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Optimal effort incentives in dynamic tournaments

Klein, Arnd Heinrich; Schmutzler, Armin - 2014

This paper analyzes two-stage rank-order tournaments. A principal decides (i) how to spread prize money across the two periods, (ii) how to weigh performance in the two periods when awarding the second-period prize, and (iii) whether to reveal performance after the first period. The information...

Persistent link: https://www.econbiz.de/10011282508

Modelos y simulación para aproximar el valor de PI

Addati, Gastón A.; Celano, Fernando; Churruarín, Juan - 2016

Persistent link: https://www.econbiz.de/10011688801

A simultaneous-equation regression model of language complexity trade-offs

Coloma, Germán - 2016

In this paper we develop a statistical model of language complexity trade-offs using four typological measures (related to phonology, morphology, syntax and lexicon). The data come from the 100-language sample that appears in the World Atlas of Language Structures (WALS), and the trade-offs are...

Persistent link: https://www.econbiz.de/10011688807

The New Economics of Banking

Llewellyn, David T. - 1999

All aspects of banking business are being radically transformed and to an extent that is changing the fundamental economics of the banking firm and the banking industry. This is because of three dominant factors: a series of powerful pressures acting simultaneously; technology is changing the...

Persistent link: https://www.econbiz.de/10011689889

Company Financing, Capital Structure, and Ownership: A Survey, and Implications for Developing Economies

Prasad, Sanjiva; Green, Christopher J.; Murinde, Victor - 2001

attempts to reconcile competing theories of capital structure and appraises recent models which use agency theory and …

Persistent link: https://www.econbiz.de/10011689896

Italian Mutual Banks: Performance, Efficiency and Mergers and Acquisitions

Lopez, Juan Sergio; Appennini, Alessandra; Rossi, … - 2002

1) Are Italian mutual banks efficient? Evidence from two different cost frontier techniques, by Juan Sergio Lopez, Alessandra Appenini, and Stefania P.S. Rossi. The aim of the first paper is to analyze the efficiency of co-operative banks in Italy. The increasing competition induced by the...

Persistent link: https://www.econbiz.de/10011689899

The Theory of Financial Intermediation: An Essay On What It Does (Not) Explain

Scholtens, Bert; van Wensveen, Dick - 2003

This essay reflects upon the relationship between the current theory of financial intermediation and real …-world practice. Our critical analysis of this theory leads to several building blocks of a new theory of financial intermediation …. Current financial intermediation theory builds on the notion that intermediaries serve to reduce transaction costs and …

Persistent link: https://www.econbiz.de/10011689907

Information and Uncertainty in the Theory of Monetary Policy

Wagner, Helmut - 2007

Theory and practice of monetary policy have changed significantly over the past three decades. A very important part of …

Persistent link: https://www.econbiz.de/10011689928

Innovative, evolutorische Wirtschaftspolitik in den Regionen

Jens, Uwe - In: ifo Schnelldienst 54 (2001) 02, pp. 28-33

Die neoklassische Wirtschaftstheorie hat sich nach Meinung von Dr. Uwe Jens, Mitglied des Deutschen Bundestages, nur unzureichend mit der Entwicklung von Räumen und Regionen auseinandergesetzt: Entscheidend für die Lieferung von Gütern über den engeren Bereich eines Raumes hinaus ist die...

Persistent link: https://www.econbiz.de/10011691687

Was ist eine Rezession?

Abberger, Klaus; Nierhaus, Wolfgang - In: ifo Schnelldienst 61 (2008) 14, pp. 44-45

Steht der deutschen Wirtschaft eine Rezession bevor? Das ist eine Frage, die momentan häufig in den Medien diskutiert wird. Doch was ist überhaupt eine Rezession? Dies ist nicht zuletzt eine Frage der Definition, die in der wissenschaftlichen Literatur und auch in der Praxis leider nicht...

Persistent link: https://www.econbiz.de/10011692806