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This paper studies equilibria for economies characterized by moral hazard (hidden action), in which the set of contracts marketed in equilibrium is determined by the interaction of financial intermediaries. The crucial aspect of the environment that we study is that intermediaries are restricted...
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One of the most elusive ingredients in the success of a deal is what deal makers euphemistically refer to as "Social issues" - how power, position, and status will be allocated among the merging companies' executives. A failure to resolve these issues often leads to the destruction of...
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"Financial sector development fosters economic growth and reduces poverty by widening and broadening access to finance and allocating society's savings more efficiently. The author first discusses three pillars on which sound and efficient financial systems are built: macroeconomic stability and...
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follows: Increase the capacity of transport infrastructure and land ports. Maximize efficiency in providing service transport …. Strengthen efficient allocation of resources through a multimodal vision. Improve efficiency and regulation. Position as a …
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The purpose of this study is to conduct a baseline survey on the cost and efficiency in Primary Health Care (PHC … establish a baseline on health sector performance including utilization, quality, cost, and efficiency against which the impact … data and methodology used in this survey to evaluate the cost and efficiency performance in Dom Zdravlja (DZs). Results are …
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