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Losing the auction at an affordable price generates loser regret. In third price auctions if bidders anticipate
loser regret, then in line with the experimental findings, in a symmetric equilibrium t...
Beyond the Freedom of the Seas: Ocean Policy for the Third Millennium
Ocean Policy Third Millennium
2015/7/30
My general thesis in this talk is that it is time to "enclose" the world ocean. I use the term "ocean" in the singular to emphasize the connectedness of all of the world's major saltwater bodies, with...
Competitiveness presentation delivered at the CEO Agenda Forum in Monterrey, Mexico.
UAE Competitiveness for the Third Millennium: The Role of Government
Economics United Arab Emirates
2015/5/7
This presentation draws on ideas from Professor Porter's articles and books, including, The Competitive Advantage of Nations (The Free Press, 1990), "The Microeconomic Foundations of Economic Developm...
Using both quasi- and Precise-Regression Discontinuity designs we provide new evidence on third-party costs of technical defaults that have not been examined previously in the literature. In particula...
Shared Ownership versus Third-Party Ownership
Corporate Governance Firm-Specific Investments Residual Rights of Control
2014/11/27
Competitive advantage is based on a unique nexus of firm-specific investments that creates inimitable quasi-rents. Because of the impossibility of writing complete contracts, the distribution of the q...
Truth-telling by Third-party Auditors and the Response of Polluting Firms: Experimental Evidence from India
Polluting Firms Experimental Evidence
2014/9/10
In many regulated markets, private, third-party auditors are chosen and paid by the firms that they audit, potentially creating a conflict of interest. This article reports on a two-year field experim...
MEARIM 2014: Third Middle-East and Africa IAU Regional Meeting
MEARIM 2014 Third Middle-East and Africa IAU Regional Meeting
2013/10/30
Following on the success of the first two meeting, all participants expressed the need to meet on a regular basis to assess the development of astronomy and astrophysics in the region, increase region...
What Does Reputation Buy? Differentiation in a Market for Third-Party Auditors
environmental auditors Reputation Buy
2014/9/10
We study differences in quality in the market for third-party environmental auditors in Gujarat, India. We find that, despite the low overall quality, auditors are heterogeneous and some perform well....
Report on the Condition of the U.S. Banking Industry: Third Quarter, 2003
BANKING industry HOLDING companies FINANCIAL services industry FOREIGN banking industry
2011/10/3
Presents a U.S. Federal Reserve report on banking in the U.S. in the third quarter of 2003. Structure and financial holding company status; Banking and nonbanking activities; Foreign ownership.
Understanding the older entrepreneur: Comparing Third Age and Prime Age entrepreneurs in Finland
entrepreneurship third age older entrepreneur ageing
2008/11/11
This paper responds to the need for more data on the topical issue of older entrepreneurship by comparing Third Age (50+ years) and Prime Age (20-49 years) entrepreneurs in Finland. The data compris...
Summary of the Third Beijing Agricultural Trade Policy Dialogue
Prepared by Shunli Yao and Chen Wang
First draft: 13 July 2006; This revision: 16 May 2007
The Third Beijing Agricultural Trade Poli...
Third Country Effects of Price Discrimination: The Case of the Canadian Wheat Board
Price discrimination state trading enterprises trade negotiations
2014/4/11
This study considers whether the major concern with the behaviour of exporting state trading enterprises (STEs) should be the practice of price discrimination. Using a different...
By examining Hayek’s approach to economic policy, this paper tries to show that his understanding of a free-market society was ambiguous, if not contradictory. Hayek was indeed following the Austrian ...