Showing 1 - 10 of 2,885
Persistent link: https://www.econbiz.de/10011593250
with enforcement rights; second, the rights of the individuals are (partly) restricted. In a simple model of property … rights with appropriation and defense activity, we show that a restriction of private enforcement is beneficial for the … commitment device for a certain level of enforcement. However, commitment will only work if the state can regulate private …
Persistent link: https://www.econbiz.de/10009306818
Persistent link: https://www.econbiz.de/10010516026
are more inclined to conclude that US cartel enforcement has seen an underlying shift away from focusing on smaller … policy priorities and a search for the optimal enforcement design to curtail one of the clearest sources of welfare loss …
Persistent link: https://www.econbiz.de/10011346282
Persistent link: https://www.econbiz.de/10011326651
We develop a sovereign debt model with official and private creditors where default risk depends on both the level and the composition of liabilities. Higher exposure to official lenders improves incentives to repay but carries extra costs, such as reduced ex-post flexibility. The model implies...
Persistent link: https://www.econbiz.de/10009772971
Persistent link: https://www.econbiz.de/10009621202
Persistent link: https://www.econbiz.de/10009621234
Persistent link: https://www.econbiz.de/10009419268
Persistent link: https://www.econbiz.de/10010360954