Download or read book Essays in Empirical Contracting and Development written by Amrita Bihari Ahuja and published by . This book was released on 2009 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation's first essay explores the design and effects of incentive contracts in contexts with multiple products and multiple parties. Using data from a multi-product manufacturer in India, I test how incentives to two parties in its distribution network--salespersons and retailers--affect product sales. While profit maximization suggests equalization of returns, sales increases from salesperson incentives are six times those for retailer incentives. I provide evidence that differences in substitutability across products for the two parties, and the consequent differential costs of incentive provision, explain this disparity. The essay also traces the mechanisms by which incentives affect sales. Shifts in the allocation of salesperson effort between products and between retailers in different geographies, complementarities in effort, and information revelation through repeated interactions are all shown to be important. Finally, the essay argues that firms take these hidden incentive costs and interactions between parties into account when designing incentive systems.

Download or read book Essays in Empirical Development Economics written by Esther Duflo and published by . This book was released on 1999 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book PhD Series written by Fiseha Haile Gebregziabher and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Three essays on venture capital contracting written by Ibolya Schindele and published by Rozenberg Publishers. This book was released on 2005 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays on Contract Design and Incentive Provision written by Eva I. Hoppe-Fischer and published by Springer Gabler. This book was released on 2019-03-01 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contract theory, which emphasizes the importance of unverifiable actions and private information, has been a highly active field of research in microeconomics in the last decades. This thesis is divided into two parts. Part I consists of three chapters that study contract-theoretic models which are motivated by the classic procurement problem of a principal who wants an agent to deliver a certain good or service. In such models it is typically assumed that decision makers are interested in their own monetary payoffs only. Moreover, they have unlimited cognitive abilities and behave in a perfectly rational way. Yet, in practice people often do not behave this way. While empirical research is very difficult in contract theory, laboratory experiments have recently turned out to be an important source of data. In Part II, three experimental studies are presented that investigate contract-theoretic problems brought up in Part I.

Download or read book Development Trade Agreements and Knowledge Spillovers written by Florian Mölders and published by . This book was released on 2014 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Dissertation Abstracts International written by and published by . This book was released on 2006 with total page 586 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Changing Concepts of Contract written by David Campbell and published by Springer. This book was released on 2017-02-28 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: Changing Concepts of Contract is a prestigious collection of essays that re-examines the remarkable contributions of Ian Macneil to the study of contract law and contracting behaviour. Ian Macneil, who taught at Cornell University, the University of Virginia and, latterly, at Northwestern University, was the principal architect of relational contract theory, an approach that sought to direct attention to the context in which contracts are made. In this collection, nine leading UK contract law scholars re-consider Macneil's work and examine his theories in light of new social and technological circumstances. In doing so, they reveal relational contract theory to be a pertinent and insightful framework for the study and practice of the subject, one that presents a powerful challenge to the limits of orthodox contract law scholarship. In tandem with his academic life, Ian Macneil was also the 46th Chief of the Clan Macneil. Included in this volume is a Preface by his son Rory Macneil, the 47th Chief, who reflects on the influences on his father's thinking of those experiences outside academia. The collection also includes a Foreword by Stewart Macaulay, Malcolm Pitman Sharp Hilldale Professor Emeritus at the University of Wisconsin-Madison, and an Introduction by Jay M Feinman, Distinguished Professor of Law at Rutgers School of Law.

Download or read book ESSAYS IN INTERNATIONAL TRADE AND DEVELOPMENT written by Yelena Sheveleva and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation consists of three essays spanning the fields of international trade and economic development. In the first essay, we ask why developing countries fail to specialize in products in which they (at least potentially) have a comparative advantage? For example, farmers in land-poor developing countries overwhelmingly produce staples rather than exotic fruits that command high prices. We propose a simple model of trade and intermediation that shows how holdup resulting from poor contracting environment can produce such an outcome. We use the model to examine which polices can help ameliorate the problem, even when its cause cannot be eliminated.In the second and the third essays, we study how exporters introduce new products into the export market. In the second essay, using information on the universe of Chinese exporters to the US, we document a number of empirircal facts that discipline economists' undrstanding of dynamic aspects of multiproduct exporters. In the third essay, we estimate a structural dynamic model of multiproduct exporting.In Chapter 1, "Wheat or Strawberries? Intermediated Trade with Limited Contracting," we develop the model that provides a new explanation as to why developing countries have agricultural productivity orders of magnitude smaller than in the developing countries. We propose that due to contracting frictions agricultural producers often specialize in staples in which they have a comparative disadvantage, instead of specializing in fruits and vegetables which they can grow efficiently and which command higher prices in the export markets. While farmers can subsits on staples, farmers require services of the intermediaries to deliver cash crops to the export market. When markets are thin intermediaries hold the bulk of the bargaining power and offer a small price to the farmer for his produce. Foreseeing the hold up farmers choose to specialize in the staples.In the model, farmers can produce two types of goods: wheat and strawberries. Wheat is suitable for subsistence but farmers are inefficient in producing it. Farmers are efficient in making strawberries, but cannot subsist on it, and have to sell them to an intermediary who makes profits by selling it at the world price. In a frictionless world farmers would specialize in strawberries. Central to the model is the inability of farmers and traders to contract ex-ante on a price. The absence of enforceable contracts sets the stage for the classic hold up problem and precludes negotiating the terms of trade prior to entry into production. We use a two period model with a continuum of traders and farmers. In the first period, farmers decide whether to produce wheat or strawberries and intermediaries decide whether to enter the business of intermediation. In the second period, farmers and traders meet randomly and trade. Since meetings are random and traders do not know the number of local competitors but do know how thick the market is, they can infer the distribution of potential rivals and offer a price based on this information. In other words, traders compete for the output of farmers in the first price auction. As a result, some farmers fetch a high price for their strawberries; others fetch a low price, or even fail to meet an intermediary. Farmers make the production decision based on the expected price.We solve the model and characterize all the possible equilibria as a function of the primitive parameters. Of particular interest is the region in the parameter space that yields multiple equilibria. In the good equilibrium, specialization occurs according to comparative advantage and there is intermediation, while in the bad equilibrium, there is no intermediation and the staple is produced. Our work suggests that there may be some simple measures to ensure intermediation and specialization according to comparative advantage even if the government is not able to resolve the core issue, the underlying lack of enforceable contracts. A temporary production subsidy or a marketing board that ensures a sufficiently high minimum price to the farmer can help an economy remove the bad equilibrium without intermediation. This paper is closely related to the work of Antras and Costinot (2011). In their paper they focus on the implications of intermediation for globalization in a model that assumes that contracts between traders and producers are enforceable. In contrast we study the implications of contractual failure on production choices in a model of trade with intermediation. In Chapter 2, "Multiproduct Exporters: Empirical Regularities," we use information on Chinese exporters to the US to document a number of empirical regularities regarding dynamic multiproduct exporter behaviour. First, we confirm that scope and firm scale are positively associated. This suggests that more productive firms select to produce more products. Furthermore we find empirical regularities that are consistent with firms facing uncertainty in the export market. We explore the conjecture that firms learn about their potential in new export products trough exporting similar products. We find only tentative support for this conjecture.In chapter 3, "Multiproduct Exporters: Learning versus Knowing," we develop and estimate a structural model of multiproduct exporters based on three empirical regularities documented using data on Chinese exporters. These regularities are as follows: (1) multi-product exporters introduce their best-selling products early; (2) more than 40% of the new products introduced by incumbent exporters are dropped due to low sales within the first year; (3) for a firm, the probability of introducing a new product is positively related to the survival and success of the earlier products.The first regularity is consistent with unobserved firm-product specific heterogeneity. The second suggests that both incumbents and new exporters face uncertainty when they introduce new products. The third is consistent with firms learning about their potential in an export market, i.e., their brand effect, as they introduce new products. We develop a model which incorporates all of these features, and we estimate it structurally using data on Chinese exporters to the U.S. in the plastics industry.First, we find that known demand shocks play an important role in whether producers enter the exporting market or not. Second, we find that it is important to account for large attrition among new exporters including uncertainty about the brand effect. When we let firms know their brand effect precisely, only those with sufficiently high brand effects enter, and then the model cannot replicate disproportionately large attrition of new products among new exporters. Third, we find that while firms act consistently with learning about their brand effect, the uncertainty that firms face in conjunction with introducing new products looms large, and limits the extent to which learning affects incentives of firms to add new products. Our counterfactuals show that the distribution of products among the high brand effect firms only marginally first order stochastically dominates the distribution for low brand effect firms.Using our model we revisit the question of trade policy in the multiproduct firm setting. We simulate a decrease in the cost of introducing new products for firms. Our simulations suggest that in the presence of economies of scope and even moderate learning effects, decreasing costs of introducing subsequent products can make a significant contribution to increasing trade flows.

Download or read book Sociological Abstracts written by Leo P. Chall and published by . This book was released on 1998 with total page 812 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Social Contract written by Jean-Jacques Rousseau and published by Penguin. This book was released on 1968-06-30 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Man was born free, and he is everywhere in chains" These are the famous opening words of a treatise that has not ceased to stir vigorous debate since its first publication in 1762. Rejecting the view that anyone has a natural right to wield authority over others, Rousseau argues instead for a pact, or 'social contract', that should exist between all the citizens of a state and that should be the source of sovereign power. From this fundamental premise, he goes on to consider issues of liberty and law, freedom and justice, arriving at a view of society that has seemed to some a blueprint for totalitarianism, to others a declaration of democratic principles. For more than seventy years, Penguin has been the leading publisher of classic literature in the English-speaking world. With more than 1,700 titles, Penguin Classics represents a global bookshelf of the best works throughout history and across genres and disciplines. Readers trust the series to provide authoritative texts enhanced by introductions and notes by distinguished scholars and contemporary authors, as well as up-to-date translations by award-winning translators.

Download or read book Index to Theses with Abstracts Accepted for Higher Degrees by the Universities of Great Britain and Ireland and the Council for National Academic Awards written by and published by . This book was released on 2009 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Kurt G del written by Solomon Feferman and published by Cambridge University Press. This book was released on 2010-04-19 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kurt Gödel (1906–1978) did groundbreaking work that transformed logic and other important aspects of our understanding of mathematics, especially his proof of the incompleteness of formalized arithmetic. This book on different aspects of his work and on subjects in which his ideas have contemporary resonance includes papers from a May 2006 symposium celebrating Gödel's centennial as well as papers from a 2004 symposium. Proof theory, set theory, philosophy of mathematics, and the editing of Gödel's writings are among the topics covered. Several chapters discuss his intellectual development and his relation to predecessors and contemporaries such as Hilbert, Carnap, and Herbrand. Others consider his views on justification in set theory in light of more recent work and contemporary echoes of his incompleteness theorems and the concept of constructible sets.

Download or read book Asian American Issues Relating to Labor Economics and Socioeconomic Status written by Franklin Ng and published by Routledge. This book was released on 2014-06-23 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the late l9th and early 20th century, labor issues fanned the flames of anti-Asian sentiment, as they continue to do to this day. These essays explore the topics of immigration and work, ethnic economics and enclaves, the role of middlemen minorities, Southeast Asian refugee employment, and issues of class, hierarchy, immigrant recruitment, intra-community exploitation, and poverty in Asian American communities.

Download or read book Readings in Ethics written by Louis F. Groarke and published by Broadview Press. This book was released on 2021-04-21 with total page 690 pages. Available in PDF, EPUB and Kindle. Book excerpt: Readings in Ethics offers a vast collection of carefully edited readings arranged chronologically across five historical periods. The selections cover many major Western and non-Western schools of thought, including Daoism, virtue ethics, Buddhism, natural law, deontology, utilitarianism, contractarianism, liberalism, Marxism, feminism, and communitarianism. In addition to texts from canonical philosophers such as Plato, Mill, Wollstonecraft, and Rawls, the volume draws from other sources of wisdom: stories, fables, proverbs, medieval mystical treatises, literature, and poetry. The editors have also written substantial introductions, annotations, discussion questions, and suggestions for further reading, making for a thorough guided tour of our ethical past and present.

Download or read book Toward a New Social Contract written by Maurizio Bussolo and published by World Bank Publications. This book was released on 2018-10-24 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: The growing economic fissures in the societies of Europe and Central Asia between generations, between insiders and outsiders in the labor market, between rural and urban communities, and between the super-rich and everyone else, are threatening the sustainability of the social contract. The institutions that helped achieving a remarkable degree of equity and prosperity over the course of several decades now face considerable difficulties in coping with the challenges presented by these emerging forms of inequality. Public surveys reveal rising concerns over inequality of opportunity, while electoral results show a marked shift to populist parties that offer radical solutions to voters dissatisfied with the status quo. There is no single solution to relieve these tensions, and attempts to address them will vary considerably across the region. However, this publication proposes three broad policy principles: (1) promote labor market flexibility while maintaining protection for all types of labor contracts; (2) seek universality in the provision of social assistance, social insurance, and basic quality services; and (3) expand the tax base by complementing progressive labor-income taxation with taxation of capital. These principles could guide the rethinking of the social contract and fulfil European citizens’ aspirations for growth and equity.

Download or read book The Transnational Construction of Mayanness written by Fernando Armstrong-Fumero and published by University Press of Colorado. This book was released on 2023-05-15 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Transnational Construction of Mayanness explores how US academics, travelers, officials, and capitalists contributed to the construction of the Maya as an area of academic knowledge and affected the lives of the Maya peoples who were the subject of generations of anthropological research from the mid-nineteenth century to the present. Expanding discussions of the neocolonial relationship between the US and its southern neighbors and emphasizing little-studied texts virtually inaccessible to those in Mexico and Central America, this is the first and only set of comparative studies to bring in US-based documentary collections as an enriching source of evidence. Contributors tap documentary, ethnographic, and ethnoarchaeological sources from North America to expand established categories of fieldwork and archival research conducted within the national spaces of Mexico and Central America. A particularly rich and diverse set of case studies interrogate the historical processes that remove sources from their place of production in the “field” to the US, challenge the conventional wisdom regarding the geography of data sources that are available for research, and reveal a range of historical relationships that enabled US actors to shape the historical experience of Maya-speaking peoples. The Transnational Construction of Mayanness offers rich insight into transnational relations and suggests new avenues of research that incorporate an expanded corpus of materials that embody the deep-seated relationship between Maya-speaking peoples and various gringo interlocutors. The work is an important bridge between Mayanist anthropology and historiography and broader literatures in American, Atlantic, and Indigenous studies. Contributors: David Carey, M. Bianet Castellanos, Matilde Córdoba Azcárate, Lydia Crafts, John Gust, Julio Cesar Hoil Gutierréz, Jennifer Mathews, Matthew Watson