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This article replicates and extends the Hille and Knill (2006) study on the implementation of the acquis communautaire … ; implementation ; policy change …
Persistent link: https://www.econbiz.de/10009560787
contribution to improvements in implementation issues and a stronger focus on public goods like protection of natural resources and …
Persistent link: https://www.econbiz.de/10011921232
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In this paper we present a tree model for defaultable bond prices which can be used for the pricing of credit derivatives. The model is based upon the two-factor Hull-White (1994) model for default-free interest rates, where one of the factors is taken to be the credit spread of the defaultable...
Persistent link: https://www.econbiz.de/10011538904
rationalizable implementation. Set-monotonicity is much weaker than Maskin monotonicity, which is the key condition for Nash … implementation and which also had been shown to be necessary for rationalizable implementation of social choice functions. Set …-monotonicity reduces to Maskin monotonicity in the case of functions. We conclude that the conditions for rationalizable implementation are …
Persistent link: https://www.econbiz.de/10011483605
We propose a model based on competitive markets in order to analyse an economy with several principals and agents. We model the principal-agent economy as a two-sided matching game and characterise the set of stable outcomes of this principal-agent matching market. A simple mechanism to...
Persistent link: https://www.econbiz.de/10011507906
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performance. It is proposed that the local implementation of these general standards from outside the organization will likely … lead to a variety of firm-specific implementation trajectories, ultimately leading to different levels of VSS … implementation extensiveness across firms. This variety that is not sufficiently addressed in extant research, is researched in the …
Persistent link: https://www.econbiz.de/10011577212