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Salience and Its Implications for Common-Pool Resource Management in Scotland: A Tragedy of a Different Kind?

Brown, Katrina Myrvang; Slee, Bill - 2002

"In past contributions to CPR theory, the issue of salience/dependence on a resource has been flagged up as a one of a number of significant factors for robust CPR management. Nevertheless, few authors have pursued the matter in greater depth other than to assert that if the salience or...

Persistent link: https://www.econbiz.de/10009468341

INCORPORATING RISK PREFERENCES INTO REAL OPTIONS MODELS

Isik, Murat - 2004

This paper develops a framework to link the expected utility analysis to real options models in order to capture the joint effects of risk aversion and irreversibility associated with real investments. It aims at modifying the theory of investment under uncertainty by incorporating decision...

Persistent link: https://www.econbiz.de/10009443612

Effective Financial Incentive Mechanisms: An Australian Study

Rose, Timothy; Manley, Karen - 2007

The use of financial incentives in construction projects has been seen as a way to improve short term motivation, collaboration and reinforce long term commitment between project stakeholders. Yet, very little empirical research has been conducted into how financial incentives should be applied...

Persistent link: https://www.econbiz.de/10009437563

A conceptual framework to investigate the optimisation of financial incentive mechanisms in construction projects

Rose, Timothy M.; Manley, Karen - 2005

incentive mechanisms take many forms in construction contracts, including: profit sharing in cost plus incentive contracts …, bonus performance provisions attached to various lump sum and cost reimbursable contracts, and multiple financial incentive …

Persistent link: https://www.econbiz.de/10009437675

Aligning project stakeholder motivation through incentivisation : a client-driven approach

Rose, Timothy M.; Manley, Karen - 2010

The use of appropriate financial incentives within construction projects can contribute to strong alignment of project stakeholder motivation with project goals. However, effective incentive system design can be a challenging task and takes skillful planning by client managers in the early...

Persistent link: https://www.econbiz.de/10009437867

Motivating construction organisations through incentives : a case study for client-side project managers

Rose, Timothy M.; Manley, Karen - 2010

Client-side project managers face challenges in motivating project organisations to pursue exceptional design and construction performance. One approach to improving the motivation of project organisations is by offering a financial incentive reward for the achievement of voluntary performance...

Persistent link: https://www.econbiz.de/10009437942

Seasoning a Monopsonic Processor for Collective Action amongst Pepper Producers in Costa Rica

Saenz-Segura, Fernando J.F.; Schipper, Robert A.; … - 2006

collectively. They started organizing the selection and transport of pepper and entered into group contracts with the firm. We use … a non-linear integer simulation model to predict the price level and contractual form (individual or group contracts … for the high supply season,whereas individual contracts are chosen only in the low supply season assuming joint profit …

Persistent link: https://www.econbiz.de/10009442448

Contracts, Transaction Costs and Agricultural Production in the Pampas

Lema, Daniel - 2006

This paper presents an analysis of agricultural contracts using a transaction costs approach. We contend that in a … context of modern agriculture, with well defined property rights, agricultural contracts must balance costs and benefits … and duration of contracts, over soil conservation and input use. We present empirical evidence about the effects over the …

Persistent link: https://www.econbiz.de/10009442522

Managing a Common Renewable Resource in Asymmetric Information

Catro, D. Fuentes; Jayet, Pierre-Alain; Rotillon, Gilles - 2000

The clear definition of property rights is not a sufficient condition to prevent congestion effects in commons. In this paper we present how interesting can be the coordination among owners in the preservation of the common good. Our approach takes into account economic dynamics and incentive...

Persistent link: https://www.econbiz.de/10009443834

Strategic Interactions, Risks and Coordination Costs in Food Marketing Channels: The Mediating Role of Futures Markets

Kuwornu, John K.M.; Kuiper, W. Erno; Pennings, Joost M.E.; … - 2006

We examine the interaction of marketing channel members and the influence of these interactions on incentives, coordination costs, and risk allocation strategies in a food marketing channel. For this purpose we specify a three-stage principal-agent marketing channel model involving producers,...

Persistent link: https://www.econbiz.de/10009445153