Showing 1 - 10 of 148
equity and labour markets. Equity positively affects money demand through wealth effects, as equities are a significant store … of household wealth and thus part of a financial transaction motive. Negative substitution effects through the expected …
Persistent link: https://www.econbiz.de/10005866912
This paper studies organizations with autocratic decisionmaking.
Persistent link: https://www.econbiz.de/10005843663
A model is analyzed in which agents exert effort to create innovations within an organization. When payments are infeasible, the decision on the implementation of a proposal is shown to bemadeby simplemonotonic decision rules. A trade-off arises between the use of information and the incentives...
Persistent link: https://www.econbiz.de/10005845884
our finding in the sense that shareholder protection confers authority to the board that oversees and controls the …
Persistent link: https://www.econbiz.de/10005858153
Seit Jahren bildet das Für und Wider einer Besteuerung von Vermögen einen integralen Bestandteil der Steuerreformdiskussionen in Deutschland.Anlaß für die erneute Diskussion ist der vom SPD-Parteivorstand beschlossene Leitantrag,in dem eine zusätzliche Belastung großer Vermögen für die...
Persistent link: https://www.econbiz.de/10005843010
A methodology for measuring public agricultural research capital is developed anddescribed for the first time, new public agricultural research capital measures for each of the 48contiguous US states, 1970-1999, are presented, and a new econometric analysis of the contributionof public...
Persistent link: https://www.econbiz.de/10009360750
In this paper we attempt to assess empirically the capability set ofthe disabled. We formulate the assumptions under which capability canbe interpreted as needs-adjusted disposable household income, and useequivalence scales methodology to estimate it for households in the UK.We identify a...
Persistent link: https://www.econbiz.de/10005866850
We describe Amartya Sen’s Capability Approach to welfare evaluationin the language of standard welfare economics, and assess to what extentit provides a genuine alternative for individual welfare measurement andpolicy evaluation. We review the nascent empirical literature on the...
Persistent link: https://www.econbiz.de/10005866856
The paper addresses two questions. First, is item nonresponse (INR) a precursor of panelattrition (UNR), as predicted by the theory of a latent cooperation continuum, or is theinterrelation of another type? Second, are the results in models of item nonresponse behavioraffected by a selectivity...
Persistent link: https://www.econbiz.de/10005867968
This paper examines the role of bequests and of taxation on bequests for the distributionof wealth. We investigate a … inequality of wealth since they raise private savings andhence average wealth holdings more than the variance of wealth. From a … wealth inequality. …
Persistent link: https://www.econbiz.de/10005868349