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The growth and diffusion of knowlegde and the theory of the firm

Rodríguez, Diego - Department of Economics and Business, Universitat … - 1997

she introduces endogenous transaction costs in the market for information between those agents. Incentive schemes and … communication introduces severe allocative distortions, both at internal product development and at intended sale of information …

Persistent link: https://www.econbiz.de/10005827528

Endogenous spillovers, increased competition and re-organization waves

Rodríguez, Diego - Department of Economics and Business, Universitat … - 1999

informed about the innovation. The lean firm is small in number of employees, engages in complete information sharing among …

Persistent link: https://www.econbiz.de/10005771978

The credit ratings game

Bolton, Patrick; Freixas, Xavier; Shapiro, Joel - Department of Economics and Business, Universitat … - 2009

The spectacular failure of top-rated structured finance products has brought renewed attention to the conflicts of interest of Credit Rating Agencies (CRAs). We model both the CRA conflict of understating credit risk to attract more business, and the issuer conflict of purchasing only the most...

Persistent link: https://www.econbiz.de/10005012008

Conflicts of interest, information provision and competition in banking

Bolton, Patrick; Freixas, Xavier; Shapiro, Joel - Department of Economics and Business, Universitat … - 2004

In some markets, such as the market for drugs or for financial services, sellers have better information than buyers … may lead to conflicts of interest and/or the underprovision of information by the seller. This paper studies this issue in … competition influences the ensuing incentives for truthful information revelation. We compare two different firm structures …

Persistent link: https://www.econbiz.de/10005772434

The credit ratings game

Bolton, Patrick; Freixas, Xavier; Shapiro, Joel - Department of Economics and Business, Universitat … - 2010

The collapse of so many AAA-rated structured finance products in 2007-2008 has brought renewed attention to the causes of ratings failures and the conflicts of interest in the Credit Ratings Industry. We provide a model of competition among Credit Ratings Agencies (CRAs) in which there are three...

Persistent link: https://www.econbiz.de/10008455571

The impact of the reference price system on the pharmaceutical market: A theoretical approach

Merino, Anna - Department of Economics and Business, Universitat … - 2000

This article analyses the impact of the reference price system on the price-setting strategies of the pharmaceutical firms and on the level of generic usage. This model is the first to take explicitly into account the impact of the reference price mechanism on the level of competition between...

Persistent link: https://www.econbiz.de/10005827432

The impact of the reference price system on the pharmaceutical market: A theoretical approach

Merino, Anna - Department of Economics and Business, Universitat … - 2000

Persistent link: https://www.econbiz.de/10005707987

Seeking theta's desperately: Estimating the distribution of consumers under increasing block rates

Delicado, Pedro; Castro, Fidel; Rocha, Jose M. Da - Department of Economics and Business, Universitat … - 1997

This paper shows that the distribution of observed consumption is not a good proxy for the distribution of heterogeneous consumers when the current tariff is an increasing block tariff. We use a two step method to recover the "true" distribution of consumers. First, we estimate the demand...

Persistent link: https://www.econbiz.de/10005772081

Quality safeguards and regulation of online pharmacies

Arruñada, Benito - Department of Economics and Business, Universitat … - 2001

-party medical prescriptions and provide abundant information to patients. It is shown that, where online pharmacies are allowed to …

Persistent link: https://www.econbiz.de/10005772554

Doctors without borders: The returns to an occupational license for Soviet immigrant physicians in Israel

Kugler, Adriana; Sauer, Robert - Department of Economics and Business, Universitat … - 2002

Re-licensing requirements for professionals that move across borders are widespread. In this paper, we measure the returns to an occupational license using novel data on Soviet trained physicians that immigrated to Israel. An immigrant re-training assignment rule used by the Israel Ministry of...

Persistent link: https://www.econbiz.de/10005572577