Title:Stability Properties in a Growth Model
Author(s):PELLONI, Alessandra; WALDMANN, RobertDate:1997Type of Publication:Working PaperSeries/Report no.:EUI ECO
Title:Stakeholder Capitalism, Corporate Governance and Firm Value
Author(s):ALLEN, Franklin; CARLETTI, Elena; MARQUEZ, RobertDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:In countries such as Germany, the legal system is such that firms are necessarily stakeholder oriented. In others like Japan social convention achieves a similar effect. We analyze the advantages and disadvantages of ...
Title:Stakeholder Capitalism, Corporate Governance and Firm Value
Author(s):ALLEN, Franklin; CARLETTI, Elena; MARQUEZ, RobertDate:2009-09-01Type of Publication:Working PaperSeries/Report no.:Wharton Financial Institutions CenterAbstract:In countries such as Germany, the legal system ensures that firms are stakeholder oriented. In others, like Japan, social norms achieve a similar effect. We analyze the advantages and disadvantages of stakeholder-oriented ...
Title:State Aid and Tacit Collusion
Author(s):BERTSCH, Christoph; CALCAGNO, Claudio A.; LE QUEMENT, MarkDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECO
Title:State Aid to Attract FDI and the European Competition Policy: Should Variable Cost Aid Be Banned?
Author(s):MARINIELLO, MarioDate:2006Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The purpose of this paper is to analyze the European Commission's approach to state
aid for foreign direct investment in a competition policy framework. The Commission
shows to consider variable cost aid (VCA) to be more ...
Title:Stationary Equilibrium Distributions in Economies with Limited Commitment
Author(s):BROER, TobiasDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Limited commitment to contracts can explain imperfect risk sharing even when individuals have access to complete insurance markets. Past contributions have focused on the resulting cross-sectional distribution of consumption ...
Title:A Statistical Comparison of Alternative Identification Schemes for Monetary Policy Shocks
Author(s):LANNE, Markku; LUETKEPOHL, HelmutDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Abstract. Different identification schemes for monetary policy shocks have
been proposed in the literature. They typically specify just-identifying re-
strictions in a standard structural vector autoregressive (SVAR) ...
Title:Stock Prices and Economic Fluctuations: A Markov Switching Structural Vector Autoregressive Analysis
Author(s):LANNE, Markku; LUETKEPOHL, HelmutDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The role of expectations for economic fluctuations has received
considerable attention in recent business cycle analysis. We exploit Markov
regime switching models to identify shocks in cointegrated structural vector ...
Title:Strategic Campaigning with Vote and Turnout Buying: Theory and evidence
Author(s):CASAS, AgustinDate:2012Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:In this paper, I model the relationship between potential voters and a politician, who can pay citizens to vote for him – vote buying – or to show up to vote – turnout buying. This model is used to explore the optimal ...
Title:Strategic Mass Killings
Author(s):ESTEBAN, Joan; MORELLI, Massimo; ROHNER, DominicDate:2010Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Since World War II there have been about fifty episodes of large-scale mass killings of civilians and massive forced displacements. They were usually meticulously planned and independent of military goals. We provide a ...
Title:Strategic Wage Bargaining, Labor Market Volatility and Persistence
Author(s):HERTWECK, Matthias S.Date:2006Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:This paper modifies the standard Mortensen-Pissarides job matching model in order
to explain the cyclical behavior of vacancies and unemployment. The modifications include
strategic wage bargaining (Hall and Milgrom, ...
Title:Structural Vector Autoregressions with Markov Switching
Author(s):LANNE, Markku; LUETKEPOHL, Helmut; MACIEJOWSKA, KatarzynaDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Abstract. It is argued that in structural vector autoregressive (SVAR) analysis a Markov regime switching (MS) property can be exploited to identify shocks if the reduced form error covariance matrix varies across regimes. ...
Title:The Structure of Multiple Credit Relationships: Evidence from US Firm
Author(s):GUISO, Luigi; MINNETTI, RaulDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:When firms borrow from multiple concentrated creditors such as banks they appear
to differentiate their allocation of borrowing. In this paper, we put forward
hypotheses for this borrowing pattern based on incomplete ...