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Universitat Tel-Aviv Eitan Berglas School of Economics

Overview
Works: 290 works in 347 publications in 1 language and 915 library holdings
Genres: History  Case studies 
Classifications: H62.5.U5, 330
Publication Timeline
Key
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
Cognitive foundations of probability by Itzhak Gilboa( Book )
1 edition published in 1999 in English and held by 8 libraries worldwide
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
Excessive FDI flows under asymmetric information by Assaf Razin( Book )
1 edition published in 1999 in English and held by 8 libraries worldwide
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 policol that is left available is then simply quantity restrictions on FDI
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
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
Fault tolerant implementation by Kfir Eliaz( Book )
2 editions published in 1999 in English and held by 8 libraries worldwide
Cheap talk in games with incomplete information by Elchanan Ben-Porath( Book )
1 edition published in 2000 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
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
A macroeconomic experiment in mass immigration by Zvi Hercowitz( Book )
2 editions published in 1999 in English and held by 8 libraries worldwide
Inductive inference : an axiomatic approach by Itzhak Gilboa( Book )
2 editions published between 1999 and 2001 in English and held by 8 libraries worldwide
From farmers to merchants, voluntary conversions and diaspora : a human capital interpretation of Jewish history by Maristella Botticini( Book )
3 editions published between 2002 and 2005 in English and held by 8 libraries worldwide
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
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
 
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Alternative Names
Berglas School of Economics
Berglas School of Economics Tēl-Āvîv
Ûnîversîṭā Berglas School of Economics
Ûnîversîṭā Eitan Berglas School of Economics
Ûnîversîṭā Tēl-Āvîv Berglas School of Economics
Ûnîversîṭā Tēl-Āvîv Eitan Berglas School of Economics
Universitat Tel Aviv. Berglas School of Economics
Universitat Tel Aviv Bet Ha-Sefer Lekalkala Al Shem Eitan Berglas
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 (37)
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