Narrow search
Showing 1 - 10 of 1,187
Cover Image
A Theory of Fiscal Imbalance
Boadway, Robin; Tremblay, Jean-François - In: FinanzArchiv: Public Finance Analysis 62 (2006) 1, pp. 1-27
absence of commitment, the equilibrium transfer is unambiguously larger than the optimal fiscal gap, resulting in a positive …
Persistent link: https://www.econbiz.de/10005823469
Cover Image
Maintaining a Reputation Against A Long-Lived Opponent
Celentani, Marco - Center for Mathematical Studies in Economics and … - 1993
We analyze in a game between a patient player 1 and a non-myopic but less patient opponent, player 2. We assume that Player 1's type is private information and that players do not directly observe each other's action but rather see an imperfect signal of it. We show that in any Nash equilibrium...
Persistent link: https://www.econbiz.de/10005824443
Cover Image
Testing Out Contractual Incompleteness: Evidence from Soccer
Carbonell-Nicolau, Oriol; Comin, Diego - Department of Economics, Rutgers University-New Brunswick - 2005
optimal contracts with and without commitment and derive an exclusion restriction that is useful to identify the relevant … commitment scenario. The empirical analysis takes advantage of a data set from Spanish soccer player contracts. Our test rejects … the commitment hypothesis, which entails the acceptance of the existence of contractual incompleteness in the data. We …
Persistent link: https://www.econbiz.de/10005839090
Cover Image
Fiscal Discipline and Stability under Currency Board Systems
Grimm, Oliver - CER-ETH Center of Economic Research, Department of … - 2007
In economic discussions, currency board systems are frequently described as arrangements with self-binding character to the monetary authorities by their strict rules and establishments by law. Hard pegs and especially currency boards are often seen as remedies to overcome economic and financial...
Persistent link: https://www.econbiz.de/10005839145
Cover Image
Optimal Monetary Policy When Lump-Sum Taxes Are Unavailable: A Reconsideration of the Outcomes under Commitment and Discretion
Ellison, Martin; Rankin, Neil - Centre for Dynamic Macroeconomic Analysis, University … - 2005
We re-examine optimal monetary policy when lump-sum taxes are unavailable. Under commitment, we show that, with …. Instead it may tend to the critical debt level at which there is no cheating incentive under commitment, and inflation and …
Persistent link: https://www.econbiz.de/10005807996
Cover Image
Opportunity cost of capital for entrepreneurs: An empirical analysis for Italy
Pierpaolo, Pattitoni; Barbara, Petracci; Massimo, Spisni - In: Banca Impresa Società (2009) 3, pp. 443-472
degree of total risk of a project, the greater the cost of capital; b) the less the entrepreneur's commitment on the project … the benefits of commitment reduction. …
Persistent link: https://www.econbiz.de/10011157695
Cover Image
Competitive Pressure and Job Interview Lying: A Game Theoretical Analysis
Midjord, Rune - Departamento de Fundamentos del Análisis Económico … - 2012
We consider a job contest in which candidates go through interviews (cheap talk) and are subject to reference checks. We show how competitive pressure - increasing the ratio of "good" to "bad" type candi- dates - can lead to a vast increase in lying and in some cases make bad hires more likely....
Persistent link: https://www.econbiz.de/10011158381
Cover Image
Risk-avoidance or utmost commitment
Hiekel, Nicole; Keizer, Renske - In: Demographic Research 32 (2015) 10, pp. 311-340
Persistent link: https://www.econbiz.de/10011158454
Cover Image
The economics of marriage
Cigno, Alessandro - Centre for Household, Income, Labour and Demographic … - 2011
In a separate-property jurisdiction, marriage may induce domestic cooperation, and enhance efficiency in the production of children, because it may lend credibility to the prospective main earner's promise to compensate the main childcarer when the children will no longer be economically...
Persistent link: https://www.econbiz.de/10011220520
Cover Image
Relationship learning as a dimension of relationship quality: tentative evidence from transnational buyer-supplier relationships
Rašković, Matevž; Brenčić, Maja Makovec; Ferligoj, … - In: Tržište/Market 25 (2013) 1, pp. 37-50
consist of trust and commitment, sometimes also satisfaction; however, some see the latter more as a consequence of the former … and commitment. In our study of relationship learning, we follow Jean, Sinkovics and Kim (2010) and Jean and Sinkovics … employ an indirect testing approach by testing RQ as a second-order reflective construct comprised of trust, commitment and …
Persistent link: https://www.econbiz.de/10011007094