Essays on Asymmetric Information and Environmental Regulation Through Disclosure

Essays on Asymmetric Information and Environmental Regulation Through Disclosure
Title Essays on Asymmetric Information and Environmental Regulation Through Disclosure PDF eBook
Author Jorge García
Publisher Goteborg University
Pages 142
Release 2007
Genre Disclosure of information
ISBN

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Essays on Information Disclosure and the Environment

Essays on Information Disclosure and the Environment
Title Essays on Information Disclosure and the Environment PDF eBook
Author Koshy Mathai
Publisher
Pages 286
Release 2002
Genre
ISBN

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Essays on Asymmetric Information and Regulation

Essays on Asymmetric Information and Regulation
Title Essays on Asymmetric Information and Regulation PDF eBook
Author Guillaume Pommey
Publisher
Pages 0
Release 2020
Genre
ISBN

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This thesis studies three distinct problems of organizational design and regulation. The first chapter is devoted to the analysis of partnership dissolution mechanisms when partners face limited financial resources. Those mechanisms cover a large range of applications such as termination of joint ventures, bankruptcy procedures, divorce or, land reallocation. The work presents an existence condition of first-best dissolution mechanisms with financially-constrained partners as well as a methodology to implement those mechanisms in practice. It is shown that a well-balanced distribution of initial ownership rights and financial resources among partners is crucial for the existence of the first-best solution - more extreme distributions generally lead to a failure of negotiations on efficient dissolution. Second-best mechanisms are also investigated as well as generalizations to richer settings. The second chapter considers the optimal regulation of firms whose activity may be harmful to society. The analysis focuses on determining whether monetary punishments should target more the owner of the firm or the employee in charge of taking precautionary measures. When the employee has limited financial resources, the analysis shows that monetary punishments should be imposed solely on the owner of the firm if the regulator wants the firm to take appropriate precautionary measures. An extension to the case of two financially-constrained individuals jointly in charge of safety shows that monetary punishments should be evenly distributed among the two injurers. The third chapter addresses the issue of regulating airports. It sheds light on the importance of jointly regulating the price of aeronautical services, the one for commercial services offered at the airport as well as the level of investment chosen by the airport. An investigation of traditional regulations shows that they generally fail to implement the optimal regulation as they do not provide sufficient incentives to invest. A corrective regulation is proposed to tackle this issue. The consequences of the nature of the airport-airline relationship and the observability of investment on the optimal regulation are also investigated.

Essays in Empirical Finance

Essays in Empirical Finance
Title Essays in Empirical Finance PDF eBook
Author Anders C. Johansson
Publisher Goteborg University
Pages 180
Release 2007
Genre Capital market
ISBN

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Essays on Conflict, Institutions, and Ethnic Diversity

Essays on Conflict, Institutions, and Ethnic Diversity
Title Essays on Conflict, Institutions, and Ethnic Diversity PDF eBook
Author Pelle Ahlerup
Publisher
Pages 204
Release 2009
Genre Economic history
ISBN

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Four Essays on Interhousehold Transfers and Institutions in Post-Communist Romania

Four Essays on Interhousehold Transfers and Institutions in Post-Communist Romania
Title Four Essays on Interhousehold Transfers and Institutions in Post-Communist Romania PDF eBook
Author Andreea Mitrut
Publisher
Pages 182
Release 2008
Genre Romania
ISBN

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Essays on Social Distance, Institutions, and Economic Growth

Essays on Social Distance, Institutions, and Economic Growth
Title Essays on Social Distance, Institutions, and Economic Growth PDF eBook
Author Gustav Hansson
Publisher
Pages 198
Release 2008
Genre Economic development
ISBN

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