria of any degree of revelation for pure exchange, sequential economies, with deffinitely many states of private information, an incomplete financial market and nominal assets. We estimate the dimension of the...
Persistent link: https://www.econbiz.de/10009635915
This paper considers the role of foreign investors in developed-country equity markets. It presents a quantitative model of trading that is built around two new assumptions: (i) both the foreign and domestic investor populations contain investors of different sophistication, and (ii) investor...
Persistent link: https://www.econbiz.de/10009636533
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
The imbalances in bargaining power between the contracting parties in the food supply chain have drawn much scholarly attention but have also been closely examined by policy makers. The European Commission is committed to facilitate the restructuring of the agricultural sector by encouraging the...
Persistent link: https://www.econbiz.de/10011439217
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The purpose of this evaluation is to provide policy-makers and managers of the Commission’s relevant external co-operation … an independent assessment of the EC programme of co-operation with Moldova. The quality of EC assistance is assessed on … the basis of the Organisation for Economic Co-operation and Development (OECD) Development Assistance Committee (DAC …
Persistent link: https://www.econbiz.de/10009638727
-2007 period in all the external cooperation partner countries. This scope of the evaluation is extremely broad and heterogeneous …
Persistent link: https://www.econbiz.de/10009638735