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bank intervention on exchange rates. Within a heterogeneous expectations exchange rate model intervention operations are … to daily US-dollar/DEM forward rates and intervention data of the Deutsche Bundesbank and the Federal Reserve from 1979 …
Persistent link: https://www.econbiz.de/10011431685
constraints implied by political liberalism. We find that freedom of choice restricts sufficiency to rather wealthy societies and …
Persistent link: https://www.econbiz.de/10011441159
The relationship between the distribution of political rights and that of economic resources has been studied both theoretically and empirically. This paper reviews the existing literature and, in particular, the available empirical evidence.Our reading of the literature suggests that formal...
Persistent link: https://www.econbiz.de/10009781532
more lenient and child labor thus more prevalent than in countries enjoying political freedom. We test this implication and …
Persistent link: https://www.econbiz.de/10011451064
, multinational enterprises rather appear to be attracted by countries in which civil and political freedom is respected. Our finding …
Persistent link: https://www.econbiz.de/10011397998
Persistent link: https://www.econbiz.de/10012519060
Persistent link: https://www.econbiz.de/10012585009
This paper deals with the effects that intermediation has on strategic behaviour in negotiations. To this end, we use the tools of game theory to analyse how different institutional settings can provide specific strategic incentives and thereby condition the outcome of negotiations. We...
Persistent link: https://www.econbiz.de/10011412055
new light on the usefulness of mediation in contracting and on the design of optimal mechanisms. …
Persistent link: https://www.econbiz.de/10011285322
Because verdicts are typically the more costly resolution of legal disputes, most governments are interested in high settlement rates. In this paper, we use a unique dataset of 860 case records from a German trial court to explore which factors have a significant impact on the decision to settle...
Persistent link: https://www.econbiz.de/10011810717