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TRANSFERS AND GIFTS IN OG MODELS: MONETARY STEADY STATES
Ghiglino, Christian; Hansen, Bodil Olai; Tved, Mich - Økonomisk Institut, Copenhagen Business School - 2000
a general stationary overlapping generation model. A complete characterization of manipulations by coalitions and …
Persistent link: https://www.econbiz.de/10005419387
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Losses due to manipulation of social choice rules
Campbell, Donald; Kelly, Jerry - In: Economic Theory 45 (2010) 3, pp. 453-467
Persistent link: https://www.econbiz.de/10008775589
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Consistency Requirements and Pattern Methods in Cost Sharing Problems with Technological Cooperation
Bahel, Eric; Trudeau, Christian - Department of Economics, Virginia Polytechnic Institute … - 2012
reduce their cost shares), the methods used must make such manipulations unprofitable. The paper introduces a family of rules … that are immune to these demand manipulations, the pattern methods. For each of these methods, the associated production … manipulations of the technology. A useful axiomatization of the public Aumann-Shapley rule ensues: it is the unique flow method that …
Persistent link: https://www.econbiz.de/10010901392
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Libor manipulation?
Abrantes-Metz, Rosa M.; Kraten, Michael; Metz, Albert D.; … - In: Journal of Banking & Finance 36 (2012) 1, pp. 136-150
On May 29, 2008 the Wall Street Journal published an article alleging that several global banks were reporting Libor quotes significantly lower than those implied by prevailing credit default swap (CDS) spreads. While acknowledging that the “analysis doesn’t prove that banks are lying or...
Persistent link: https://www.econbiz.de/10011065719
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On the universally beneficial manipulation conjecture
Qi, Shaofang - In: Economics Letters 125 (2014) 2, pp. 229-232
The universally beneficial manipulation conjecture of Campbell and Kelly states that for a social choice rule, if everyone gains as a result of any optimal manipulation, then the rule satisfies universally beneficial manipulation, i.e., everyone gains as a result of any manipulation, optimal or...
Persistent link: https://www.econbiz.de/10011076570
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Jurimetric Analysis on the Hypothesis of Euribor Manipulation
Maddalena, Mandarà; Marco, Rossi - In: Banca Impresa Società (2013) 1, pp. 25-62
In this paper we analyze the reliability of Euribor after the beginning of the financialcrisis. We purpose three theories about the incentives by banks to manipulatethis benchmark rate to gain illegal profits: trading, portfolio and reputationaltheory. According to us, the main problem that...
Persistent link: https://www.econbiz.de/10011157693
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Institutions and the Management of Human Resources: Incentive Pay Systems in France and Great Britain
Belfield, Richard; Marsden, David - Centre for Economic Performance, LSE - 2009
Using data from large-scale establishment surveys in Britain and France, we show that incentive pay for non-managers is more widespread in France than in Britain. We explain this finding in terms of the 'beneficial constraint' arising from stronger employment protection in France, which provides...
Persistent link: https://www.econbiz.de/10005037457
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Incentive Pay Systems and the Management of Human Resources in France and Great Britain
Belfield, Richard; Benhamou, Salima; Marsden, David - Centre for Economic Performance, LSE - 2007
Incentive pay systems have undergone major changes in recent decades. This paper investigates use of incentive pay systems in British and French private sector establishments in 2004, focusing on payment-by-results, merit pay, and profit sharing, using British and French workplace surveys: WERS...
Persistent link: https://www.econbiz.de/10005220065
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Coherencia entre el cambio estrat‚gico y organizativo: Nuevas formas de organizaci¢n
Zazo, Gal n; Jos‚ Ignacio; S nchez Bueno. Mar¡a Jos‚ - Programa Interuniversitario de Doctorado en Nuevas … - 2002
Este trabajo es un estudio emp¡rico que analiza la relaci¢n din mica entre el cambio estrat‚gico y el cambio organizativo a partir de la investigaci¢n comparada de dos casos de estudio longitudinales. El trabajo muestra que la consecuci¢n de resultados econ¢micos superiores se produce...
Persistent link: https://www.econbiz.de/10005612020
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How can management deliver value for shareholders?
Chen, Andrew; Conover, James; Kensinger, John - In: Journal of Financial Transformation 7 (2003), pp. 93-101
Although there is growing discussion about share value as a management goal, the ways to enhance value sometimes seem mysterious to executives. Indeed, the commentary surrounding the recent accounting scandals has questioned the validity of share value maximization as a business goal, but has...
Persistent link: https://www.econbiz.de/10008518303