Optimal Regulation of a Fully Insured Deposit Banking System
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Xavier Freixas; Emmanuelle Gabillon; Resumen : We analyze risk sensitive incentive compatible deposit insurance in the presence of private information when the market...
International Business Cycles, Financial Markets and Household Production
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Fabio Canova; Ángel J. Ubide; Resumen : This paper investigates the properties of an international real business cycle model with household production. We show that...
Toward a Theory of Labor Market Institutions
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Gilles Saint Paul; Resumen : Standard economic analysis holds that labor market rigidities are harmful for job creation and typically increase unemployment. But many...
Does Reasoning Enhance Learning?
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Nicolaas J. Vriend; Resumen : Utilizing the well-known Ultimatum Game, this note presents the following phenomenon. If we start with simple stimulus-response agents...
Bank versus Venture Capital
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Masako Ueda; Resumen : Why do some start-up firms raise funds from banks and others from venture capitalists? To answer this question, I develop a model of start-up...
Logistics-production, Logistics-marketing and External Integration: Their Impact on Performance
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Cristina Giménez; Eva Ventura; Resumen : Highly competitive environments are leading companies to implement Supply Chain Management (SCM) to improve performance and gain...
Endogenous Policy Leads to Inefficient Risk Sharing
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Marco Celentani; J. Ignacio Conde; Klaus Desmet; Resumen : We analyze risk sharing and fiscal spending in a two-region model with complete markets. Fiscal policy...
On the Cultural Transmission of Corruption
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Esther Hauk; Maria Sáez; Resumen : We provide a cultural explanation to the phenomenon of corruption in the framework of an overlapping generations model with...
Adaptive Dynamics and the Implementation Problem with Complete Information
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Antonio Cabrales; Resumen : This paper studies the equilibrating process of several implementation mechanisms using naive adaptive dynamics. We show that the dynamics...
Credit Derivatives in Emerging Markets
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Romain Rancière; Resumen : Credit Derivatives are securities that offer protection against credit or default risk of bonds or loans. The credit derivatives emerging...
Location models for Ceding Market Share and Shribking Services
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Charles ReVelle; Alan T. Murray; Daniel Serra; Resumen : New location models are presented here for exploring the reduction of facilities in a region. The first of these...
Insurance with Frequent Trading: A Dynamic Analysis of Efficient Insurance Markets
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: José Penalva; Resumen : This paper extends existing insurance results on the type of insurance contracts needed for insurance market efficiency to a dynamic setting. It...
Trade, Extent of the Market, and Economic Growth 1960-1996
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Francisco Alcalá; Antonio Ciccone; Resumen : We find that trade and domestic market size are robust determinants of economic growth over the 1960-1996 period when trade...
Pension Plan Funding and Stock Market Efficiency
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Francesco Franzoni; José M. Marín; Resumen : The paper argues that the market signifficantly overvalues firms with severely underfunded pension plans. These companies...
Communication, Coordination, and Efficiency in Evolutionary One-population Models
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Sjaak Hurkens; Karl H. Schlag; Resumen : We analyze the role of commitment in pre-play communication for ensuring efficient evolutionarily stable outcomes in coordination...
The Speed of the Financial Revolution: Evidence from Hoare's Bank
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Peter Tenim; Joachim Voth; Resumen : Finance is important for development, yet the onset of modern economic growth in Britain lagged the British financial revolution by...
Ethical Differentiation and Market Behavior: An Experimental Approach
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Julian Rode; Robin Hogarth; Marc Le Menestrel; Resumen : We constructed triopolistic experimental markets where producers set prices. One producers costs were higher...
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Monografias.Com
, convalidado en 1938, depende del Ministerio de Economía. En el considerando de ese decreto figuran las razones... de las pólizas 13. Reaseguros activos y pasivos 14. Anulaciones 15. Liquidación de siniestros 16. Reservas 1. Introducción El seguro...
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