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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

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

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

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

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

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

The value chain of heat production from woody biomass under market competition and different intervention systems: An agent-based real options model

Wolbert-Haverkamp, Matthias; Feil, Jan-Henning; … - Institut für Agrarökonomie, Georg-August-Universität … - 2014

Woody biomass in terms of short rotation coppice (SRC) could be a promising alternative for producing biomass to generate renewable energy. Even through, from a single farms point of view, SRC seems to be an interesting land use alternative, farmers do not cultivate SRC. Some studies found out...

Persistent link: https://www.econbiz.de/10010981866

Three-Way Complementarities: Performance Pay, Human Resource Analytics, and Information Technology

Aral, Sinan; Brynjolfsson, Erik; Wu, Lynn - In: Management Science 58 (2012) 5, pp. 913-931

We test for three-way complementarities among information technology (IT), performance pay, and human resource (HR) analytics practices. We develop a principal-agent model examining how these practices work together as an incentive system that produces a larger productivity premium when the...

Persistent link: https://www.econbiz.de/10010990604

The effect of a premium in the Swedish car scrapping scheme: an econometric study

Forslind, K. - In: Environmental Economics and Policy Studies 9 (2008) 1, pp. 43-55

In order to handle the increasing problem of abandoned end-of-life vehicles (ELVs) in Sweden, an incentive system was introduced in 1975. One of the cornerstones of the system is a premium received by the owner when an ELV is returned for dismantling. The premium is intended to create an...

Persistent link: https://www.econbiz.de/10010949627

Incentive pay systems and the management of human resources in France and Great Britain

Belfield, Richard; Benhamou, Salima; Marsden, David - London School of Economics (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/10010745793