long as the seller conserves. This contradiction implies that the market for conservation cannot be efficient and … conservation is likely to fail. A leasing market is inefficient for similar reasons and dominates the sales market if and only if …

capital firm examines the difficulties of creating a venture capital market in a bank-based financial system. The analysis …), arguing that the existence of an active stock market is a necessary, but by no means sufficient condition for the development …

After describing the essential features of the book market, a welfare analysis of the fixed book price agreement is … market is one of imperfect competition, but even so the cross-subsidy argument is unlikely to be valid. A qualitative …

consider improvements to market design and regulation as these two energy markets become increasingly interlinked. …

informed about their piece rate realization, they adapt their performance. One third of subjects nevertheless forego this …

. Fund performance is evaluated against funds' designated market indices and representative style portfolios. Consistently …This paper examines the performance of 358 European diversified equity mutual funds controlling for gender differences … with previous studies, no significant differences in performance and risk are found between female and male managed funds …

evaluate the performance of local government in the provision of local public services. The model employs a reduced set of …