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The thesis studies the potential of incentive contracts for politicians using game-theoretic methods. Supplementing the … election mechanism with these contracts is a new idea to make politicians more accountable. Two types of incentive contracts … enhance the accountability of politicians and to increase social welfare. …
Persistent link: https://www.econbiz.de/10009476167
Energy forecasts are widely used by the U.S. government, politicians, think tanks,and utility companies. While short …
Persistent link: https://www.econbiz.de/10009459147
This paper will discuss the bankruptcies experienced by U.S. automakers in both 1979 and 2009. The main factors which led the automakers into financial ruin was the uncontrolled power of labor unions, the severe financial impact of oil embargos, the aggressive imposition of federal regulations...
Persistent link: https://www.econbiz.de/10009468729
This essay highlights a phenomenon that has no place in the conventional theory of sophisticated business contracts: the term that makes no sense as an enforceable promise, one that defies functional explanation, one that drafters blush to rationalize in retrospect or chalk up to honest mistake....
Persistent link: https://www.econbiz.de/10009471591
There has been much debate over the past few decades regarding the desirability of implementing an Australian high-speed rail (HSR) system along the nation’s eastern seaboard. The cost of building such infrastructure has meant that governments have been reluctant to pursue its development....
Persistent link: https://www.econbiz.de/10009475219
The Nevada procurement laws for public agencies generally require open, competitive bidding for any item that exceeds $10,000. Public agencies are also required to accept the lowest "responsive" and "responsible" bid. A "responsive bid is one which has addressed all the requirements of the bid...
Persistent link: https://www.econbiz.de/10009458735
Die Dissertation wendet die fallgestützte Entscheidungstheorie (Case-Based Decision Theory) vorgeschlagen von Gilboa and Schmeidler (1995) auf Entscheidungen in Finanzmärkten an. Betrachtet werden sowohl das individuelle Portfoliowahlproblem eines Investors, wie auch Märkte, in denen...
Persistent link: https://www.econbiz.de/10009476229
Established in 1988, the Shingo Prize for Operational Excellence recognises organisations in the USA, Mexico and Canada …
Persistent link: https://www.econbiz.de/10009459022
effect). This study has practical implications for regulators, corporations and investors, both in the USA and abroad. …
Persistent link: https://www.econbiz.de/10009459069
Offshore outsourcing continues to gain prominence as the printing industrystrides into the future. With different segments of the industry looking at reducingcosts and, in exchange providing value-added services, more companies turntowards outsourcing services offshore as a solution. Although it...
Persistent link: https://www.econbiz.de/10009459219