Itens para a visualização no momento 1-5 of 5

    • Do dividend changes signal future earnings? 

      Araújo, Aloísio Pessoa de; Moreira, Humberto; Tsuchida, Marcos H.
      2011-01
      Signaling models contributed to the corporate finance literature by formalizing 'the informational content of dividends' hypothesis. However, these models are under criticism as the empirical literature found weak evidences ...
    • Robust mechanisms: the curvature case 

      Carrasco, Vinicius; Luz, Vitor Farinha; Monteiro, Paulo K.; Moreira, Humberto
      2018
      This paper considers the problem of a Principal who faces a privately informed Agent and only knows one moment of the type’s distribution. Preferences are nonlinear in the allocation, and the Principal maximizes her ...
    • Solving euler equations: classical methods and the C1 contraction mapping method revisited 

      Maldonado, Wilfredo L.; Moreira, Humberto
      2006
      In this paper we describe the classical methods used to solve the Euler equations. Special attention is devoted to the iterative method based on a contraction mapping derived from these equations in Maldonado and Moreira ...
    • Towards a truthful land taxation mechanism in Brazil 

      Assunção, Juliano Junqueira; Moreira, Humberto
      2001-05-01
      This paper shows that the asymmetric information present in the relationship between the government and agricultural producers has led to persistent problems in the application of land taxes (Imposto Territorial Rural - ...
    • The trade-off between incentives and endogenous risk 

      Araújo, Aloísio Pessoa de; Moreira, Humberto; Tsuchida, Marcos
      2007-11-01
      Negative relationship between risk and incentives, predicted by standard moral hazard models, has not been confirmed by empirical work. We propose a moral hazard model in which heterogeneous risk-averse agents can control ...