Showing 1 - 10 of 3,352
This paper is an attempt to assess the extent to which the behaviour of anindividual is the result of the constraints that he or she faces – factorsbeyond individual control - or the result of the exercise of his or herpreferences. The study concentrates on participation or non-participationin...
Persistent link: https://www.econbiz.de/10009354073
The world’s climate is changing, due mainly to human behaviour, and the effects are predicted tointensify progressively. Already the insurance industry is faced with significant challenges, such asthe increase in flood risk in the UK. However, the need to manage climate change risks...
Persistent link: https://www.econbiz.de/10005870202
important issues of public concern. The themefor the 1997 Section F Meeting of “Equality and Opportunity” surely satisfied …
Persistent link: https://www.econbiz.de/10008756567
Given the emphasis in recent welfare economics, political philosophy andsocial policy on the concept of opportunity … of constraint has become pressing. But all approaches tomeasuring choice and opportunity are confronted by their …, by incorporating a check for unobserved constraints,shows that the concept of opportunity can be operationalised …
Persistent link: https://www.econbiz.de/10008766033
Welfare to work policy is central to British reforms of itswelfare state and social security system. We are not alonein our desire to assist unemployed and other claimants tofind and retain work. It is therefore important to be able tolook to other countries and consider lessons that could...
Persistent link: https://www.econbiz.de/10008845682
This paper provides an axiomatic approach to the problem of measuring the informationcontained in opportunity sets. In … many choice situations, the items that can be selectedfrom an opportunity set (the objects of choice) do not coincide with …
Persistent link: https://www.econbiz.de/10005869347
Suggesting a three dimensional model for virtualization, this paper examines the strategic movements companies may perform in order to become virtual corporations. Literature research and qualitative data from German banks demonstrate plausibility of the model and lead to specific questions to...
Persistent link: https://www.econbiz.de/10005853498
[...]In this paper, after first surveying housing costs in theUnited States, we examine why the expensive places have suchhigh housing costs. High-cost places generally have either veryattractive local amenities (great weather or good schools) orstrong labor markets. The Rosen (1979) and Roback...
Persistent link: https://www.econbiz.de/10005869785
The paper analyzes the existence and impact of …financing constraints as a possiblyserious obstacle to innovation by …firms. Direct measures of fi…nancing constraints areemployed using survey data collected by the Banque de France and Eurostat, whichovercomes the problems with the traditional...
Persistent link: https://www.econbiz.de/10008911508
This paper analyzes the investment timing of firms facing two dimensions of financingconstraints: Liquidity constraints and capital market frictions inducing financing costs. We showthat liquidity constraints are not sufficient to explain voluntary investment delay. However, whenadditionally...
Persistent link: https://www.econbiz.de/10008911536