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The objective of this paper is to test the hypothesis that in particular financially constrainedfirms lease a higher share of their assets to mitigate problems of asymmetric information. Theassumptions are tested under a GMM framework which simultaneously controls forendogeneity problems and...
Persistent link: https://www.econbiz.de/10005866789
intoaccount not only the test performances but also signaling element of the test. Weanalyze the selection procedure as a … signaling game and derive the optimal selectionrule. Moreover, the optimal size of candidate pool and the selection e¢ ciency …
Persistent link: https://www.econbiz.de/10009248892
ability. Then, as a signaling, each candidatedecides whether to perform a task whose performance statistically re‡ects the … ability.However, since the cost of the performance is the same across all candidates, theperformance is a poor signaling … device. This paper analyzes a "signaling game withperformance" in which the standard single crossing condition is violated …
Persistent link: https://www.econbiz.de/10009248917
This paper develops a signalling game in which the decision to raise public equityis a real option of the …rm. Firms may use multiple signals to reveal their type:the timing of the IPO, the fraction of shares issued and the underpricing of shares.The model provides a tractable approach for...
Persistent link: https://www.econbiz.de/10005868838
We investigate the impact of search costs of farmers and traders on prices, by measuring to what extent the introduction of mobile phones in Mozambique has affected maize producer prices, retail market prices and margins. Estimations are based on weekly recorded producer and retail market prices...
Persistent link: https://www.econbiz.de/10012899021
We investigate search costs for farmers and traders, by measuring how the introduction of mobile phones in Mozambique affected maize producer prices and traders’ margins. Our estimations are based on weekly producer and retail prices of white maize grain, from July 1997 to December 2009, for...
Persistent link: https://www.econbiz.de/10013214788
We measure the impact of search costs on farmers' and traders' transaction prices in Mozambique by investigating to what extent the introduction of mobile phones has affected the margin between recorded maize producer and retail market prices, and by exploring if producers or traders benefit...
Persistent link: https://www.econbiz.de/10011869976
We study the effect of alleviating information asymmetry regarding product quality that is widespread in developing-country agricultural markets. Opportunistic buyers may underreport quality levels back to farmers to reduce the price they have to pay. In response, farmers may curb investment,...
Persistent link: https://www.econbiz.de/10010235118
Previous studies indicate that Colombian farmers make production decisions based on informal sources of information, such as family and neighbors or tradition. In this paper we randomize recipients of price and weather information using text messages (SMS technology). We find that relative to...
Persistent link: https://www.econbiz.de/10010328191
[Vorwort] Am 1. März 2016 fand im Forum des Thünen-Instituts in Braunschweig das 2. Symposium für Ökonomie im Gartenbau statt. Ausrichter waren das Thünen-Institut für Betriebswirtschaft, der Lehrstuhl für Betriebswirtschaftslehre des Agribusiness der Georg-August-Universität Göttingen...
Persistent link: https://www.econbiz.de/10011572626