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1 - 5 van 5 voor cap protected
Microsoft Word - Holland 110111
... performance3 . while employment protection legislation tends to create a more sharp distinction between protected and nonprotected workers, generous unemployment insurance raises an issue of maintaining job search incentives ... scheme that the replacement rate is strongly dependent on previous income since the cap implies that the 90 % compensation only applies for low income groups. in figure 2 ...
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Microsoft Word - disc141.doc
... dsos only have some flexibility in setting their tariffs by reducing them below the price cap. the dutch dsos are limited in their ability for intertemporal manipulations (between different years), because ... , the autonomy of the regulatory agency is promoted when the officers in the agency are protected from unfair dismissal (stern and holder, 1999, p. 21). the dutch minister of economic affairs ...
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Microsoft Word - discussion153.doc
... pstn segment. alternatively, universal service obligations in the pstn segment may involve a (binding) price cap. the results that are obtained more or less mirror the results with regard to access ... investing in voip. the welfare implication is that society could be better off under a protected monopoly for the incumbent in the voip-segment than under competition. this of course a ...
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dp204.indd
... remains unchanged. we explore this in a model, assuming that traders protected by limited liability can choose between projects that differ both in ... risk at the top levels. it is clear that a binding cap on traders' bonus structures, r, will lead to higher social efficiency, ... ambiguous. when r is capped at a level r (and the cap binds), equilibrium utility is given by the utility curve, uuc( r). ...
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Manager turnover and firm performance
... eg tirole, 2006, chapter also requires that the interests of outside owners of stocks are protected more strongly in such market- based systems. shareholder protection is indeed more elaborate in those ... the largest value to one. as an example, looking at the axis denoted stock market cap , the largest stock market capitalisation (as a percentage of its gdp) is for the us ...
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