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examined in both the short run and long run. The book's unique application of economic theory to food safety decision making in … concepts are applied to food safety supply chains, such as, principal-agent theory and the economics of information. Authors …-Agent Theory, and International Challenges HACCP Implementation, Economic Incentives, and Benefit/Cost Analysis: U.S. Meat and …
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The social cost of carbon (SCC) is a monetary measure of the harms from carbon emission. Specifically, it is the reduction in current consumption that produces a loss in social welfare equivalent to that caused by the emission of a ton of CO2. The standard approach is to calculate the SCC using...
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Lack of transparency increases the probability of a banking crisis following financial liberalization. In a country where government policy is not transparent, banks may tend to increase credit above the optimal level. - Mehrez and Kaufmann investigate how transparency affects the probability of...
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This paper examines the pattern of foreign direct investment (FDI) in producer services. We develop a model of FDI in these services and test its predictions using panel data on U.S.FDI in 25 host countries from 1976 to 1995. We find evidence that, in addition to governmental and cultural...
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