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Township Village Enterprises (TVEs) have essentially contributed to China's economic development and institutional transformation over the last twenty years. One of the explanations for the mechanism of TVEs' growth is the co-operative culture theory which claims that Chinese - compared with...
Persistent link: https://www.econbiz.de/10010323611
We study the joint role of altruism and impatience, and the impact of evolution in the formation of long-term time preferences and in the determination of optimal consumption and optimal bequests. We show how the consumption paths of dynasties relate to altruism and to impatience, and we reason...
Persistent link: https://www.econbiz.de/10010323625
This paper constitutes a component of a larger research project. The larger project attempts to address two issues in international relations - - one substantive and theoretical, the second epistemological and ontological. The first issue, which will be the focus of this paper, considers the...
Persistent link: https://www.econbiz.de/10010323639
In emerging markets for high-value food products in developing countries, processing companies search for efficient ways to source raw material of consistent quality. One widely embraced approach is contract farming. But relatively little is known about the appropriate design of contracts,...
Persistent link: https://www.econbiz.de/10010330050
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We review the theoretical and empirical literature on commitment devices. A commitment device is any arrangement, entered into by an individual, with the aim of making it easier to fulfill his or her own future plans. We argue that there is growing empirical evidence supporting the proposition...
Persistent link: https://www.econbiz.de/10010282734