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The aim of this book is to document, on a solid and convincing foundation, two public policy mistakes of the United States Government that have been extremely costly. First, the failure to combine stocks with long-term government bonds in the Social Security Trust Fund, the way other nations do,...
Persistent link: https://www.econbiz.de/10011156393
burden and the form of public spending much more than to the level of overall spending. Student fees should be increased in …
Persistent link: https://www.econbiz.de/10008615071
In this article we focus on the private practitioner's voluntary choices of the pricing practices (free care and high fee care) to understand the practitioners' economic behavior. We use an unbalanced panel data comprising 7896 self-employed physicians who were observed over the 1980-2000...
Persistent link: https://www.econbiz.de/10009131554
of decrease Management Company opportunistic behaviors. Distinguishing between performance fees paid on the fund market … value and management fees paid either on the Net Asset Value (NAV) or on the Gross Asset Value (GAV), we show that only the … former aligns the Management Company and shareholder interests. In particular, we demonstrate that management fees lead …
Persistent link: https://www.econbiz.de/10009142659
for patents are: i) policies aiming at attracting FDI; ii) low relative costs (or fees); and iii) a relatively low quality …
Persistent link: https://www.econbiz.de/10009225241
post-grant fees and illustrates the differences between Euro-direct applications and PCT applications. The break … absolute fees and allowing for a fee reduction for small innovative firms and public research organizations. …
Persistent link: https://www.econbiz.de/10009353568
We examine fees on bonds issued by Japanese corporations during the 1994-2002 period. We relate fees to firms …’ membership of bank-led (financial) keiretsu. For the full sample of firms, we establish a positive relation between fees and risk … factors. Over time, we find that fees have increased for those firms that are related to financial keiretsu, even after …
Persistent link: https://www.econbiz.de/10010837514
insufficient incentives to the high productivity firms. Such a differentiated scheme is implementable through renewal fees, which …
Persistent link: https://www.econbiz.de/10010746713
Based on the frictional matching framework, the paper provides a theoretical model for a specic type of two-sided platform: The buyer- seller transaction platform. In the model, the number of participants and the source of network externalities are endogenously determined. The platform is shown...
Persistent link: https://www.econbiz.de/10011108492
, we focus on the role of risk, liquidity and investment banking fees. Panel analysis shows that those variables … fees. On the other hand, liquidity exerts a negative impact. Notably, there is a clear trend of mobility of banks across …
Persistent link: https://www.econbiz.de/10011111521