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An Economic Analysis of Australian Damage Remedies for Misleading Prospectuses: Trade Practices Act vs. Corporations Law
Pitchford, R. - Research School of Economics, College of Business and … - 1997
liability regime under s52 of the Trade Practices Act, to a due diligence regime under the Corporations Law. I argue that due …
Persistent link: https://www.econbiz.de/10004971400
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Short- and Long-term Hedging for the Corporation
Dumas, Bernard J - C.E.P.R. Discussion Papers - 1994
Exchange risk hedging in a static (i.e. one-period) setting is extremely straightforward. The variance-minimizing hedge of a particular future cash flow involves a forward contract equal but opposite in sign to the exposure of the cash flow. The exposure is the regression coefficient of the cash...
Persistent link: https://www.econbiz.de/10005136503
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Welfare Effects of Employment Protection
Belot, Michèle; Boone, Jan; Ours, Jan C van - C.E.P.R. Discussion Papers - 2002
employment protection focusing on this trade-off between adjustment costs and productivity. We show that from a welfare point of …
Persistent link: https://www.econbiz.de/10005504274
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To Merge or Not To Merge: That is the Question
Corchon, Luis; Faulí-Oller, Ramon - C.E.P.R. Discussion Papers - 1999
In this paper we analyze the implementation of socially optimal mergers when the regulator is not informed about the parameters that determine social and private gains from potential mergers. We find that most of the standard tools in dominant strategy implementation, like the revelation...
Persistent link: https://www.econbiz.de/10005504319
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Back to Keynes?
van der Ploeg, Frederick - C.E.P.R. Discussion Papers - 2005
After a brief review of classical, Keynesian, New Classical and New Keynesian theories of macroeconomic policy, we assess whether New Keynesian Economics captures the quintessential features stressed by JM Keynes. Particular attention is paid to Keynesian features omitted in New Keynesian...
Persistent link: https://www.econbiz.de/10005504355
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`1992': Trade and Welfare; A General Equilibrium Model
Gasiorek, Michael; Smith, Alasdair; Venables, Anthony J - C.E.P.R. Discussion Papers - 1992
equilibrium model of trade under imperfect competition. The focus of the paper is the welfare consequences of reducing trade … barriers and the changes in production and trade flows with the rest of the world. Welfare changes by country are reported and … welfare effects arising from imperfect competition. Intra-EC trade liberalization has pro-competitive effects which make a …
Persistent link: https://www.econbiz.de/10005504484
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Taxation Versus Spending as the Fiscal Instrument for Demand Management: A Disequilibrium Welfare Approach
Rankin, Neil - C.E.P.R. Discussion Papers - 1985
a welfare optimum. Spending is successively treated as 'waste', 'consumption' and 'investment'. In all cases, when bond …
Persistent link: https://www.econbiz.de/10005504596
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Hobbies, Skills and Incentives to Work: The Happy Gardener and the Wealthy Golfer
Sällström, Susanna - C.E.P.R. Discussion Papers - 2007
Two of the earliest inventions of a human capital-intensive technology were for the production of personal internal goods that enabled humans to derive more pleasure out of leisure, namely dance and music. I model the incentives to invent hobbies and to acquire hobby skills, and its implications...
Persistent link: https://www.econbiz.de/10005504741
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Immigrant Participation in Social Assistance Programs: Evidence from German Guestworkers
Riphahn, Regina - C.E.P.R. Discussion Papers - 1999
dependence. In addition, the labour force status of the household head has different effects for native and immigrant welfare …
Persistent link: https://www.econbiz.de/10005497774
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Agglomeration and Welfare: The Core-Periphery Model in the Light of Bentham, Kaldor and Rawls
Charlot, Sylvie; Gaigné, Carl; Robert-Nicoud, Frédéric; … - C.E.P.R. Discussion Papers - 2004
The objective of this Paper is to apply different welfare approaches to the canonical model developed by Krugman, with … potential Pareto improvement criteria, as well as the utilitarian and Rawlsian welfare functions. No clear answer emerges for …
Persistent link: https://www.econbiz.de/10005497807