Showing 1 - 10 of 31,791
Persistent link: https://www.econbiz.de/10010500978
The purpose of the paper is to provide a simple model explaining buyer-supplier relationships and show what factors … partners is small. The results may be consistent with the formation of Japanese buyer-supplier relations. -- buyer ; supplier … determine the number of trading partners. We show that when the supplier is able to determine the number of trading partners …
Persistent link: https://www.econbiz.de/10008988875
In this paper, we investigate the damage to real-sector investment spending and corporate financing activities … triggered by the failure of three major investment banks during the 2007-09 financial crisis. We find that firms characterized … by pre-crisis corporate investment banking relationships with troubled investment banks exhibit significantly lower post …
Persistent link: https://www.econbiz.de/10010410832
investment and production. Also, we find that though collaboration in capacity investment is bene cial, collaboration in … intense, demand is more variable and cost of investment is higher …
Persistent link: https://www.econbiz.de/10013098654
theoretical predictions at the aggregate level. A positive correlation is found between the investment stage decisions and …
Persistent link: https://www.econbiz.de/10012915941
The objective of this paper is to identify the role of memory in repeated contracts with moral hazard in financial intermediation. We use the database we have built containing the contracts signed by the European Bank for Reconstruction and Development EBRD between 1991 and 2003. Our framework...
Persistent link: https://www.econbiz.de/10005582702
States often bargain over objects that affect their future bargaining power. A large territory, for example, is not only valuable in itself, but also as a source of raw material, population and defense. As a result, states not only try to maximize their benefits when they negotiate over the...
Persistent link: https://www.econbiz.de/10014162111
award the entire production to a single supplier. We examine the effect of using multiple suppliers on investment incentives …This paper studies procurement contracts where a buyer can either divide full production among multiple suppliers or …. In a framework of generalized second-price auctions with pre-auction investment, we show that the optimality of split …
Persistent link: https://www.econbiz.de/10013129999
We study the incentives that agents have to invest in costly protection against cascading failures in networked systems. Applications include vaccination, computer security and airport security. Agents are connected through a network and can fail either intrinsically or as a result of the...
Persistent link: https://www.econbiz.de/10012972575
Persistent link: https://www.econbiz.de/10014291725