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| Registros recuperados: 42 | |
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| Ikhide, Sylvanus. |
| Commercial bank credit is a useful tool for promoting economic growth especially at the early stages of development. It has been observed that between 1996 and the early part of 2000, the growth rate of real credit to the private sector declined significantly in Namibia. This period coincided with observed strong demand for commercial bank loans. There has therefore been public discourse on the possibility of a restriction in the supply of credit by commercial banks and hence the occurrence of a credit crunch in the economy since commercial bank lending capacity did not fall. This paper attempts to provide some evidence in this regard by examining the main determinants of commercial bank credit in the economy and ascertaining if credit has been demand or... |
| Tipo: Journal Article |
Palavras-chave: Africa; Namibia; Credit crunch; Asymmetric information; Economic growth; Financial Economics; E51. |
| Ano: 2003 |
URL: http://purl.umn.edu/43995 |
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| Fischer, Carolyn. |
| Project-based mechanisms for emissions reductions credits, like the Clean Development Mechanism, pose important challenges for policy design because of several inherent characteristics. Participation is voluntary. Evaluating reductions requires assigning a baseline for a counterfactual that cannot be measured. Some investments have both economic and environmental benefits and might occur anyway. Uncertainty surrounds both emissions and investment returns. Parties to the project are likely to have more information than the certifying authority. The certifying agent is limited in its ability to design a contract that would reveal investment intentions. As a result, rules for baseline determination may be systematically biased to overallocate, and they also... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Climate policy; Clean Development Mechanism; Baseline emissions; Asymmetric information; Environmental Economics and Policy; D8; Q4. |
| Ano: 2002 |
URL: http://purl.umn.edu/10520 |
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| Langinier, Corinne; Babcock, Bruce A.. |
| Consumers are in general less informed than producers about the quality of agricultural goods. To reduce the information gap, consumers can rely on standards (labels, certifications, geographic indications) that insure quality and origin of the goods. However, these standards do not always fully reveal information. Some of them may just signal that the good is more likely to be of high quality. We investigate what kind of standards are most desirable for producers, and for society in general knowing that any system is costly to implement. One of our findings is that for intermediate values of certification costs, certification that fully reveals information makes high quality producers better off, but make the entire industry worse off. In this case, the... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Asymmetric information; Certification; Clubs; Quality.; Consumer/Household Economics; L11; L15; D82; D71. |
| Ano: 2005 |
URL: http://purl.umn.edu/19510 |
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| Castriota, Stefano; Delmastro, Marco. |
| The concept of reputation has been used in every field of economic research, given its capacity to affect the outcome of all economic and financial transactions. The theoretical debate on reputation is very rich, but the mechanisms of reputation building have not been explored enough from the empirical viewpoint. In this paper we investigate the determinants of firm reputation taking into consideration the interactions between individual and collective reputation. This paper is one of the first attempts to provide robust evidence on the determinants of firm reputation using a large set of controls applied to a database not affected by self-selection bias. In fact, we constructed a new database containing the universe of wineries located in four regions of... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Reputation; Credibility; Asymmetric information; Quality standards; Industrial Organization; L14; L15. |
| Ano: 2008 |
URL: http://purl.umn.edu/45504 |
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| Vukina, Tomislav; Zheng, Xiaoyong. |
| Using unique panel data on individual transactions between buyers and sellers in the spot market for live hogs, we found a large degree of intra-day price dispersion. Motivated by this empirical puzzle, we offer an explanation which is rooted in the bargaining with search theory. We formulate three hypotheses involving the role of farmers’ search cost, bargaining parties’ patience, and asymmetric information that we believe can explain the observed phenomenon. Empirical analysis shows strong support for all three of the stated theoretical predictions, indicating that the bargaining with search theory explains at least 31 percent of the observed intra-day price variation in this market. |
| Tipo: Journal Article |
Palavras-chave: Intra-day price dispersion; Bargaining theory; Search cost; Asymmetric information; Demand and Price Analysis. |
| Ano: 2010 |
URL: http://purl.umn.edu/95603 |
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| Registros recuperados: 42 | |
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