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particular solution of this problem, certification, where an independent agency provides a costly signal, a certificate, to … nonprofit. The assumptions of our model are derived from stylized facts that we distilled from certification systems currently … literature on certification and provides results that are different from those reported up to now. …
Persistent link: https://www.econbiz.de/10005357507
In this study we model how certification affects managers’ choice of the quality of the nonprofit organizations they … charitable good, one donor, and a certification agency. We assume that the nature of the charitable good does not allow for …
Persistent link: https://www.econbiz.de/10005086643
One of the arguments against the Fair Trade scheme is that the guaranteed minimum price tends to depress world prices and thus the incomes of non-participating farmers (e.g. The Economist, 2006). We develop a model that distinguishes between the impact of the introduction of a Fair Trade market...
Persistent link: https://www.econbiz.de/10005086614
I compare certification and self-regulation, two widely used quality assurance mechanisms in markets where consumers do … not observe the quality of goods. Certification is a mechanism in which an external firm oers a certificate to producers … certification fee. Self-regulation is a mechanism in which a club of firms in the industry adhere (or not) to a self-imposed code of …
Persistent link: https://www.econbiz.de/10005178146
Promoting competition among electricity producers is crucial for ensuring allocative efficiency and lower electricity prices. In this paper, I empirically examine the electricity market of England and Wales in order to analyze to what extent the regulatory reforms were successful in promoting...
Persistent link: https://www.econbiz.de/10008642457
Much has been written on the distinction between vertical and horizontal foreign direct investment. However, most of the empirical literature relies on indirect and aggregated measures only. The aim of this paper is to help fill this gap by examining the differences between German affiliates in...
Persistent link: https://www.econbiz.de/10010842906
We empirically assess whether firms face economies and/or diseconomies of scale with respect to air pollution control by evaluating the effects of production on firmlevel air emission levels using a panel of Czech firms during the country’s transitional period of 1993 to 1998. By estimating a...
Persistent link: https://www.econbiz.de/10008599397
We analyze tournaments of heterogeneous players from an organizer’s perspective. Using a simple model of a noisy tournament, we demonstrate how the likelihood of selecting the best player, here termed the “predictive power” of a tournament, depends on the tournament format, the...
Persistent link: https://www.econbiz.de/10005357509
This study explores the characteristics of corporate charitable behavior in the Czech Republic and Slovakia. It is the first quantitative study for transition economies, analyzing data from two surveys for 577 and 162 firms over three (2001-2003) and five (2001-2005) years in the Czech Republic,...
Persistent link: https://www.econbiz.de/10005357515
The round-robin tournament format for N players is a scheme that matches players with one another in all possible N(N - 1)/2 pairwise comparisons. A noisy round-robin tournament adds the possibility of upsets, or noise, and hence reduces the power of the tournament to reveal the true ranking of...
Persistent link: https://www.econbiz.de/10005357526