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The literature on public goods has shown that efficient outcomes are impossible if participation constraints have to be respected. This paper addresses the question whether they should be imposed. It asks under what conditions efficiency considerations justify that individuals are forced to pay...
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This article studies the design of optimal mechanisms to regulate entry in natural oligopoly markets, assuming the regulator is unable to control the behavior of firms once they are in the market. We adapt the Clark-Groves mechanism, characterize the optimal mechanism that maximizes the weighted...
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The purpose of this paper is to explore determinants of the debt financing of FinTech start-ups. Using a new hand …-collected multisource database that maps FinTech start-ups incorporated in the UK from 2010 to 2015, this study examines how the … characteristics of FinTech start-ups affect the types of financing used in the first three years after incorporation. The novelty of …
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and mortar sectors. Similarly, blockchain and fintech have impacted the finance and banking industries and are expected to … from sharing economy models to conclude that while blockchain and fintech are poised to advance finance and banking, there …
Persistent link: https://www.econbiz.de/10012887937