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Universitat Tel-Aviv Eitan Berglas School of Economics

Overview
Works: 288 works in 342 publications in 1 language and 910 library holdings
Genres: Case studies 
Classifications: H62.5.U5, 330
Publication Timeline
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Publications about Universitat Tel-Aviv
Publications by Universitat Tel-Aviv
Most widely held works about Universitat Tel-Aviv
 
Most widely held works by Universitat Tel-Aviv
Discrimination and nepotism : the efficiency of the anonymity rule by Chaim Fershtman( Book )
1 edition published in 2002 in English and held by 18 libraries worldwide
Monetary policy in an open economy : the differential impact on exporting and non-exporting firms by Hedva Ber( Book )
1 edition published in 2002 in English and held by 17 libraries worldwide
Escalation and delay in long international conflicts by Aviad Heifetz( Book )
1 edition published in 2002 in English and held by 16 libraries worldwide
Definable preferences : an example by Ariel Rubinstein( Book )
4 editions published between 1997 and 1999 in English and held by 11 libraries worldwide
Immigration, search and loss of skill by Yoram Weiss( Book )
3 editions published between 1999 and 2001 in English and held by 9 libraries worldwide
Channeling domestic savings into productive investment under asymmetric information : the essential role of foreign direct investment by Assaf Razin( Book )
2 editions published between 1997 and 1998 in English and held by 8 libraries worldwide
Foreign direct investment (FDI) is observed to be a predominant form of capital flows to low and middle income countries with insufficiently developed capital markets. This paper analyzes the problem of channeling domestic savings into productive investment in the presence of asymmetric information between the managing owners of firms and other portfolio stakeholders. We emphasize the crucial role played by FDI in sustaining equity-financed capital investment for economies plagued by such information problems. Similar problems also exist for foreign portfolio debt flows. The paper identifies how, in the presence of information asymmetry, different capital market structures may lead to foreign over- or under-investment and to domestic under- or over-saving, and thus to inefficient equilibria. We show how corrective tax-subsidy policies consisting of taxes on corporate income and the capital incomes of both residents and nonresidents can restore efficiency
Inductive inference : an axiomatic approach by Itzhak Gilboa( Book )
2 editions published between 1999 and 2001 in English and held by 8 libraries worldwide
Financial liberalization and competition in banking : an empirical investigation by Sigal Ribon( Book )
1 edition published in 1999 in English and held by 8 libraries worldwide
Discrimination in a segmented society : an experimental approach by Chaim Fershtman( Book )
1 edition published in 2000 in English and held by 8 libraries worldwide
Excessive FDI flows under asymmetric information by Assaf Razin( Book )
1 edition published in 1999 in English and held by 8 libraries worldwide
Abstract: In Razin, Sadka and Yuen (1998, 1999a), we explored the policy implications of the home-bias in international portfolio investment as a result of asymmetric information problems in which domestic savers, being 'close' to the domestic market, have an informational advantage over foreign portfolio investors, who are 'far away' from the domestic market. However, FDI is different from foreign portfolio investment, concerning relevant information about domestic firms. Through the stationing of managers from the headquarters of multinational firms in the foreign direct establishments in the destination countries under their control, FDIors can monitor closely the operation of such establishments, thus circumventing these informational problems. Futhermore, FDI investors not only have an informational advantage over foreign portfolio investors, but they are also more informed than domestic savers. Because FDI entails direct control on the acquired domestic firm, which the typical domestic savers with ownership position in the firm do not have. Being 'insiders' the FDIers can 'overcharge' the uninformed domestic savers, the 'outsiders', when multinational subsidiaries shares are traded in the domestic stock market. Anticipating future domestic stock market trade opportunities, in advance, foreign investment becomes excessive. However, unlike the home-bias informational problem, which leads to inadequate foreign portfolio capital inflows, but may be correctable by Pigouvian taxes such as tax on non-resident income, tax on interest income and corporate tax (see Razin, Sadka, and Yuen (1998, 1999a)), excessive FDI flows under the insider-outsider informational problem call for a non-tax corrective policy. First, because they are governed by unobservable variables (such as the productivity level which triggers default, according to the firm contract with its lender). Second, because there exist self- fulfilling expectations equilibria which cannot be efficiently corrected by taxation. The corrective policy tool that is left available is then simply quantity restrictions on FDI
Incomplete risk sharing arrangements and the value of information by Bernhard Eckwert( Book )
2 editions published in 1999 in English and held by 8 libraries worldwide
Cognitive foundations of probability by Itzhak Gilboa( Book )
1 edition published in 1999 in English and held by 8 libraries worldwide
Risk-sharing and industrial specialization : regional and international evidence by Sebnem Kalemli-Ozcan( Book )
2 editions published in 1999 in English and held by 8 libraries worldwide
The authors provide empirical evidence that risk sharing enhances specialization in production. To the best of their knowledge, this well-established and important theoretical proposition has not been tested before. The empirical procedure is summarized as follows. First, the authors construct a measure of specialization in production, and calculate an index of specialization for each of the European Community (EC) and non-EC OECD countries, U.S. states, Canadian provinces, Japanese prefectures, Latin American countries, and regions of Italy, Spain, and the United Kingdom. Then, they estimate the degree of capital market integration (a measure of risk sharing) within each of these groups of regions: the EC countries, the non-EC OECD countries, the United States, Canada, Japan, Italy, Spain, and the United Kingdom (and rely on another author's estimate for Latin America). Finally, they perform a regression of the specialization index on the degree of risk sharing, controlling for relevant economic variables. They find a positive and significant relation between the degree of specialization of individual members of a group of countries, provinces, states, or prefectures, and the amount of risk that is shared within the group. The authors perform regressions using variables such as shareholder rights and the size of the financial sector (relative to GDP) as instruments for the amount of inter-regional risk sharing. These regressions confirm that risk sharing-facilitated by a favorable legal environment and a developed financial system-is a direct causal determinant of industrial specialization
Is population dispersion policy necessary? by David Pines( Book )
2 editions published in 1999 in English and held by 8 libraries worldwide
Incomplete contracts and industrial organization by Gene M Grossman( Book )
1 edition published in 1999 in English and held by 8 libraries worldwide
Abstract: We develop an equilibrium model of industrial structure in which the organization of firms is endogenous. Differentiated consumer products can be produced either by vertically integrated firms or by pairs of specialized companies. Production of each variety of consumer good requires a unique, specialized component. Vertically integrated firms can manufacture the components they need in the quantity and type that maximizes profits, but they face a relatively high cost of governance. Specialized firms can produce at lower cost, but input suppliers face a potential hold-up problem. We study the equilibrium mode of organization when inputs are fully or partially specialized. We consider how the degree of competition in the market and other parameters affect the equilibrium choices, and how the equilibrium compares with the efficient allocation
Fault tolerant implementation by Kfir Eliaz( Book )
2 editions published in 1999 in English and held by 8 libraries worldwide
A macroeconomic experiment in mass immigration by Zvi Hercowitz( Book )
2 editions published in 1999 in English and held by 8 libraries worldwide
Externalities, nonconvexity, and agglomeration by Y. Y Papageorgiou( Book )
3 editions published in 1999 in English and held by 8 libraries worldwide
R&D policy in Israel : an overview and reassessment by Manuel Trajtenberg( Book )
1 edition published in 2000 in English and held by 8 libraries worldwide
The goal of this paper is to provide an overview of R&D policy in Israel, and critically examine the policies currently in place as well as proposals to change them. We review in Part I the various programs of the Office of the Chief Scientist (OCS) of the Ministry of Industry and Trade in Israel, followed by a discussion of studies on the impact of OCS support, and an overview of the rise of the High-Tech sector in Israel with the aid patent data. Part II examines outstanding policy issues and suggestions for reform. It opens with a discussion of allocation schemes for the OCS Grants Program in view of a rigid budget constraint, and an assessment of possible departures from neutrality.' We then examine the payback system, the conditionality of production in Israel, the Magnet' program for the support of generic R&D, and related issues. Next we review the difficulties in setting a policy target for R&D spending, and lastly we ask whether government policy should perhaps be aimed also at the supply side (of the market for R&D personnel), rather than just keep subsidizing the demand side. Clearly, these policy issues are of relevance not just for Israel but for any economy contemplating active government involvement in R&D
Reason-based choice and justifiability in extensive form games by Ran Spiegler( Book )
2 editions published in 1999 in English and held by 8 libraries worldwide
 
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Alternative Names
Berglas School of Economics
Ûnîversîṭā Berglas School of Economics
Ûnîversîṭā Eitan Berglas School of Economics
Universitat Tel Aviv. Berglas School of Economics
Universiṭat Tel-Aviv. Eitan Berglas School of Economics
Universitat Tel Aviv. <<ha->>faqulta Lemaddae Ha-Hevra. Bet Ha-Sefer Lekalkala Al Shem Eitan Berglas
Universitat Tel Aviv. School of Economics
Languages
English (36)
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