Directory UMM :Data Elmu:jurnal:I:International Review of Law and Economics:Vol19.Issue4.Dec1999:
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In the non-sharing case in which losers gain nothing, the combined eect of a doubling of both is a net increase in per ®rm expenditures, 5 a result consistent with observed
Intuitively, the marginal benefit of lengthening the statute is higher under a negligence rule because, by increasing the length of time over which victims can file suit, deterrence
I use a dynamic model with an optimizing representative agent to explore the role that transaction costs might play in engendering a relationship between real stock returns and
Results provide ample evidence of cointegration between the spot and the forward rate, but little evidence of the unbiased rate hypothesis, which may be due to the nonstationary
In this study, the five hypotheses examined are: (1) that the MDF is homogeneous of degree one with respect to the price level; (2) that the long-run real income elasticity of
VOL (stock return volatility measure) is the absolute value of the return conditional on its 14 lags and weekday dummies; NT (Number of Trades) is the number of NYSE transactions
(1) and (2) show that, given the expected rate of excess return on the benchmark asset, a rise in the expected real rate of excess return on the asset relative to the risk-
If we consider a profit sharing agreement instead of the fixed fee contract, a technology transfer deal can always be profitable irrespective of the initial technologi- cal gap even
