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Employment contracts give a principal the authority to decide flexibly which task his agent should execute. However, there is a tradeoff, first pointed out by Simon (1951), between flexibility and employer moral hazard. An employment contract allows the principal to adjust the task quickly to...
Persistent link: https://www.econbiz.de/10010604419
Industrial disposal of effluents on land and subsequent pollution of groundwater and soil of surrounding farmlands is a … effluents on land, which has limited capacity to assimilate the pollution load, has led to groundwater pollution. Ground water … and/or river water the impact of pollution on livelihood was minimised. Since the local administration is supplying …
Persistent link: https://www.econbiz.de/10009363651
industrial (waste water and dust) pollution. Auxiliary regressions show that conditional on income, northern provinces have lower … industrial waste water pollution; non-coastal and provinces with smaller secondary industry shares have lower industrial (waste … water, COD, and dust) pollution; provinces with smaller state-owned enterprises share have lower industrial COD pollution …
Persistent link: https://www.econbiz.de/10009365297
We study the introduction of new technologies when their costs are subject to idiosyncratic uncertainty and can only be fully learned through individual experience. We set up a dynamic model of clean experience goods that replace old polluting consumption options and show how optimal regulation...
Persistent link: https://www.econbiz.de/10010603856
We study (energy) markets with dirty incumbents and costly entry by clean producers. For intermediate entry costs, the market outcome exhibits inefficient production and inefficient entry. A policy mix of three popular regulatory instruments—taxation on polluters, feed-in tariffs for clean...
Persistent link: https://www.econbiz.de/10010765499
production. Pollution, as a force that discourages agglomeration, is caused by domestic production. We show that cities are too … large and too few in number in uncoordinated equilibrium if economic growth implies increasing pollution (‘brown growth …
Persistent link: https://www.econbiz.de/10010599729
After the important progresses in information technology there appeared great volumes of data stored from different fields of human activity. From here there was a short way to developing advanced analysis techniques known as data mining. Using modern computer systems that integrate data mining...
Persistent link: https://www.econbiz.de/10008456291
Data mining systems on the market are usually produced by companies from fields of activity like databases, statistical analysis. Enterprises can choose from a wide variety of commercial data mining tools to pick one that best suites their needs and can operate with the type of data they have....
Persistent link: https://www.econbiz.de/10008456292
The ability of companies to turn an environmental constraint into a source of strategic opportunities is a controversial topic in published research. The article, which is based on a comparative study of the CO2 emission reduction strategies implemented by the cement and chemical industries,...
Persistent link: https://www.econbiz.de/10010877636
A central issue in the study of sustainable development is the interplay of growth and sacrifice in a dynamic economy. This paper investigates the relationship among current consumption, sacrifice, and sustainability improvement in a general context and in two canonical, stylized economies. We...
Persistent link: https://www.econbiz.de/10010877894