Showing 1 - 9 of 9
This paper surveys some recent developments in contract theory and illustrates how this theory might be useful for … surveying contract theory to identify key economic distortions that can potentially justify government involvement. Next, the …, controversial aspects of real-world agricultural contracts are highlighted and lessons from the theory are used to determine whether …
Persistent link: https://www.econbiz.de/10009398508
Although there has been a policy thrust towards making all Australians more cognisant of the relative scarcity of water resources, the approach adopted for urban dwellers differs markedly from that applied to irrigators. These differences are examined from a property-rights perspective focussing...
Persistent link: https://www.econbiz.de/10009398678
Australian and New Zealand environmental economists have played a significant role in the development of concepts and their application across three fields within their subdiscipline: non-market valuation, institutional economics and bioeconomic modelling. These contributions have been spurred...
Persistent link: https://www.econbiz.de/10009398722
Persistent link: https://www.econbiz.de/10008549764
Persistent link: https://www.econbiz.de/10008495603
The paper is based on a broader study of three authors: Mlcoch, Machonin and Sojka. The underestimation of institutions both formal and informal ones, including business ethics was the key weakness of ex-Prime Minister Václav Klaus Czech way of transition during 1989-99. Then, the rhetoric of...
Persistent link: https://www.econbiz.de/10008495820
provisions of the institutional economic theory and the concept of transactions. …
Persistent link: https://www.econbiz.de/10011131919
Despite more than half-century history of the 'human capital' concept a lot of questions about the internal structure of human capital still remain open. The article covers the issue of specifying the list of human capital components. The study has emphasized that depending on the nature and set...
Persistent link: https://www.econbiz.de/10010755975
Despite more than half-century history of the 'human capital' concept a lot of questions about the internal structure of human capital still remain open. The article covers the issue of specifying the list of human capital components. The study has emphasized that depending on the nature and set...
Persistent link: https://www.econbiz.de/10010757209