This paper illustrates how trust in management can be consolidated through the order and mode of application of enforcement measures (negotiating and punitive enforcement measures) which are employed in facilitating and maximising compliance with rules. “Whilst negotiating strategies are...

Policy implications of complexity economics (CE) are investigated. CE deals with “Complex Adaptive (Economic) Systems” [CA(E)S], generally characterized by mechanisms and properties such as “emergence” of structure or some capacity of “self-organization”. With this, CE has manifold...

Chile provides an interesting setting to analyze vulnerability to poverty, especially today, after the last poverty count presented in 2013 by the Ministry of Planning. After twenty years of declining poverty, national indicators showed an increase in poverty from 13% in 2006 to 14% in 2011....

Major factors of efficiency of the economy of Ukraine, which influence is formalized in the form of valid regression models, are revealed. On the basis of the constructed models the forecast of dynamics of the basic parameters of efficiency of the economy of Ukraine for 2006-2007 is carried out....

In this book the author analyses three very important aspects of transition: human resources, foreign investments and financial sector. At the beginning there is an analysis of investments in human resources. It starts by definition and types of human resources, and continues with definition of...

We analyze how the possibility of resale affects efficiency in multi-object uniform-price auctions with asymmetric bidders using a combination of theory and experiments. The resale market is modeled as an unstructured bargaining game between auction bidders. Our experimental design consists of...

Microcredit, being the most unique form of antipoverty intervention in terms of its methodology and outreach, has generated considerable amount of disagreements in recent times. While there may be more serious disagreements surrounding microcredit, this article addresses whether or not...

In an industry where regulated firms interact with unregulated suppliers, we investigate the welfare effects of a merger between regulated firms when cost synergies are uncertain before the merger and their realization becomes private information of the merged firm. The optimal merger policy...

This chapter was written in 2007 in order to inform the diagnostic of Liberia’s Poverty Reduction Strategy. Little has been written on the education system in Liberia since the start of the conflict in large part because of lack of good data. The chapter provides a diagnostic of Liberia’s...

The issue of differentiating between FDI and FPI is related to the functional aspects of the investments. The internationally adopted definition which relies on a numerical benchmark of 10% is thus of limited practical utility for policy makers. However, because of its widespread adoption and...