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Possessive constructions are grammatical constructions which contain two nominals and express that the referent of one of these nominals belongs to the other. The kind of relationship denoted by possessive constructions is not only that of ownership (1), as the term "possessive" might suggest, but also that of kinship (2), bodypart relationship (3), part/whole relationship (4) and similar relationships [...]. The following investigation will start with possessive constructions on phrase level, i.e. possessive phrases, and then deal with possessive constructions on clause level.
According to the present state of research, there seems to be no language which shows possessive classifiers and possessive verbs corresponding to English "to have" at the same time. In classifier languages predicative possession is expressed by verbless clauses, i.e. by existential clauses ("there is my possessed item"), equative clauses ("the possessed item is mine" "that is my possessed item") or by locative expressions ("the possessed item is near me"), in which the classifier in the case of non-inherent possession marks the nature of the relationship. While most Melanesian languages, as for instance Fijian, Lenakel, Pala and Tolai are classifier languages, Nguna, a Melanesian language spoken in Vanuatu, only shows traces of the Melanesian possessive classifier system, but, in contrast to the other Melanesian languages, it has a possessive verb, namely 'peani' "to have". In order to show how the Nguna possessive constructions deviate from the common Melanesian type, we shall start with a brief description of the Melanesian possessive constructions in general, and that of Fijian in particular.
Ergativity in Samoan
(1985)
Most typological and language specific studies on so- called ergative languages are concerned with case marking patterns, particularly split ergativity, with the organization of syntactic relations as defined by syntactic operations such as coreferential deletion across coordinate conjunctions, Equi-NP-deletion and relativization , and with the notion of subject, but usually neglect the notion of valency, though the inherent relational properties of the verb , i. e. valency, play a fundamental role in the syntactic organization of sentences in ergative as well as in other languages . The following investigation of ergativity in Samoan aims to integrate the notion of valency into the description of semantic and syntactic relations and to outline the characteristic features of Samoan verbal clauses as far as they seem to be relevant to recent and still ongoing discussions on linguistic typology and syntactic theory. The main points of the definition of valency […] are: Valency is the property of the verb which determines the obligatory and optional number of its participants, their morphosyntactic form, their semantic class membership (e.g. ± animate, ± human) , and their semantic role (e.g. agent , patient , recipient). All semantic properties and morphosyntactic properties of participants not inherently given by the verb and therefore not predictable from the verb, are not a matter of valency. Valency is not a homogenous property of the verb, but consists of several exponents which show varying degress of relevance in different languages or different verb classes within a single language.
Grammatical relations, particularly the notions of transitivity, case marking, ergativity, passive and antipassive have been a favourite subject of typological research during the last decade, but surprisingly, the notion of valency has been of marginal interest in cross-linguistic studies, though the syntactic and semantic status of participants is, to a great extent, determined by the relational properties of the verb. Valency is the property of the verb which determines the obligatory and optional number of its participants, their morphosyntactic form, their semantic class membership (e.g. ± animate, ± human) ,and their semantic role (e.g. agent, patient, recipient). The valency inherently gives information on the nature of the semantic and syntactic relations that hold between the verb and its participants. If a verb is combined with more participants than allowed or less than required, or if the participants do not show the required morphosyntactic form or class membership, the clause is ungrammatical. In other words, it is not sufficient to consider only the number of actants as a matter of valency, but it is only acceptable if all semantic and morphosyntactic properties of the relation between a verb and its participants that are predictable from the verb are included. The predictability of these properties results from their inherent givenness, and it does not seem reasonable to count some inherently given relational properties as a matter of valency, but not others (compare Helbig (1971:38f) and Heidolph et ale (1981:479) who distinguish between the quantitative, syntactic and semantic aspect of valency).
Using Ultan's theory of descriptivity grading as a starting point, I will attempt to capture this differential utility in terms of [...] criteria of literalness, explicitness and syntactic complexity. I will first briefly present his System and investigate some generalizations which he has proposed on the basis of his study of body part terminologies in numerous languages. I will apply his theory to nouns in this and four other semantic domains, in three North American Indian languages. I will test his generalizations and propose some new ones. I will then present an alternative system of descriptivity grading and compare the results of its application with those of Ultan's system. In the final section I will suggest another methodology for quantification. An appendix at the end of the paper lists all of the descriptive lexical items mentioned, graded according to both systems.
Bargaining with a bank
(2018)
This paper examines bargaining as a mechanism to resolve information problems. To guide the analysis, I develop a parsimonious model of a credit negotiation between a bank and firms with varying levels of impatience. In equilibrium, impatient firms accept the bank’s offer immediately, while patient firms wait and negotiate price adjustments. I test the empirical predictions using a hand-collected dataset on credit line negotiations. Firms signing the bank’s offer right away draw down their line of credit after origination and default more than late signers. Late signers negotiate price adjustments more frequently, and, consistent with the model, these adjustments predict better ex post performance.
This policy white paper shows, using data on European Commission (EC) lobby meetings, that financial institutions and finance trade associations have substantial access to EC policymakers. While lobbying could transfer policy-relevant information and expertise to policymakers, it could also result in the capture of policymakers by the industry, which could harm consumers and taxpayers. How could policymakers prevent regulatory capture, but retain the benefits of the sector expertise in policy decisions? Awareness of regulatory capture by policymakers is one of the most important remedies. This paper provides an overview of the origins of the regulatory capture theory and recent academic evidence. The paper shows that regulatory capture could emerge in a variety of institutions and policy areas but is not ubiquitous and depends on the incentives of policymakers and the policy environment. Subsequently, the paper discusses various measures to prevent regulatory capture, such as more transparency, diverse expert groups, and cooling-off periods.
La investigación sobre el desarrollo y la vida del derecho canónico en la América hispánica se ha visto enriquecida por la edición de los documentos de trabajo del Tercer Concilio Provincial Mexicano, celebrado en 1585. Esta monografía presenta las líneas de investigación que el autor está llevando a cabo en su tesis doctoral, confrontando los decretos promulgados con su iter redaccional de acuerdo a la información suministrada por los manuscritos editados. Los pedidos y memoriales presentados al concilio provincial pueden ser analizados, junto con la misma tarea legislativa, como un modo de resolución de conflictos por parte de la autoridad eclesiástica y su potestad de acuerdo con el derecho canónico entonces vigente.
Prestige and loan pricing
(2016)
We find that prestigious companies pay lower spreads and upfront fees on their loans despite the fact that prestige does not predict default risk over the life of the loan. Using survey data on firm-level prestige, we show that a one standard deviation increase in prestige reduces loan spreads by 6.18% per year and upfront fees by 22.86%. We identify causal effects (i) using fraud by industry peers as an instrument for borrower prestige and (ii) exploiting a regression discontinuity around rank 100 of the prestige survey. Banks that lend to prestigious firms attract more business afterwards compared to otherwise similar institutions. Moreover, the effect of prestige on upfront fees is particularly strong for new bank relationships. Our findings suggest that prestigious firms receive cheaper funding because the associated lending relationship helps banks establish valuable credentials they use to compete for future borrowers.
When a spot market monopolist has a position in a corresponding futures market, he has an incentive to deviate from the spot market optimum to make this position more profitable. Rational futures market makers take this into account when setting prices. We show that the monopolist, by randomizing his futures market position, can strategically exploit his market power at the expense of other futures market participants. Furthermore, traders without market power can manipulate futures prices by hiding their orders behind the monopolist's strategic trades. The moral hazard problem stemming from spot market power thus provides a venue for strategic trading and manipulation that parallels the adverse selection problem stemming from inside information. Klassifikation: D82, G13