Search results for "finance"
showing 10 items of 4676 documents
It’s a matter of confidence. Institutions, government stability and economic outcomes
2021
In this paper we analyse the effect of constitutional structures over policy outcomes. In particular, we exploit the heterogeneity in parliamentary systems deriving from the presence and the use of the confidence vote to investigate whether stable and unstable parliamentary systems behave differently in terms of the policies they implement. This finer partition of parliamentary systems allows us to identify effects that are more robust than the ones previously discussed in the literature. We show that the difference between presidential and parliamentary systems documented in previous works is driven by a difference between presidential and stable parliamentary systems. We suggest that poss…
The Application of Foreign Law by Judicial and Non-Judicial Authorities: Any News?
2020
The treatment of foreign law by judicial and non-judicial authorities constitutes “a crucial issue” for the proper functioning of any Private International Law (PIL) system. Nevertheless, and despite its relevance, international harmonization on this issue is scarce and old –usually, previous to 1980-, and it combines both a limited scope and little application. Thus, the nature granted to foreign law before national authorities, the way to ascertain its content or to consider when it has been sufficiently proved usually vary significantly among jurisdictions and negatively affect the potential application of foreign law. This situation is widespread. And it is even noticeable in a legally …
Heurs et malheurs des demandeurs de CIF
2008
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External knowledge sourcing in different national settings: a comparison of electronics establishments in Britain and France
2004
04001; International audience; In a detailed comparison of matched samples of electronics establishments in Britain and France, this paper finds that the two samples of establishments were operating in distinctively different national labour markets for engineers and scientists, reflecting structural differences in national higher education systems and a far higher level of individual mobility between enterprises in Britain than is found in France. These differences were found to have very little effect on quantitative measures of establishments' external research interactions which tended to reflect other national-institutional differences such as continued government support for public la…
Farsighted R&D networks
2014
We analyze the formation of bilateral R&D collaborations in an oligopoly when each firm benefits from the research done by other firms it is connected to. In contrast to myopic stability, farsighted stability leads to R&D networks consisting of two minimally connected components, with the largest one comprising three-quarters of firms.
Conservation Laws and Asymptotic Behavior of a Model of Social Dynamics
2008
Abstract A conservative social dynamics model is developed within a discrete kinetic framework for active particles, which has been proposed in [M.L. Bertotti, L. Delitala, From discrete kinetic and stochastic game theory to modelling complex systems in applied sciences, Math. Mod. Meth. Appl. Sci. 14 (2004) 1061–1084]. The model concerns a society in which individuals, distinguished by a scalar variable (the activity) which expresses their social state, undergo competitive and/or cooperative interactions. The evolution of the discrete probability distribution over the social state is described by a system of nonlinear ordinary differential equations. The asymptotic trend of their solutions…
Economic valuation of environmental benefits from wastewater treatment processes: An empirical approach for Spain
2009
Economic research into the design and implementation of policies for the efficient management of water resources has been emphasized by the European Water Framework Directive (Directive 2000/60/EC). The efficient implementation of policies to prevent the degradation and depletion of water resources requires determining their value in social and economic terms and incorporating this information into the decision-making process. A process of wastewater treatment has many associated environmental benefits. However, these benefits are often not calculated because they are not set by the market, due to inadequate property rights, the presence of externalities, and the lack of perfect information…
The Stackelberg equilibrium as a consistent conjectural equilibrium
2011
International audience; We consider a static game with conjectural variations where some firms make conjectures while others do not. Two propositions are proved. We first show that there exists a continuum of conjectural variations such that the conjectural equilibrium locally coincides with the Stackelberg equilibrium (Proposition 1). Second, we define the conditions under which a conjectural equilibrium is a locally consistent equilibrium (i.e. such that conjectures are fulfilled). The conceptof (local) consistency is restricted to firms making conjectures. Two conditions on consistency are featured: consistency within a cohort and consistency among cohorts. The Stackelberg equilibrium fu…
Evaluating the protecting effects of two consolidants applied on Pietra di Lecce limestone: A neutronographic study
2020
Abstract In this work a combined laboratory-based and neutronographic investigation was carried out on a type of limestone, known as Pietra di Lecce stone, widely used in Italian Baroque as construction material. The limestone was treated with two different commercially-available coatings, namely nanosilica and nanolime, and artificially weathered by salt crystallization and temperature/relative humidity jumps. The aim was to provide an experimental evidence of the protective and consolidating effectiveness of the two treatments by looking at the water absorption process occurring inside the pore network of the analyzed stones. The analysis of the wetting front position revealed significant…
Political Extremism and Rationality
2002
Political extremism is widely considered to be the product of irrational behavior. Originally published in 2002, the distinguishing feature of this collection by well-known economists and political scientists from North America, Europe and Australia is to propose a variety of explanations which all insist on the rationality of extremism. Contributors use variants of this approach to shed light on subjects such as the conditions under which democratic parties take extremist positions, the relationship between extremism and conformism, the strategies adopted by revolutionary movements, and the reasons why extremism often leads to violence. The authors identify four core issues in the study of…