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This paper uses a reduced form credit risk model to determine fair lending rates for micro-finance loans. A fair …
Persistent link: https://www.econbiz.de/10012927076
Persistent link: https://www.econbiz.de/10013270401
A considerable and increasing share of foreign aid stems from private donations. Hence, individual donors can increase social welfare in developing countries by directing their funds to the most effective NGOs. Surprisingly few studies have analyzed whether private donors care about aid...
Persistent link: https://www.econbiz.de/10011305166
Philanthropy is one way in which people find expression for their interests and passions. And when passion is brought together with strategic thinking and planning, philanthropy can touch lives, build bridges between people, and link personal experiences with wider needs and societal structures,...
Persistent link: https://www.econbiz.de/10012765415
We study the effects of envy on the feasibility of relational contracts in a standard moral hazard setup with two agents. Performance is evaluated via an observable, but non-contractible signal which reflects the agent's individual contribution to firm value. Both agents exhibit disadvantageous...
Persistent link: https://www.econbiz.de/10003402360
organizational prosperity. In the current paper, the perceptions of organizational justice are investigated as a precursor to two …
Persistent link: https://www.econbiz.de/10012821308
The article is concerned with understanding the impact of social preferences and wealth inequality on aggregate economic outcomes. We investigate how different manifestations of other-regarding preferences affect incentive contracts at the microeconomic level and how these in turn translate into...
Persistent link: https://www.econbiz.de/10012421506
justice in the context of the dimensions of organizational justice in Lithuania and Poland. The starting point for the … research was the identification the essence of evaluation of remuneration justice from the perspective of management sciences …. Conclusions drawn from the analysis of the views on organizational justice allowed to define the key aspects of remuneration …
Persistent link: https://www.econbiz.de/10012503275
Non-market organizations always rely on authority, instead of negotiation and exchange, to allocate resources. However, as Arrow (1974) stressed, "Disobedience to orders, organized or unorganized, frequently sets limits to authority." In this paper, we develop a fairness-based obedience theory...
Persistent link: https://www.econbiz.de/10012909030
The fluctuations in incomes inherent in rural communities can be attenuated by reciprocal insurance. We develop a model of such insurance based on self-interested behaviour and voluntary participation. One individual assists another only if the costs of so doing are outweighed by the benefits...
Persistent link: https://www.econbiz.de/10011409391