18 hasil pencarian dengan kata kunci: 'directory umm data elmu jurnal i international review of law and economics vol19 issue2 jun1999'
Taking the loan market setting with asymmetric information as a micro-foundation for investment, this paper further develops a macro model of a small open economy under the regime
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We show that (1) joint ownership can be superior to the other ownership structures by overcoming vertical externality of double marginalization; (2) collusive outcomes, however,
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In what is probably the most realistic case, neither strict adherence to the per se rule nor a complete compliance defense, as in case 3 no categorical prediction could be
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After observing that banks established one period earlier become insolvent and that the state of the economy indicates a positive correlation among the returns in the banking
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23 In 1992, newly efficient management correctly focused on overall efficiency, but also gave particular attention to input variables, especially cash, labor expense, real capital
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Out of the thirteen bilateral exchange rates, evidence of PPP is found for only one (the Mexican peso/U.S. dollar rate) under traditional tests for unit roots, while seven of
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Quality differences are often alleged to be the motivating factor for eliminating gray goods; however, courts in the United States have been reluctant to protect distributors
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First, that the plaintiff’s attorney receives payment by the hour causes the defendant to conduct from 2 to 4 days of additional discovery, depending on the specification.
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This threshold damage policy creates stronger incentives for care than does a policy that requires the solvent producer to compensate victims exactly for the damages they suffer..
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Accord- ingly, in this plausible case, where the expected return on high-risk loans declines more rapidly with aggregate loan volume than does the equilibrium return on low- risk
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The focus of this paper however is to examine the structure of the relationship in the short term interest rates, in a fixed exchange rate regime and as in the current case where
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Comparing defamation laws in the United Kingdom and the United States (in the sense that probabilities p and q seem to be higher in the first case), the model predicts that
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When the liability rule cannot depend on care choices and the liability limit is in a plausible range—neither too tight nor too loose relative to expected accident damages—an
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(1998) found that open-container laws, which are expected to increase the probability of being stopped and/or arrested, reduced the number of drivers in alcohol-related fatalities
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This paper has combined the standard asymmetric information model of litigation and settlement with techniques from the self-selection literature to derive the conditions under which
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Lehn and Poulsen (1991), commenting on Crabbe’s results, identify this bias as they state, “unfortunately, these are conservative estimates since the presence of event-risk cove-
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This geographical area is, in our model, a peripheral region that is character- ized by preferences and costs of control (functions f p and g p with regard to capital j ) that do
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P ROPOSITION 4: Under the reliance measure, when the seller observes the buyer’s reliance before choosing precautions, the buyer’s reliance will exceed the optimal reliance as well
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