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, 2013 This paper studies endogenous market formation in a ?nancial trading model where strategic traders face information asymmetries and aggregate shocks. First, we show that negative participation externalities can arise for a large class of assets. In a decentralized process of market formation, the negative externalities limit competition between ...
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Abstract There are any number of possible population sizes, from zero (human extinction) to a population so large that people live barely-worth-living lives (the repugnant conclusion). This chapter argues that contractualist reasoning can explain why the repugnant conclusion ought to be rejected.
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International Advances in Economic Research, 2008
This paper presents a study of potential outcomes of bank growth. Banks grow by expanding market presence within the geographic region within which they are domiciled and by expanding presence into other regions via new implantations. Growth leads to improved diversification, but also results in an increase in the risk of catastrophe that a bank’s ...
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This paper presents a study of potential outcomes of bank growth. Banks grow by expanding market presence within the geographic region within which they are domiciled and by expanding presence into other regions via new implantations. Growth leads to improved diversification, but also results in an increase in the risk of catastrophe that a bank’s ...
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Institutional change and the optimal size of universities
Scientometrics, 2016Torben Schubert, Guo-liang Yang
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The Optimal Balance between Size and Number of Offspring
American Naturalist, 1974Christopher C. Smith, S. Fretwell
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ON THE OPTIMAL SIZE AND NUMBER OF RESERVES IN A MULTI-SITE FISHERY MODEL
, 2015A. Moussaoui +3 more
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