Showing 1 - 10 of 232
A look at potential project structures for use in integrated land use and mass transit projects. Four potential structures are put forward each with different profiles of public sector involvement. The dedicated pursuit of Transit Oriented Development involves significant policy challenges,...
Persistent link: https://www.econbiz.de/10009448334
Privately Financed Infrastructure (PFI) projects are characterized by huge and irreversible investments and are faced with various risks. Project performance risks, such as project completion time and costs, affect the project value significantly, particularly in project development phase. This...
Persistent link: https://www.econbiz.de/10009450690
This paper investigates the effect of correlation and volatilities of firm and project cash flows on the choice of project finance. I use a pure-play approach to measure unobservable project cash flows for a sample of 440 US and non-US firms that invested in 577 projects from 1990 to 2008 and...
Persistent link: https://www.econbiz.de/10009463375
Islamic finance – financial institutions, products and services designed to comply with the central tenets of Sharia (Islamic law) – is one of the most rapidly growing segments in global financial services. However, despite its growing importance, it is only relatively recently that attempts...
Persistent link: https://www.econbiz.de/10009457620
theory ofIslamic finance evolved on the basis of profit and loss sharing (PLS) principleunderlying participatory Islamic … financial contracts. However, the practice ofIslamic finance does not conform to the theory and overwhelmingly relies onthe mark ….The present research inquires the causes underlying the negligence ofthe mark-up mechanism at the time when the theory was …
Persistent link: https://www.econbiz.de/10009461305
"The common-property literature has often focused on the question of efficiency. Here we consider distributional issues instead. How should the benefits of the commons (say, a fishery) be distributed? We approach the question from the viewpoint of ownership rather than income redistribution. "A...
Persistent link: https://www.econbiz.de/10009468330
"Institutional approaches to social dilemmas have so far focused on how to create incentive structures that channel individuals' behavior into socially desirable outcomes assuming that everyone is selfish. However, the presumption of universal selfishness is not only empirically invalid but may...
Persistent link: https://www.econbiz.de/10009468335
of the commons.' This dissertation combines the tools of game theory and experimental methods to gain a broader …
Persistent link: https://www.econbiz.de/10009468337
"In this study, individual level behavior is investigated in the context of computer assisted voluntary contribution mechanism public good (VCM) provision experiments and common pool resource (CPR) appropriation experiments. Previous studies of these environments have concentrated on aggregate...
Persistent link: https://www.econbiz.de/10009468340
"In past contributions to CPR theory, the issue of salience/dependence on a resource has been flagged up as a one of a … high. However, cases do exist of CPRs in which this assumption does not hold, and consequently, related theory proves to be … into question the possibility and utility of constructing a coherent CPR meta-theory." …
Persistent link: https://www.econbiz.de/10009468341