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Should We Use Distributional Weights in CBA When Income Taxes Can Deal with Equity?
Johansson-Stenman, Olof - Nationalekonomiska institutionen, Handelshögskolan - 2001
weights, equal to the social marginal utility of income, should be applied in cost-benefit analysis, given weak separability …
Persistent link: https://www.econbiz.de/10005651662
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Testing Hicksian Separability Over Space
Gibson, John; Kim, Bonggeun - Department of Economics, Waikato Management School - 2013
If relative prices of goods within a commodity group are constant, Hicksian separability lets the price of a single … estimating demand systems from household survey data also rely on Hicksian separability. Yet this restriction, and its weaker …
Persistent link: https://www.econbiz.de/10010897140
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Group Identity and Relation-Specific Investment: An Experimental Investigation
Morita, Hodaka; Servátka, Maroš - Department of Economics and Finance, College of … - 2012
The hold-up problem has played a central role in the study of firm boundaries, which is a fundamental element of the economic study of organizations. We study a previously unex-plored mechanism by which integration between two parties could resolve the problem. Based on the social identity...
Persistent link: https://www.econbiz.de/10010907436
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A Model of Dynamic Balance among the Three Spheres of Society – Markets, Governments, and Communities – Applied to Understanding the Relative Importance of Social Capital and Socia...
Wicks, Rick - Nationalekonomiska institutionen, Handelshögskolan - 2008
fields make use of a taxonomy of society consisting of three “spheres”: markets, governments, and communities. It is argued … here that this tripartite taxonomy of society is fundamental and exhaustive. A variety of ways of understanding this … taxonomy are explored, especially Fiske’s (1991, 2004) Relational Models theory. Then – after communities and their products …
Persistent link: https://www.econbiz.de/10005025464
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Are all Scales Optimal in DEA? Theory and Empirical Evidence
Førsund, Finn R.; Hjalmarsson, Lennart - Nationalekonomiska institutionen, Handelshögskolan - 2002
Policy recommendations concerning optimal scale of production units often have serious implications for the restructuring of a sector, while tests of natural monopoly have important implications for regulatory structure. The piecewise linear frontier production function framework is becoming the...
Persistent link: https://www.econbiz.de/10005771207
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Modeling the Effects of Economic Behavior in Determining the Organization of Society
Wicks, Rick - Nationalekonomiska institutionen, Handelshögskolan - 2006
The three “spheres” of society (governments, markets, and communities) are widely acknowledged yet the overall organization is analyzed only rarely, and interactions between the spheres have perhaps never been modeled. Fiske’s four relational models (community-sharing, authority-ranking,...
Persistent link: https://www.econbiz.de/10005423909
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Efficiency, Technical Progress, and Best Practice in Chinese State Enterprises (1980-1994)
Zheng, Jinghai; Liu, Xiaxuan; Bigsten, Arne - Nationalekonomiska institutionen, Handelshögskolan - 2000
In spite of rapid economic growth and swift structural change during the last two decades, China’s industrial reform is far from complete, especially with regard to state enterprises (SOEs). Although troubled with huge financial losses, heavy debt, and substantial over-staffing, SOEs will...
Persistent link: https://www.econbiz.de/10005651693
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Group Identity and Relation-Specific Investment: An Experimental Investigation
Morita, Hodaka; Servátka, Maroš - Department of Economics and Finance, College of … - 2011
The hold-up problem has played a central role in the study of firm boundaries that originated with the pathbreaking essay by Coase (1937). This paper studies a previously unexplored mechanism through which integration could resolve the hold-up problem. Based on Tajfel and Turner’s (1979)...
Persistent link: https://www.econbiz.de/10008800744
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Does Group Identity Prevent Inefficient Investment in Outside Options? An Experimental Investigation
Morita, Hodaka; Servátka, Maroš - Department of Economics and Finance, College of … - 2014
We study whether group identity helps mitigate inefficiencies associated with appropriable quasi-rents, which are often created by relationship-specific investments in bilateral trade relationships. Based on previous findings that group identity strengthens other-regarding preferences, we...
Persistent link: https://www.econbiz.de/10011120420
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Symbols, Group Identity and the Hold-up Problem
Morita, Hodaka; Servátka, Maroš - Department of Economics and Finance, College of … - 2011
Groups, companies, and organizations identify themselves via symbols. Symbols have the potential to create group identity and at the same time create group boundaries, thus allowing for achieving the benefits of cooperation by ingroup members. We use a laboratory experiment to study the role of...
Persistent link: https://www.econbiz.de/10009371392