This study investigates whether prior achievement or the prior ability is the important indicator of the use of school resource inputs and the predictor of academic achievement at secondary level in Pakistan. Prior achievement is the cumulative function of all the current and prior resource...

This study was conducted to find out the impact of student teacher ratio, class size and per student expenditure on the academic achievement of students at secondary stage in Punjab (Pakistan). Student teacher ratio, class size and per student expenditure are very important school resource...

This study investigates the impact of the prior school environment on academic achievement of students at the secondary stage in Punjab (Pakistan). School environment is a very important school resource input. All the indicators of school environment collectively produce an academic environment...

The paper investigates the impact of per pupil expenditures on the student achievement at secondary stage in rural and urban areas in Punjab. The researchers use the data of per pupil expenditure, pupil teacher ratio and student achievement at secondary stage. The study finds that impact of per...

Education is an essential input for economic development and is one of the basic human rights. Basically, education provides and contributes to the quality of human assets to achieve all development goals, such as poverty reduction, gender empowerment, improving human capital, and enhances...

Several recent papers argue that contracts provide reference points that affect ex post behavior. We test this hypothesis in a canonical buyer-seller relationship with renegotiation. Our paper provides causal experimental evidence that an initial contract has a highly significant and...

We present an international trade model with multiproduct firms. Firms are heterogeneously endowed with two types of capabilities that jointly determine the trade-off within firms between managing a large portfolio of products and producing at low marginal cost. The model can explain many of the...

This paper reports data from a laboratory experiment on two-period moral hazard problems. The findings corroborate the contract-theoretic insight that even though the periods are technologically unrelated, due to incentive considerations principals can benefit from offering long-term contracts...

We study a continuous-time game of strategic experimentation in which the players try to assess the failure rate of some new equipment or technology. Breakdowns occur at the jump times of a Poisson process whose unknown intensity is either high or low. In marked contrast to existing models, we...

We study endogenous group formation in tournaments employing experimental three-player contests. We find that players in endogenously formed alliances cope better with the moral hazard problem in groups than players who are forced into an alliance. Also, players who are committed to expending...