Research ArticleOpen accessIn the author namesApplication of Theories of Complexity and Chaos to Economic MisgovernancePartha Gangopadhyay, Nasser Elkanj, Mustafa A. RahmanProblem statement: In this study we develop a comprehensive model involving local taxes, intergovernmental transfers and bureaucratic corruption to characterize a fiscal equilibrium in order to explain the provision of local (public) expenditure in developing nations. The main goal of the research is to explain economic misgovernance as an equilibrium phenomenon, which is therefore expected to persist over time despite … …Journal of Mathematics and Statistics, Vol. 7, Issue 3 · 27 Jul 2011 · 7,379 accessesView PDFCite
Research ArticleOpen accessIn the author namesBanking Efficiency in Lebanon: An Empirical InvestigationMouataz Zreika, Nasser ElkanjProblem statement: The main goal behind this study is to identify whether banks are working at full efficiency or not and spot the changes in efficiency for banks operating in Lebanon after 2007 financial crisis. Approach: This study was conducted to examine the technical efficiency of 40 banks operating in Lebanon over the two sub-periods 2002-2006 and 2006-2009 using Data … …Journal of Social Sciences, Vol. 7, Issue 2 · 12 Feb 2011 · 8,300 accessesView PDFCite
Research ArticleOpen accessIn the author namesAn Economic Model of Insider Trading with an Informed Third PartyNasser G. ElkanjThe fact that an insider gains only at the expense of an outsider, manipulative insider trading precipitates a conflict of interests. We model this conflict in an extended principal-agent framework to demonstrate that the endogenous demand for reliable information would limit the volume and persistence of manipulative insider trading. An important dimension of such an insider trading is that an … …Journal of Social Sciences, Vol. 1, Issue 3 · 30 Sep 2005 · 6,810 accessesView PDFCite