Certification schemes for forest products are understood by many as a way to promote sustainable resource use when it is impossible to rely on direct enforcement of process standards. Based on the concept of ‘Self-Enforcing Contracts’, this study develops a market model that simulates the...

Im klassischen Modell von Diamond und Dybvig (1983) werden Bank-runs durch sich selbst erfüllende pessimistische Erwartungen der Anleger provoziert. Sie sind damit ein Sonnenflecken-Phänomen. Die spekulativen Runs können u.a. durch eine Einlagenversicherung vermieden werden. Allerdings...

In this paper a modified version of Bernanke and Blinder�s (1988) model of the bank lending channel of monetary policy under asymmetric information is presented. If, aside from reserve requirements, banks have to meet capital adequacy requirements as well, then the results suggested by...

Contrary to what is consistently assumed in the literature, the return function cannot be hump-shaped in the Stiglitz-Weiss (1981) model. This has important consequences for the possible occurrence of credit rationing and redlining. With a single class of borrowers, banks offer credit in two...

Electronic commerce and flexible manufacturing allow personalization of initially standardized products at low cost. Will customers provide the information necessary for personalization? Assuming that a consumer can control the amount of information revealed, we analyze how his decision...

ILO pub-WEP pub. Working paper on labour contract issues in rural area labour markets, comprising a case study of Kenya - discusses the theoretical background relating to resource allocation among the rural population, changes in rural factor markets including land ownership and agricultural...

The current US IPO market is inefficient and unfair. To protect their own balance sheets, US investment banks systematically underprice offerings. To ration the cheap securities, the investment banks utilize various nefarious nonprice rationing techniques, including kickbacks. Regulators should...

Till the early-1990s the collectively-bargained labour contract (between the trade-union that presented the employees, and the employer or the employers'- association) was the norm in Israel, granting salaried workers a stable and protected labour contract. Thereafter, and more significantly...

Compares conditions of academic tenure and its functional equivalent in post secondary education in selected Anglo-American countries and in countries governed by civil-service regimes. Draws conclusions regarding nomination and dismissal, the case of distant-study teaching, effects of brain...

Includes a list of relevant ILO Conventions.