Search Results - subject:"Resource allocation."

Organised Crime, Captured Politicians and the Allocation of Public Resources

Di Cataldo, Marco - 2020

What is the impact of organised crime on the allocation of public resources and on tax collection? This paper studies the consequences of collusion between members of criminal organisations and politicians in Italian local governments. In order to capture the presence of organised crime, we...

Persistent link: https://www.econbiz.de/10012852855

Capital Controls and Risk Misallocation : Evidence From a Natural Experiment

Keller, Lorena - 2020

Foreign currency debt has led to many crises in emerging markets. However, in the past decade, firms in emerging economies have drastically increased their foreign currency borrowing, making them significantly exposed to depreciation shocks. To reduce their exposure to external shocks, central...

Persistent link: https://www.econbiz.de/10012853140

Best of Both Worlds Ad Contracts : Guaranteed Allocation and Price with Programmatic Efficiency

Cohen, Maxime C. - 2020

Buying display ad impressions via real-time auctions comes with significant allocation and price uncertainties. We design and analyze a contract that mitigates this uncertainty risk by providing guaranteed allocation and prices, while maintaining the efficiency of buying in an auction. We study...

Persistent link: https://www.econbiz.de/10012853248

How Does Financial-Reporting Regulation Affect Industry-wide Resource Allocation?

Breuer, Matthias - 2020

-wide resource allocation. Using threshold-induced variation in the share of mandated firms in a given industry, I document that … not find that reporting mandates unambiguously improve the efficiency of industry-wide resource allocation. With respect …

Persistent link: https://www.econbiz.de/10012853534

Uniform Mortgage Regulation and Distortion in Capital Allocation

Zhang, Tim - 2020

The federal mortgage policy, the conforming loan limit (CLL), was spatially uniform before the recent financial crisis, despite heterogeneity across geography. An increased CLL leads to remarkable regional variation in declines in jumbo loan applications, exogenously increasing jumbo-lending...

Persistent link: https://www.econbiz.de/10012853536

The Context Specific Factors Affecting Women Empowerment and Empowerment's Implications for Resource Allocation, Awareness and Fertility : An Econometric Analysis

Toufique, MMK - 2020

Using data from a survey of Bangladeshi households, this paper constructs an index of women empowerment and explores both the determinants of empowerment of married women and the impacts that empowerment has on various aspects of a woman's life. The findings reveal that female education, her...

Persistent link: https://www.econbiz.de/10012853923

Dynamic Auction for Network Resource Allocation

Yu, Yimin - 2020

We study network resource allocation under information asymmetry, i.e., users have private information regarding their … welfare. It is well known that there is a market mechanism for the network resource allocation achieving the first best under … complete information.Under the market mechanism, the service provider only needs to decide on the resource allocation to …

Persistent link: https://www.econbiz.de/10012826217

Domestic Violence Against Women : Its Determinants and Implications for Gender Resource Allocation

Toufique, MMK - 2020

Using data from a survey of Bangladeshi households, this paper explores the determinants of domestic violence against women as well as its implications for the resources allocated to women. The findings reveal that higher education of women and that of their husbands, and better socioeconomic...

Persistent link: https://www.econbiz.de/10012826533

Do Stop-loss Rules Add Value in International Equity Market Allocation?

Dai, Bochuan - 2020

We consider the performance of stop-loss rules in international equity market allocation. Our results indicate that stop-loss rules, which involve closing positions that decline by a pre-specified percentage, are important determinants in the parametric portfolio policy. They generate portfolios...

Persistent link: https://www.econbiz.de/10012827742

Bond Misallocation and Liquidity Risk

Liu, Shuo - 2020

Which corporate bond's yield is more exposed to search frictions? Is the exposure correlated with dealers' inter-mediation? We propose a measure of bond's mis-allocation among dealers and show its correlation with bond's liquidity risk which is attributed to search frictions. This measure is...

Persistent link: https://www.econbiz.de/10012828016