Results 21 to 30 of about 1,495,174 (299)
CORPORATE GOVERNANCE REGULATION IN EMERGING COUNTRIES. CASE OF ROMANIA [PDF]
Management & Marketing, 2010 Most of the literature on corporate governance emphasizes that firms should be run in the interests of shareholders. This is a suitable objective function when markets are perfect and complete. In many emerging economies this is not the case: markets are
Claudiu George BOCEAN
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Shareholders Unanimity With Incomplete Markets
International Economic Review, 2007 Macroeconomic models with heterogeneous agents and incomplete markets (e.g. Krusell and Smith, 1998) usually assume that consumers, rather than firms, own and accumulate physical capital. This assumption, while convenient, is without loss of generality only if the asset market is complete.
Carceles-Poveda, Eva +1 more
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Monetary policy and inequality under household heterogeneity and incomplete markets
Economía, 2022 Motivated by the empirical evidence of the effects of unanticipated nominal interest rate increases on the evolution of household inequality in Mexico, which highlight the importance of insurance mechanisms to deal with idiosyncratic risks, the paper ...
Francisco Gabriel Villarreal
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Cooperation under incomplete contracting [PDF]
, 2009 We examine the notion of the core when cooperation takes place in a setting with time and uncertainty. We do so in a two-period general equilibrium setting with incomplete markets.
Habis, H. +3 more
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Can Capital Income Tax Improve Welfare in an Incomplete Market Economy with a Labor-Leisure Decision? [PDF]
Financial Theory and Practice, 2006 This paper is a quantitative exercise in the economic analysis of optimal fiscal policy. We look at an incomplete market economy where agents face idiosyncratic labor productivity shocks and borrowing constraints.
Danijela Medak Fell
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Does Market Incompleteness Matter? [PDF]
Econometrica, 2002 This paper argues that incompleteness of intertemporal financial markets has little effect (on welfare, prices, or consumption) in an economy with a single consumption good, provided that traders are long-lived and patient, a riskless bond is traded, shocks are transitory, and there is no aggregate risk.
David K. Levine, William Zame
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INCOMPLETE MARKETS AND FINANCIAL INSTABILITY. THE ROLE OF INFORMATION [PDF]
Annals of the University of Petrosani: Economics, 2012 Considering the way that the world economy has evolved over the last 30-40 years, there was a transition from a predominant real economy to a predominant financial economy. Once, there were prevalent economic crises (when the real economy was important);
CRISTIAN IONESCU
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Sequential Model of Economic System and Constrained Pareto Optimality [PDF]
Montenegrin Journal of Economics, 2017 The concept of general economic equilibrium of sequential structures of economic system involves development of the general economic equilibrium model that includes the structure of asset markets.
Zoran Popovic, Marko Backović
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Incomplete Markets and Trade [PDF]
, 2005 In this paper, we show that incomplete markets lead to trade imbalances. We use a two-period general equilibrium model with countries composed of heterogeneous households. We look at a world where, when markets are complete, countries engage in balanced trade and we show that when some of those markets are absent, trade imbalances emerge.
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Presentation and exhibition activities for promoting theexportof transport services [PDF]
Экономика региона, 2012 Development of presentation and exhibition activities is considered as an important factor in providing new competitive advantages at the strategic markets for exporting of transportation services.
Darya Vladimirovna Nesterova +1 more
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