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Inside and Outside Liquidity
Holmström, Bengt; Tirole, Jean - The MIT Press
slight, but important departure from the standard theory of finance, they show how imperfect pledgeability of corporate … interventions. In an epilogue, Holmström and Tirole show how their theory can be used to understand some aspects of the recent …
Persistent link: https://www.econbiz.de/10008919689
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The Rules of Standard Setting Organizations: An Empirical Analysis
Chiao, Benjamin; Lerner, Josh; Tirole, Jean - C.E.P.R. Discussion Papers - 2007
This paper empirically explores standard-setting organizations’ policy choices. Consistent with Lerner-Tirole (2006), we find (a) a negative relationship between the extent to which an SSO is oriented to technology sponsors and the concession level required of sponsors and (b) a positive...
Persistent link: https://www.econbiz.de/10005792070