This paper studies the efficiency of competitive equilibria in economies where expansion investment is facilitated by securitization. We show that use securitization generally associated with constrained inefficient aggregate investment, thereby potentially justifying regulatory intervention markets for securitized assets. examine effectiveness two real-world policy instruments to address this ...

This paper introduces an information theoretic model that allows to quantify the degree of anonymity provided by schemes for anonymous connections. It considers attackers that obtain probabilistic information about users. The degree is based on the probabilities an attacker, after observing the system, assigns to the different users of the system as being the originators of a message. As a proo...

Opportunism is vital in marketing channel relationships and existing research has identified several influential factors as antecedents of opportunism. Nonetheless, we have little specific knowledge how manufacturer’s influence strategies or reseller’s fairness perception affects opportunistic behavior. This study examines the independent interactive effects on resellers’ opportunism tendency. ...

Abstract Ownership and control have been the strategic focus of organizational analyses to achieve performance. The emergence sustainable strategies has, however, confronted conventional theory because performance has become a complex concept containing both social elements environmental dimensions together with economic aspects. Increased climate change, temperature risk, hazards, as well inte...