Search results for "Finance"

Joint Audit, Audit Market Structure, and Consumer Surplus

2017

We use a structural application of the discrete choice model to investigate how the introduction of a joint audit policy would affect audit market structure and consumer surplus. We perform this policy evaluation by identifying demand fundamentals in a joint audit regime and applying them to a single audit regime. We find that a joint audit requirement has the potential to change the audit market structure substantially but that the effects are sensitive to the specific policy design. For example, small audit firms gain market share in a joint audit regime but only if an equal sharing of the workload between the two joint auditors is not required. Our counterfactual analysis reveals that th…

Breakup and default risks in the great lockdown

2023

Abstract In this paper, we exploit CDS quotes for contracts denominated in different currencies and with different default clauses to estimate the risk of a breakup of the Eurozone and the propagation of breakup and default risks after the COVID-19 shock. Our main result is that the risk of a Eurozone breakup is significant although, quantitatively, it is not larger than in the period before the COVID-19 shock. In addition, we find that an increase in the redenomination risk in one country is associated with an increase in default premia and bond spreads in other Eurozone countries. Finally, we find that a sizeable fraction of the changes in the cost of insuring against redenomination and d…

A framework for evaluating Internet-of-Things platforms: Application provider viewpoint

2014

Widespread adoption of Internet of Things (IoT) applications assumes a sustainable ecosystem of firms creating, distributing, and using these applications. Such an ecosystem often forms around a platform that implements commonly used functionality and offers it to the members of the ecosystem for creating applications and services. In IoT, such a platform may be materialized in a form of a cloud platform that supports the management of connected devices, and the development and use of the applications based on them. A number of cloud platforms targeting IoT applications are available in the market; to prosper, they need to assist the providers of the IoT applications in designing and develo…

Coût et financement des services éducatifs en République de Guinée

1985

Référence interne : 85028Rapport complémentaire du Rapport EFM/132

Coût et financement de l'éducation au Burundi dans la perspective de l'universalisation de l'enseignement primaire

1986

référence interne : 86058

Cost and financing of education - Kano State (Nigeria)

1985

référence interne : 85062

Educational costing and financing in developing countries : focus on Sub-saharan Africa

1984

The paper analyzes issues in the costs and financing of education in developing countries. It focuses primarily on Sub-Saharan Africa, and within that on francophone west africa. After evaluating the educational cost data used in internationale comparisons, the paper focuses on the special situation of African Countries, most of which experience severe financial constraints in their effort to achieve educational goals. It examines the potential for, first, reducing unit costs as a way of increasing enrollment within an existing budget, and second, tapping private resources of financing for education. The overall conclusion is that although the financial prospects are rather bleak in the poo…

Coût et financement de l'éducation au Bénin

1986

référence interne : 86069

Familles

1980

Los gastos privados de educación en Andalucía

1998

International audience