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Incomplete and imperfect information for sales compensation
Valeanu, Raluca - In: Studies and Scientific Researches. Economics Edition (2010) 15
Sales force compensation represents the fix and / or variable payment by the company. To compensate agents based on the results, the company set a goal which is brought to their attention through the compensation plan. Applying the model of moral hazard, where the agent behavior cannot be...
Persistent link: https://www.econbiz.de/10008470719
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The Effects of Bailouts and Soft Budget Constraints on the Environment
Wood, Joel - In: Environmental & Resource Economics 54 (2013) 1, pp. 127-137
This paper investigates the effects of financial relief programs, commonly referred to as ‘bailouts’, on pollution. A …
Persistent link: https://www.econbiz.de/10010862770
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Art, Ethics, and Economics
Rider, Christine - In: Review of Social Economy 57 (1999) 3, pp. 263-277
A comparison of the neoclassical and the social economics paradigms, showing that the explicit inclusion of values enhances the explanatory value of social economics. This is illustrated by using literary examples to explain the difficulty the competitive model has in providing analyses and...
Persistent link: https://www.econbiz.de/10009200375
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Optimal Regulation of Private Production Contracts with Environmental Externalities
Bontems, Philippe; Dubois, Pierre; Vukina, Tomislav - In: Journal of Regulatory Economics 26 (2004) 3, pp. 287-301
We address the problem of optimal regulation of an industry where the production of a polluting output is contracted with independent agents. The provision of inputs is divided between the principal and the agent such that the production externality results from their joint actions. The main...
Persistent link: https://www.econbiz.de/10005542844
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A State-Contingent Production Approach to Moral-Hazard Problems with an Application to Point-Source Pollution Control.
Quiggin, J.; Chambers, R.G. - Research School of Pacific and Asian Studies, College … - 1995
Persistent link: https://www.econbiz.de/10005630776
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Environmental accidents under moral hazard and limited firm liability
Strand, Jon - In: Environmental & Resource Economics 4 (1994) 5, pp. 495-509
We study optimal government policy when firms' operations involve a risk of a large environmental accident, firms do not have sufficient assets to cover such costs, and the risk is affected by firms' efforts which are unobservable to outsiders. When firms' profits and government revenues have...
Persistent link: https://www.econbiz.de/10005722003
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Are Environmental Taxes Affected by Legislatures' Ideological Positions?
Miller, Sebastian; Vela, Mauricio A. - Inter-American Development Bank - 2013
Environmental taxes have been discussed as one of the main mechanisms to deal with environmental problems. Nonetheless, instruments of this type have rarely been implemented, and the adoption of new or higher environmental taxes has faced resistance in some countries. The purpose of this work is...
Persistent link: https://www.econbiz.de/10010944286
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Time inconsistency in environmental policy : Tax earmarking as a commitment solution
Marsiliani, L.; Renstrom, T.I. - Tilburg University, Center for Economic Research - 1999
Persistent link: https://www.econbiz.de/10011092588
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Efficiency Costs of Meeting Industry-Distributional Constraints under Environmental Permits and Taxes
Bovenberg, A.L.Bovenberg; Goulder, L.H.; Gurney, D.J. - Tilburg University, Center for Economic Research - 2003
Many pollution-related industries wield strong political influence and can e.ectively veto policy initiatives that … permits or by exempting some inframarginal emissions from a pollution tax.However, such policies compel the government to … this constraint diminishes relative to the other e.ciency costs of pollution-control.We also calculate the compensation …
Persistent link: https://www.econbiz.de/10011092519
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Contingent Capital; Economic Rationale and Design Features
Pazarbasioglu, Ceyla; Zhou, Jian-Ping; Leslé, Vanessa Le; … - International Monetary Fund (IMF) - 2011
The causes of the global financial crisis were multi-faceted but revealed still unresolved weaknesses in national and international financial oversight and resolution frameworks. In particular, many governments in the crisis-hit countries had to provide unprecedented levels of support to contain...
Persistent link: https://www.econbiz.de/10011245888