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genesis in the Gilded Age. Focusing on the crucial role of imperfect and asymmetric information in the operation of …Intro -- Inside the Business Enterprise Historical Perspectives on the Use of Information -- Contents -- Introduction … -- 1. Business History and Recent Economic Theory: Imperfect Information, Incentives, and the Internal Organization of …
Persistent link: https://www.econbiz.de/10012684392
There is no universally accepted definition of a currency crisis, but most would agree that they all involve one key element: investors fleeing a currency en masse out of fear that it might be devalued, in turn fueling the very devaluation they anticipated. Although such crises-the Latin...
Persistent link: https://www.econbiz.de/10013042239
Since banking systems play a crucial role in maintaining the overall health of the economy, the adverse effects of poorly supervised systems may be quite severe. Without some form of vigilant external oversight, banking systems could fall prey to excessive risk taking, moral hazard, and...
Persistent link: https://www.econbiz.de/10014487931
Standard economic models assume that many small investors own firms. This is so in most large U.S. firms, but wealthy individuals or families generally hold controlling blocks in smaller U.S. firms and in all firms in most other countries. Given this, the lack of theoretical and empirical work...
Persistent link: https://www.econbiz.de/10014488228
Not-for-profit organizations play a critical role in the American economy. In health care, education, culture, and religion, we trust not-for-profit firms to serve the interests of their donors, customers, employees, and society at large. We know that such firms don't try to maximize profits,...
Persistent link: https://www.econbiz.de/10014488262
, and with improved communication and the emergence of new information and technologies, the potential for adaptation will …
Persistent link: https://www.econbiz.de/10014482616
Criminal justice expenditures have more than doubled since the 1980s, dramatically increasing costs to the public. With state and local revenue shortfalls resulting from the recent recession, the question of whether crime control can be accomplished either with fewer resources or by investing...
Persistent link: https://www.econbiz.de/10014482626
Persistent link: https://www.econbiz.de/10013480759
genesis in the Gilded Age. Focusing on the crucial role of imperfect and asymmetric information in the operation of …
Persistent link: https://www.econbiz.de/10014488163
Social Security Programs and Retirement around the World represents the second stage of an ongoing research project studying the relationship between social security and labor. In the first volume, Jonathan Gruber and David A. Wise revealed enormous disincentives to continued work at older ages...
Persistent link: https://www.econbiz.de/10012675843