Now showing items 1-10 of 495
Turkish Economic Development: The First Five Year Plan, 1963-67
(1969)
This article evaluates the effectiveness of Turkey's First Five Year Development Plan (1963-67) in achieving both its domestic and its international objectives.
Stock Price Manipulation Through Takeover Bids
(1989-11)
The possibility that a takeover bid is designed solely to allow the bidder to drive up the stock price, sell his holdings at the higher price and drop the bid has not been studied nor incorporated into analyses of takeovers. ...
Common Knowledge and Game Theory
(1988-07)
Perhaps the most important area in which common knowledge problems arise is in the study of rational expectations equilibria in the trading of risky securities. How can there be trade if everybody's willingness to trade ...
Micro-Based Estimates of Demand Functions for Local School Expenditures
(1980-10)
We devise and apply a new method for local public goods from survey data. Individuals' responses to questions about whether they want more or less of various public goods are combined with observations of their incomes, ...
Incentive Contracting with Asymmetry of Precontractual Beliefs
(1981-11)
The interaction between a risk-neutral principal and agent is explored in which the agent's information is better than that of the principal both before and after a contract is agreed upon. It is shown that, in contrast ...
Legal Problems of International Economic Relations : Cases Materials and Text on the National and International Regulation of Transnational Economic Relations
(1986)
The paper is a summary of the 2nd edition of the authors' textbook which is concerned with international economic regulation. The objective of the book is to look at the legal principles and processes as they affect ...
A Comment on Peter Kilby: Industrial Relations and Wage Determination
(1968)
The purpose of this note is to demonstrate, first, that the alleged union power to raise wages is illusory; and second, that even if this were not the case, several of the policy recommendations are ill-conceived.
Differences of Opinion and the Volume of Trade
(1985-03-19)
The standard models of financial markets assume that agents have identical probability beliefs but different utiity functions. The volume of trade in such models is therefore due to these taste differences. In this paper ...
The Financing of Investments in Tunisia 1961-1971
(1974)
This study is a detailed analysis of the institutional sources of finance for Tunisia's investment program in the 1960's. After describing the basic macroeconomic patterns of savings and investment in the economy, it ...
Taxes, Tariffs, and the Global Corporation
(1990-09)
In this paper we develop some simple models of optimal tax and tariff policy in the presence of global corporations that operate in an imperfectly competitive environment. The models emphasize two important differences in ...