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Has world poverty really fallen during the 1990s?
Reddy, Sanjay G.; Minoiu, Camelia - EconWPA - 2005
We evaluate the claim that world consumption poverty has fallen during the 1990s in light of alternative assumptions about the extent of initial poverty and the rate of subsequent poverty reduction in China, India, and the rest of the developing world. We assess the extent of poverty using two...
Persistent link: https://www.econbiz.de/10005062424
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Intergenerational Earnings Mobility Among the Children of Canadian Immigrants
Aydemir, Abdurrahman; Chen, Wen-Hao; Corak, Miles - EconWPA - 2005
We analyze the intergenerational income mobility of Canadians born to immigrants using the 2001 Census. A detailed portrait of the Canadian population is offered as are estimates of the degree of generational mobility among the children of immigrants from 70 countries. The degree of persistence...
Persistent link: https://www.econbiz.de/10005556850
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Trade Liberalisation and Poverty in Nepal A Computable General Equilibrium Micro Simulation Analysis
Cockburn, John - EconWPA - 2004
Concern is growing regarding the poverty impacts of trade liberalization. The strong general equilibrium effects of trade liberalization can only be properly analysed in a CGE model. However, the aggregate nature of CGE models is not suited to detailed poverty analysis. We bridge this gap by...
Persistent link: https://www.econbiz.de/10005407655
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Why Are There Explicit Contracts of Employment?
James, Harvey; Johnson, Derek - EconWPA - 2002
understanding of two fundamental problems that arise when agency relationships are established between a worker and firm. The first … is that agency relationships often require the creation of specific property rights in order for firm owners to realize … productive efficiencies of scale or scope from agency. The second is that the economic characteristics of the agency relationship …
Persistent link: https://www.econbiz.de/10005076642
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Corporate Diversification and Agency
Hermalin, Benjamin E.; Katz, Michael L. - EconWPA - 1994
can otherwise be explained by, the agency relationship between securities holders and managers. We argue that the value of … diversification in an agency relationship derives not from its effects on risk, but rather from its effects on the principal …
Persistent link: https://www.econbiz.de/10005134525
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Why Funds of Funds?
Lai, Richard Kum-yew - EconWPA - 2005
Private equity funds of funds (FOFs) have become big business. Today, FOFs form 14% of new money raised. I test six explanations for the rise of FOFs. First, I find that FOFs do not generally deliver superior returns. They do, however, do well enough for the limited partners (LPs) that hire...
Persistent link: https://www.econbiz.de/10005134791
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Three Union Regulations for Environment Protection Agency: A Game with 12 bank notes
Mullat, Joseph - EconWPA - 2001
the interaction of interests between companies and environment protection agency, which takes into account the nature …
Persistent link: https://www.econbiz.de/10005407567
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AGENCY, ASSOCIATIONS AND CULTURE: A THALE OF STATE AND SOCIETY
Talpos, Ioan; Dima, Bogdan; Enache, Cosmin; Mutascu, … - EconWPA - 2005
theoretical foundation, elements resumed by a set of critical postulates and a special definition of state as the dominant agency …
Persistent link: https://www.econbiz.de/10005408429
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Do Tender Offers Create Value? New Methods and Evidence
BHAGAT, SANJAI; DONG, MING; HIRSHLEIFER, DAVID A.; … - EconWPA - 2004
We develop the Probability Scaling Method, which rescales short-window announcement period returns; and the Intervention Method, which uses returns associated with intervening events, to estimate value improvements from tender offers. These methods address biases in conventional techniques,...
Persistent link: https://www.econbiz.de/10005413073
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A Tale of Two Wages: Separating Contract from Governance
Harvey S. James Jr. - EconWPA - 1997
This paper distinguishes between governance structure and contractual form. The basic premise is that researchers often confuse these two concepts when they develop or empirically test models within the transaction cost framework. In the paper I utilize a simple principal- agent model to show...
Persistent link: https://www.econbiz.de/10005561837