Narrow search
Showing 832,661 - 832,670 of 834,811
Cover Image
The role of information in different bargaining protocols
Hortala-Vallve, Rafael; Llorente-Saguer, Aniol; Nagel, … - 2012
We analyze a bargaining protocol recently proposed in the literature vis-à-vis unconstrained negotiation. This new mechanism extracts gains from trade inherent in the differing valuation of two parties towards various issues where conflict exists. We assess the role of incomplete vs. complete...
Persistent link: https://www.econbiz.de/10010323864
Cover Image
Serial dictatorship: The unique optimal allocation rule when information is endogenous
Bade, Sophie - 2012
The study of matching problems typically assumes that agents precisely know their preferences over the goods to be assigned. Within applied contexts, this assumption stands out as particularly counterfactual. Parents typically do invest a large amount of time and resources to find out which...
Persistent link: https://www.econbiz.de/10010323865
Cover Image
Communicating Subjective Evaluations
Lang, Matthias - 2013
Should principals explain and justify their evaluations? In this paper the principal's evaluation is private information, but she can provide some justifications by sending a costly message. Indeed, it is optimal for the principal to explain her evaluation to the agent if and only if the...
Persistent link: https://www.econbiz.de/10010323871
Cover Image
Besteuerung des Nichts: Steuerarbitrage und das schwindende Aufkommen bei Kapitaleinkommensteuern
Schindler, Dirk - 2002
In einem Ein-Perioden-Modell werden die Auswirkungen des deutschen Steuerrechts zur Kapitalbesteuerung auf das Kapitalmarktgleichgewicht untersucht. Dabei modellieren wir sowohl einen Unternehmenssektor, der der Körperschaftsteuer unterliegt, als auch Privatinvestoren, die...
Persistent link: https://www.econbiz.de/10010323930
Cover Image
Modelling Different Volatility Components
Feng, Yuanhua - 2002
This paper considers simultaneous modelling of seasonality, slowly changing un- conditional variance and conditional heteroskedasticity in high-frequency fiancial returns. A new approach, called a seasonal SEMIGARCH model, is proposed to perform this by introducing multiplicative seasonal and...
Persistent link: https://www.econbiz.de/10010323932
Cover Image
Incentive Contracts and Hedge Fund Management: A Numerical Evaluation Procedure
Jackwerth, Jens Carsten; Hodder, James E. - 2003
her risk-taking. We propose a numerical method which can be used to analyze the impact of these influences. The model … leads to several interesting and novel results concerning her risk-taking and other managerial decisions. We are able to … the extent of managerial discretion can lead to drastic changes in her risk-taking. …
Persistent link: https://www.econbiz.de/10010323933
Cover Image
Might a Securities Transactions Tax Mitigate Excess Volatility? Some Evidence From the Literature
Haberer, Markus - 2004
International financial markets are said to be excessively volatile due to destabilizing speculation and excessive market volume. Transactions taxes might help. From studying the literature we conclude that there must be an optimal market liquidity, which minimizes excess volatility. There are...
Persistent link: https://www.econbiz.de/10010323935
Cover Image
Delineating the proper scope of government: A proper task for a constitutional court?
Engel, Christoph - 2000
The German Basic Law is open for an interpretation that would allow the Constitutional Court to test the normative adequacy of most statutes. If the court does, it could be modelled as the supervisor of the legislator, i.e., of the agent of the people. The model predicts collusion between the...
Persistent link: https://www.econbiz.de/10010323939
Cover Image
Granting discretion to collusive agencies: The role of the standing doctrine
Lehmann, Markus - 1999
Persistent link: https://www.econbiz.de/10010323944