94 research outputs found
The impact of ICT on financial development: Empirical evidence from the Gulf Cooperation Council countries
Resource Allocation and the Regulated Firm: Comment
This comment presents an analysis of the effect of regulation on the sales-maximizing firm, and shows that the models used in earlier works have been incorrectly specified. It is demonstrated that under relatively weak conditions, regulation via a "fair" rate of return constraint has no influence on the behavior of the firm, and that any tendency to under-or overcapitalization would be present even if there were no regulation.
- …