In this study, we enrich a standard principal-agent model with hidden action by introducing salience-biased perception on the agent's side. The agent's misguided focus on salient payoffs, which leads the agent's and the principal's probability assessments to diverge, has two effects: First, the...

We report experimental evidence showing a positive effect of redistribution on economic efficiency via the self-enforcement of property rights, and identify which status groups benefit more and which less. We model an economy in which wealth is produced if players voluntarily comply with...

This paper analyzes the relationship between factor substitutability and the energy intensity of manufacturing firms. Specifically, we compare the degree of substitutability between the input factors capital, labor, energy, and material for firms with low, medium, and high energy cost shares...

We analyze a model of price competition between a transparent retailer and a deceptive one in a market where a fraction of consumers is naïve. The transparent retailer is an independent shop managed by its owner. The deceptive retailer belongs to a chain and is operated by a manager. The two...

The concentration of crop cultivation can be measured in terms of spatial clustering and of inequality in the distribution of the cropland area. We used official agricultural statistics at the county level (N = 2,354) for each year from 1980 to 2011 for all of China to analyse the changes in...

With increasing affluence in many developing countries, the demand for livestock products is rising and the increasing feed requirement contributes to pressure on land resources for food and energy production. However, there is currently a knowledge gap in our ability to assess the extent and...

The study makes an inquiry into the security of property (land) rights in Albania, making use of focus groups in a case study area of Albania. The paper addresses two types of subjective insecurity. First, we identified a subjective (perceived) insecurity of land owners resulting from the...

Повышение урожайности сельскохозяйственных культур играет решающую роль в удовлетворении растущего спроса на продовольствие в мире. Россия облада-ет...

As the global food system contributes significantly to global greenhouse gas (GHG) emissions, understanding the sources of GHG emissions embodied in different components of food systems is important. The collapse of the Soviet Union triggered a massive restructuring of the domestic food systems,...