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rates and collateral in credit markets. To test thisprediction we use data from natural credit markets and controlled … experiments. Using asample of credits to small and medium size firms in Valencia, Spain, we relate twodifferent types of contracts …
Persistent link: https://www.econbiz.de/10005731193
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Private participation in the construction and operation of road infrastructure ia a way to deal with tight budget constraints and increasing demand for additional road capacity. Fixed term concessions has been the standard contract between the the public sector and private operators with poor...
Persistent link: https://www.econbiz.de/10015214144
term concession, which is adjusted according to the actual traffic level using the road, and an auction with bids for total …
Persistent link: https://www.econbiz.de/10015215208
test the predictions of our model. We find that when firms expect their units to have negative reconciliations the next day …
Persistent link: https://www.econbiz.de/10014494436
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La subasta es el mecanismo fundamental por medio del cual el Banco Central de Bolivia (BCB) ejecuta sus operaciones de mercado abierto, instrumento principal de su política monetaria. Este mecanismo es utilizado también en la colocación de valores para financiamiento fiscal. Luego de varios...
Persistent link: https://www.econbiz.de/10009369660
This article calculates the Bayes-Nash equilibria of a parametric family of auction models which includes, among others …
Persistent link: https://www.econbiz.de/10008727721
El articulo propone un modelo teórico para entender el funcionamiento del mercado spot de energía en Colombia; en particular se analiza el comportamiento para las subastas multiunidades más conocidas, Vickrey, Discriminatoria y Uniforme. El modelo teórico, siendo un juego de información...
Persistent link: https://www.econbiz.de/10005082449
This paper studies the non-cooperative equilibrium of an electricity auction in which bidding firms are risk averse and … have complete information. It assumes a centralized dispatch and stochastic hydraulic generation. We find that the auction …
Persistent link: https://www.econbiz.de/10005730126