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Persistent link: https://www.econbiz.de/10011399093
ultimately replaced in what follows. The formal point of reference is "the integrated approach to credit, money, income … Theory ; Income ; Profit ; Distributed Profit ; Money ; Flow ; Residual ; Transaction Matrix ; General Complementarity … that the accounting approach could do even better, provided it frees itself from theoretically ill-founded notions like GDP …
Persistent link: https://www.econbiz.de/10009618905
Although firms devote a great deal of resources to promoting high ethical standards, little is known about how deceptive information transmission affects behavior in these environments. We find evidence for ripple effects of deceptive reporting—that victims of lies pay lies forward—and show...
Persistent link: https://www.econbiz.de/10011518977
Hydraulic fracturing has been a game changer for the energy field, bringing to mind the “nothing in excess” carving at Delphi. Whether heeding ancient oracles or cutting-edge principles of calibration, I argue that dynamic governance innovation can facilitate climate-energy-water balancing...
Persistent link: https://www.econbiz.de/10013086229
Although rebates are widely employed, redemption is not effort-free, and the hassle of redemption is an important decision variable for buyers. The current research examines the impact of hassle cost on optimal rebate strategy. An analytical model is developed that simultaneously determines the...
Persistent link: https://www.econbiz.de/10012907028
Property law plays a crucial role in the ability of groups, especially ones composed of geographically-adjacent members, to establish and maintain significant forms of quot;communityquot; around a social, economic, or ideological shared interest. Property may also have, however, the opposite...
Persistent link: https://www.econbiz.de/10012766684
We present an agent-based model to test two competing hypotheses in the theory of self-enforcing agreement. In cooperative teams (such as agricultural cooperatives), self-enforcing agreement plays a critical role in guaranteeing members' work incentives when the monitoring from a third party is...
Persistent link: https://www.econbiz.de/10013004516
An “information cascade” occurs when initial decisions coincide in a way that it is optimal for each of the subsequent individuals to ignore her or his private signals and follow the established pattern. Moscarini et. al (1996) developed a social learning model hitherto unexplored in an...
Persistent link: https://www.econbiz.de/10013053636
When physically similar products, of similar quality, are offered by retailers both online and offline, we often observe that the dispersion in prices of these products online is greater than the price dispersion offline. This observation runs counter to early theories that suggested price...
Persistent link: https://www.econbiz.de/10012929489
This paper uses an estimated structural model to argue that the option to move in and out of the parental home is an important insurance channel against labor market risk for youths who do not attend college. Using data from the NLSY97, I construct a new monthly panel of parent-youth coresidence...
Persistent link: https://www.econbiz.de/10013146358