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There are many apparent similarities between the current political and economic situations of France and Italy. The mainstream view is that at least part of the neo-liberal strategy could be a solution to the economic problems of both variants of the European model of capitalism. However, the...
Persistent link: https://www.econbiz.de/10009359822
Random taxation may be optimal when the taxpayers differ in their attitudes towards risk, so that tax randomization enables the government to relax the incentive constraints. The paper provides a necessary and sufficient condition for local random deviations to be welfare improving in a...
Persistent link: https://www.econbiz.de/10009359823
The Operational Risk Advanced Measurement Approach requires financial institutions to use scenarios to model these risks and to evaluate the pertaining capital charges. Considering that a banking group is composed of numerous entities (branches and subsidiaries), and that each one of them is...
Persistent link: https://www.econbiz.de/10009359824
In France, football has become a political issue. Concerned by the decline of French clubs in European competitions, the Government is considering several reforms to give clubs more financial resources to compete with the best European clubs. This paper, empirically based on a panel database,...
Persistent link: https://www.econbiz.de/10009359825
The aim of this paper is to identify which factors explain why some countries are more prone to enjoy long durations of stability, while others experience crises in shorter intervals. To this end, we analyze the duration of stability periods between currency, debt, and banking crises from 1980...
Persistent link: https://www.econbiz.de/10009359826
The paper concerns a dynamic model of influence in which agents have to make a yes-no decision. Each agent has an initial opinion, which he may change during different phases of interaction, due to mutual influence among agents. The influence mechanism is assumed to be stochastic and to follow a...
Persistent link: https://www.econbiz.de/10009359827
In this study I use the German Socio-Economic Panel to evaluate the impact of leisure sport participation on the unemployment duration. The empirical literature on sport participation has focused on labour market outcomes and job quality while the impact of this activity on job search has not...
Persistent link: https://www.econbiz.de/10009359828
Applying regressions on a sample of 18 OECD countries from 1970 to 2009 using new indicators, we find that right-wing governments liberalize more the financial sector that left-wing governments. We show that if a left-wing government accepts to liberalize the financial sector, an increase of...
Persistent link: https://www.econbiz.de/10009359829
We study cooperative games associated with a communication structure which takes into account a level of communication between players. Let us consider an undirected communication graph: each node represents a player and there is an edge between two nodes if the corresponding players can...
Persistent link: https://www.econbiz.de/10009359830
It is well known that non-cognitive skills are an important determinant of success in life. However, their returns are not simple to measure and, as a result, relatively few studies have dealt with this empirical question. We consider sports participation while at school as one way of improving...
Persistent link: https://www.econbiz.de/10009359831