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Dynamics of market concentration in the Brazilian industry, 1996-2003 - The aim of this paper is to study the changes in market concentration in the Brazilian mining and manufacturing industries that took place from 1996 to 2003. The paper decomposes the Herfindahl-Hirschman index into...
Persistent link: https://www.econbiz.de/10008862852
outperform Indian and Russian ones, indicating that China and Brazil have more favorable institutional infrastructure. These …
Persistent link: https://www.econbiz.de/10011056788
improve the national infrastructure, particularly in the ports in northern Brazil, could lead to large improvements in the … in Brasilien zu ermitteln, wurde eine Markt- und Kostenanalyse für vier Anbaugebiete im Sorriso-Santos-Korridor mit … auf dem Weltmarkt gehört Brasilien zu den Hauptversorgern der weltweiten Sojanachfrage. Der Einfluss von Logistik und …
Persistent link: https://www.econbiz.de/10010985835
This paper analyzes the impact of endogenous credit terms under capital market imperfections in a capacity investment setting. We model a monopolist firm that decides on its technology choice (flexible versus dedicated) and capacity level under demand uncertainty. Differing from the majority of...
Persistent link: https://www.econbiz.de/10010990459
In the presence of cost uncertainty, limited liability introduces the possibility of default in procurement with its associated bankruptcy costs. When financial soundness is not perfectly observable, we show that incentive compatibility implies that financially less sound contractors are...
Persistent link: https://www.econbiz.de/10010851473
We propose a model based on competitive markets in order to analyse an economy with several homogeneous landlords and heterogeneous tenants. We model the landlord- tenant economy as a two-sided matching game and characterise the equilibrium of this market. In equilibrium, contracts are Pareto...
Persistent link: https://www.econbiz.de/10010851498
Starting from the standard analysis of accident theory, this paper shows that determining the first-best level of care of ultra-hazardous activities also involves determining the best industrial structure. The analysis assesses the impact of the civil nuclear liability on the organization of...
Persistent link: https://www.econbiz.de/10010860431
This paper examines the contracting relationship between a manufacturer and a retailer when the retailer has ex ante private information, and is subject to limited liability. The contract takes place over two periods. In the first period, the retailer can make a report of private information, or...
Persistent link: https://www.econbiz.de/10010905853
This paper provides a theory of incorporation and taxation that emphasizes the role of the corporate legal form in facilitating access to external capital and the potential advantages of limited liability. Incorporation relaxes financing constraints and makes corporations larger than comparable...
Persistent link: https://www.econbiz.de/10010957266
Corporate law in advanced domestic legal systems on the one hand, and typical treaties for the protection of foreign investment on the other hand, treat claims for damages by company shareholders differently. Advanced domestic systems generally bar shareholders from claiming for reflective loss...
Persistent link: https://www.econbiz.de/10011276700