In order to choose the proper size of an infrastructure and to save as much as possible on investment costs, it is necessary for the responsible party (the Centre in the language of this report) to have access to information that is typically known only by some agents or partners who may use...

Twenty years ago, Harvard Business School economist and strategy professor Michael Porter stood conventional wisdom about the impact of environmental regulation on business on its head by declaring that well designed regulation could actually enhance competitiveness. The traditional view of...

Most of the analyses of small firms' decision to seek outside equity financing and the conditions thereof have concerned private firms. Knowledge of the risk and return of entrepreneurial ventures for outside investors is consequently limited. This paper attempts to fill this gap by examining...

La nécessité d'offrir une couverture universelle pour les soins essentiels est une valeur généralement reconnue. Toutefois, les coûts de santé sont devenus une préoccupation majeure des gouvernements de l'OCDE. Les dépenses en santé augmentent plus rapidement que la richesse dans de...

La plupart des organisations, sinon toutes, répartissent d'une manière ou d'une autre des coûts communs entre leurs diverses composantes ou encore entre leurs différents partenaires. Ces problèmes de partage de coûts communs se posent avec de plus en plus d'acuité car les règles de...

We consider the cost of providing incentives through tournaments when workers are inequity averse and performance evaluation is costly. The principal never benefits from empathy between the workers, but he may benefit from their propensity for envy depending on the costs of assessing...

We develop an econometric model where the determinants of work while in school, dropout and academic grades are set in the context of two types of high school students: those who favor schooling and those who are more inclined to access rapidly the labor market. The individuals contributions to...

We attempt to answer the following questions: What are the revaluation effects and the impact on performance, volatility, and return correlation from stock market liberalization in emerging markets? These questions have been studied extensively at the market-level but not at the firm level. Our...

We show that goal setting influences effort level, and that an appropriately set goal can enhance performance. We derive an inverted U-shaped relationship between the goal and the effort level. We then extend the model to a two-period framework, and demonstrate that the goal level set for period...

The purpose of this study was to examine the role of country and technological intensity in the choice of compensation policies, and the influence of such policies on market performance and turnover in high and low technological intensity firms. Using a survey of 602 large firms in three...