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Loshak, Boris Markovich - 1996

In Part I we develop a model of entry in which an entrant with private information about its production cost and cost of entry has an opportunity to trade in the stock of a single incumbent before entry. We assume an efficient stock market populated by risk-neutral liquidity sellers who randomly...

Persistent link: https://www.econbiz.de/10009430335

Parallel market exchange rates in developing and reforming economies

Arora, Sudeep - 1996

This thesis develops a model of black market for foreign currency that focuses on the interaction of portfolio decisions and the determinants of the net flows of black foreign currency. The model explicitly incorporates foreign exchange restrictions as well as the demands arising from smuggling....

Persistent link: https://www.econbiz.de/10009430375

Essays on the emergence of captive finance companies and risk segmentation of the consumer loan market: Theory and evidence

Chong, Byung-Uk - 2004

finance company for expanding the sales by offering loans to consumers who need financing for purchase of durable good. The … model presents that each captive finance company will set a more lenient credit standard than that of a bank, leading to the … captive finance company examined in Essay 1, Essay 2 examines risk segmentation of consumer loan market by banks and captive …

Persistent link: https://www.econbiz.de/10009430522

Essays in economics of taxation

Wang, Xuejun - 1997

In essay one, we examine nonlocalized competition in interest taxation between an arbitrary number of countries. Our focus is on the role of relative number of locked-in investors in asymmetric tax competition. We find that in equilibrium, small countries have advantages in tax competition. In...

Persistent link: https://www.econbiz.de/10009430661

Essays on information and institutional investors

Ni, Jinlan - 2004

information in explaining one of the major puzzles in International Finance. The second essay investigates what kind of …

Persistent link: https://www.econbiz.de/10009430714

A test of the life-cycle-permanent-income hypothesis: Cohort analysis of household wealth and portfolio holdings from 1977 to 1989

Kao, Yu-yin Emily - 1996

The major objective of this study is to reassess the life-cycle-permanent-income hypothesis as an explanation of wealth accumulation using microeconomic empirical evidence. The technique of cohort data and cohort analysis is suggested by Deaton (1992) who referred it as a promising tool for...

Persistent link: https://www.econbiz.de/10009430812

Aggregate spillovers and imperfect competition: The implications for business cycles and the welfare effects of tax reform

Knoop, Todd Alan - 1996

The neoclassical assumptions of perfect competition and constant returns to scale are commonly used within most areas of macroeconomic research. This is generally true of existing research on business cycles and universally true of previous studies investigating the welfare benefits of taxation...

Persistent link: https://www.econbiz.de/10009430822

Scritti in onore di Alberto Mortara

Mortara, Alberto - 1990

Persistent link: https://www.econbiz.de/10000955435

Charles Francis Bastable on trade and public finance

Boylan, Thomas A.; Maloney, John - In: A history of Irish economic thought, (pp. 179-199). 2011

Persistent link: https://www.econbiz.de/10008665994

21st century economics : a reference handbook

Free, Rhona C. (contributor) - 2010

Persistent link: https://www.econbiz.de/10008700048