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Persistent link: https://www.econbiz.de/10011279545
production costs while competing on the product market. We derive the Nash equilibrium of this game, provide a welfare analysis …
Persistent link: https://www.econbiz.de/10011282476
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
Persistent link: https://www.econbiz.de/10011688801
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
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
attempts to reconcile competing theories of capital structure and appraises recent models which use agency theory and …
Persistent link: https://www.econbiz.de/10011689896
covering the period 1995-99, two different techniques were employed: non-parametric frontier analysis, and parametric frontier … analysis. By means of this analysis it is possible to compare the results obtained using these two methodologies and analyze … the determinants of bank inefficiency 2) Mergers and acquisitions between mutual banks in Italy: an analysis of the …
Persistent link: https://www.econbiz.de/10011689899
-world practice. Our critical analysis of this theory leads to several building blocks of a new theory of financial intermediation …This essay reflects upon the relationship between the current theory of financial intermediation and real …. Current financial intermediation theory builds on the notion that intermediaries serve to reduce transaction costs and …
Persistent link: https://www.econbiz.de/10011689907
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