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Bad mergers revisited : an incentive perspective ; conference paper

Kräkel, Matthias; Müller, Daniel - 2013

We consider a two-stage principal-agent model with limited liability in which a CEO is employed as agent to gather information about suitable merger targets and to manage the merged corporation in case of an acquisition. Our results show that the CEO systematically recommends targets with low...

Persistent link: https://www.econbiz.de/10010340013

Rural credit and interlinkage : implications for rural poverty, agrarian efficiency and public policy

Basu, Kaushik - 1994

Persistent link: https://www.econbiz.de/10013440813

Prehistory and history : ethnicity, class and political economy

Tandy, David W. (ed.) - 2001

Persistent link: https://www.econbiz.de/10001538379

Ancient civilization and trade

Sabloff, Jeremy A. (ed.); … - 1975

Persistent link: https://www.econbiz.de/10013537953

Main issues around colonialism and globalisation

Fernandes, Walter; Dutta, Anupam - 1999

Persistent link: https://www.econbiz.de/10001537241

Health - insurance - equity : the special issue of the Annales d'économie et statistique

2006

Persistent link: https://www.econbiz.de/10003511134

Wage floors, imperfect performance measures, and optimal job design : conference paper

Kragl, Jenny; Schöttner, Anja - 2013

We analyze the effects of wage floors on optimal job design in a moral-hazard model with asymmetric tasks and imperfect aggregate performance measurement. Due to cost advantages of specialization, assigning the tasks to different agents is efficient. A sufficiently high wage floor, however,...

Persistent link: https://www.econbiz.de/10010339385

The first great recession of the 21st century : competing explanations

Dejuán, Óscar (ed.) - 2011

42 Ekaterina Svetlova and Matthias Fiedler 4 Financial crisis and risk measurement: the historical perspective and … Catherine P. Winnett and Adrian B. Winnett 8 Epic Recession and economic theory 128 Jack Rasmus … recession of the 21st century 10 The role of the history of economic thought in the development of economic theory and …

Persistent link: https://www.econbiz.de/10008938781

Dimensions of regional processes in the Asia-Pacific region

Drelich-Skulska, Bogusława (ed.); Jankowiak, Anna H. (ed.); … - International Scientific Conference "Dimensions of …; … - 2015

Persistent link: https://www.econbiz.de/10011654850

Regional implications of financial market development : credit rationing, trade, and location ; conference paper

Ehrlich, Maximilian von; Seidel, Tobias - 2013

We develop a heterogeneous-firms model with trade in goods, labor mobility and credit constraints due to moral hazard. Mitigating financial frictions reduces the incentive of high-skilled workers to migrate to one region such that an unequal distribution of industrial activity becomes less...

Persistent link: https://www.econbiz.de/10010344666