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Special Drawing Rights For The Provision Of Public Goods On A Global Scale, George Soros Feb 2002

Special Drawing Rights For The Provision Of Public Goods On A Global Scale, George Soros

Documents

No abstract provided.


Credit Suisse Report Merrill Lynch Investment Managers, Credit Suisse Feb 2002

Credit Suisse Report Merrill Lynch Investment Managers, Credit Suisse

Documents

No abstract provided.


What Ifs In Abs Cdos?, Michael Gibson Feb 2002

What Ifs In Abs Cdos?, Michael Gibson

Documents

No abstract provided.


Rcc Should Buy Bad Loans At Book Value: Yamasaki, Unknown Feb 2002

Rcc Should Buy Bad Loans At Book Value: Yamasaki, Unknown

Documents

No abstract provided.


Speech By Comptroller Of The Currency, John D. Hawke, Jr., Before The Women In Housing And Finance, John D. Hawke Feb 2002

Speech By Comptroller Of The Currency, John D. Hawke, Jr., Before The Women In Housing And Finance, John D. Hawke

Documents

No abstract provided.


Decreto 214/2002, Republica Argentina Feb 2002

Decreto 214/2002, Republica Argentina

Documents

No abstract provided.


How To Auction An Essential Facility When Underhand Integration Is Possible, Eduardo Engel, Ronald Fischer, Alexander Galetovic Feb 2002

How To Auction An Essential Facility When Underhand Integration Is Possible, Eduardo Engel, Ronald Fischer, Alexander Galetovic

Discussion Papers

No abstract provided.


Wage Gains Associated With Height As A Form Of Health Human Capital, T. Paul Schultz Feb 2002

Wage Gains Associated With Height As A Form Of Health Human Capital, T. Paul Schultz

Discussion Papers

No abstract provided.


Developing Countries And The Multilateral Trading System After Doha, T.N Srinivasan Feb 2002

Developing Countries And The Multilateral Trading System After Doha, T.N Srinivasan

Discussion Papers

No abstract provided.


Highway Franchising And Real Estate Values, Eduardo Engel, Ronald Fischer, Alexander Galetovic Feb 2002

Highway Franchising And Real Estate Values, Eduardo Engel, Ronald Fischer, Alexander Galetovic

Discussion Papers

No abstract provided.


How To Auction An Essential Facility When Underhand Integration Is Possible, Eduardo Engel, Ronald Fischer, Alexander Galetovic Feb 2002

How To Auction An Essential Facility When Underhand Integration Is Possible, Eduardo Engel, Ronald Fischer, Alexander Galetovic

Cowles Foundation Discussion Papers

Regulating seaports is difficult in general, even more so for the weak regulatory institutions common in developing countries. For this reason some countries have awarded these facilities via Demsetz auctions, to the port operator that bids the lowest cargo-handling fee. A major concern with Demsetz auctions in this context, is that the winning operator may integrate with a shipper and monopolize the shipping market, by worsening the service quality for competing shippers. The standard policy recommendation against service quality discrimination is to ban the seaport from operating in the shipping market. The effectiveness of such prohibitions is suspect, however, because …


The Health Of Nations: The Contribution Of Improved Health To Living Standards, William D. Nordhaus Feb 2002

The Health Of Nations: The Contribution Of Improved Health To Living Standards, William D. Nordhaus

Cowles Foundation Discussion Papers

Nations generally measure their economic performance using the yardstick of national output and income. It is not widely recognized, however, that conventional measures of national income and output exclude the value of improvements in the health status of the population. The present study develops a methodology and presents preliminary estimates of how standard economic measures would change if they adequately reflected improvements in health status. The study first discusses the theory of the measurement of national income, examines some of the shortcomings of traditional concepts, and proposes a new concept called ‘health income’ that can be used to incorporate improvements …


I'Ll See It When I Believe It — A Simple Model Of Cognitive Consistency, Leeat Yariv Feb 2002

I'Ll See It When I Believe It — A Simple Model Of Cognitive Consistency, Leeat Yariv

Cowles Foundation Discussion Papers

Psychological experiments demonstrate that people exhibit a taste for consistency. Individuals are inclined to interpret new evidence in ways that confirm their pre-existing beliefs. They also tend to change their beliefs to enhance the desirability of their past actions. I present a model that incorporates these effects into an agent’s utility function and allows me to characterize when: (i) agents become under- and over-confident, (ii) agents exhibit excess stickiness in action choices, (iii) agents prefer less accurate signals, and (iv) agents are willing to pay in order to forgo signals altogether. Applications to political campaigns and investment decisions are explored.


Highway Franchising And Real Estate Values, Eduardo Engel, Ronald Fischer, Alexander Galetovic Feb 2002

Highway Franchising And Real Estate Values, Eduardo Engel, Ronald Fischer, Alexander Galetovic

Cowles Foundation Discussion Papers

It has become increasingly common to allocate highway franchises to the bidder that offers to charge the lowest toll. Often, building a highway increases the value of land held by a small group of developers, an effect that is more pronounced with lower tolls. We study the welfare implications of highway franchises that benefit large developers, focusing on the incentives developers have to internalize the effect of the toll they bid on the value of their land. We study how participation by developers in the auction affects equilibrium tolls and welfare. We find that large developers bid more aggressively than …


Aig Pwc Memorandum From Habayeb Regarding Regulatory Capital Transactions, Elias Habayeb Feb 2002

Aig Pwc Memorandum From Habayeb Regarding Regulatory Capital Transactions, Elias Habayeb

Documents

No abstract provided.


Monetary And Financial Cooperation In East Asia: The Chiang Mai Initiative And Beyond, Pradumna B. Rana Feb 2002

Monetary And Financial Cooperation In East Asia: The Chiang Mai Initiative And Beyond, Pradumna B. Rana

Documents

No abstract provided.


Consistent Testing For Stochastic Dominance: A Subsampling Approach, Oliver B. Linton, Esfandiar Maasoumi, Yoon-Jae Whang Feb 2002

Consistent Testing For Stochastic Dominance: A Subsampling Approach, Oliver B. Linton, Esfandiar Maasoumi, Yoon-Jae Whang

Cowles Foundation Discussion Papers

We propose a procedure for estimating the critical values of the Klecan, McFadden, and McFadden (1990) test for first and second order stochastic dominance in the general k -prospect case. Our method is based on subsampling bootstrap. We show that the resulting test is consistent. We allow for correlation amongst the prospects and for the observations to be autocorrelated over time. Importantly, the prospects may be the residuals from certain conditional models.


Ley 25,563, Congreso De La Nacion Argentina Jan 2002

Ley 25,563, Congreso De La Nacion Argentina

Documents

No abstract provided.


Friendly Watchdog, Jess Bravin, Paul Beckett Jan 2002

Friendly Watchdog, Jess Bravin, Paul Beckett

Documents

No abstract provided.


Remarks By Governor Edward M. Gramlich At The Housing Bureau For Seniors Conference On Predatory Lending, Edward M. Gramlich Jan 2002

Remarks By Governor Edward M. Gramlich At The Housing Bureau For Seniors Conference On Predatory Lending, Edward M. Gramlich

Documents

No abstract provided.


Sec Interpretation: Management's Discussion And Analysis Of Financial Condition And Results Of Operations; Certain Investment Company Disclosures, United States: Securities And Exchange Commission (Sec) Jan 2002

Sec Interpretation: Management's Discussion And Analysis Of Financial Condition And Results Of Operations; Certain Investment Company Disclosures, United States: Securities And Exchange Commission (Sec)

Documents

No abstract provided.


Purchase Price Of Sound Institutions' Assets Under Article 53 Of The Financial Revitalization Law, Government Of Japan: Deposit Insurance Corporation Jan 2002

Purchase Price Of Sound Institutions' Assets Under Article 53 Of The Financial Revitalization Law, Government Of Japan: Deposit Insurance Corporation

Documents

No abstract provided.


Law No. 10406 Of January 10, 2002, Brazilian Government Jan 2002

Law No. 10406 Of January 10, 2002, Brazilian Government

Documents

No abstract provided.


Bankers Who Must Never Walk Alone, Jonathan Watts Jan 2002

Bankers Who Must Never Walk Alone, Jonathan Watts

Documents

No abstract provided.


Resolución 6/2002, Argentina: Ministerio De Economia/Ministry Of Economy Jan 2002

Resolución 6/2002, Argentina: Ministerio De Economia/Ministry Of Economy

Documents

No abstract provided.


Decreto 71/2002, Republica Argentina Jan 2002

Decreto 71/2002, Republica Argentina

Documents

No abstract provided.


Issue 4/2545: Execution Of Warrants To Purchase Preferred Shares According To The Project To Help Increase Tier 1 Capital Of Financial Instituions Owned By The Ministry Of Finance, Thai Ministry Of Finance Jan 2002

Issue 4/2545: Execution Of Warrants To Purchase Preferred Shares According To The Project To Help Increase Tier 1 Capital Of Financial Instituions Owned By The Ministry Of Finance, Thai Ministry Of Finance

Documents

No abstract provided.


Instrução Cvm No 358, Comissão De Valores Mobiliários Jan 2002

Instrução Cvm No 358, Comissão De Valores Mobiliários

Documents

No abstract provided.


Developing Industrial Ecosystems: Approaches, Cases, And Tools, Marian Chertow, Michelle Portlock Jan 2002

Developing Industrial Ecosystems: Approaches, Cases, And Tools, Marian Chertow, Michelle Portlock

Yale School of the Environment Bulletin Series

No abstract provided.


The Politic 2002 Winter, The Politic, Inc. Jan 2002

The Politic 2002 Winter, The Politic, Inc.

The Politic

No abstract provided.