Purpose – Managerial nonpecuniary preferences have been emphasised by the behavioural theories of nonprofit organisation but only weakly related to this organisation's market failure theories. The present paper aims to fill this gap by examining the ways in which the market failure-addressing...

Poverty traps occurs when agents fail to coordinate their actions to achieve the optimal allocation of resources. It is argued that this phenomenon makes economic convergence impossible and keeps agents in a poverty trap from which they cannot escape unless a massive and coordinated industrial...

What interpretation of human flourishing, what ideas of value does capitalism in practice embody and promote? To address this question the paper clarifies first that "capitalism" must be understood as more than merely a system of private property and markets. It contains "the prerogative of...

Purpose – The purpose of this paper is first, to develop constructs to measure three important concepts in the supply chain literature: contracts, trust and market environment, in the Chinese context and to further investigate the relationships amongst these three concepts based on the...

Purpose – The purpose of this paper is to investigate whether earnings management that surpasses a threshold is associated with market mispricing. Design/methodology/approach – The paper examines the level of discretionary current accruals (DCA) as a proxy for earnings quality. Operationally...

This paper considers the potential role of marriage in improving labor market outcomes through the expansion of an individuals' networks. The impact of a father-in-law on a young man's career using panel data from China is studied here. [Bread Working Paper No.302]. URL:...

Purpose – The purpose of this paper is to present a qualitative study of economic development attempts to uncover the critical factors behind the recent economic rise of Viimsi, Estonia, to that of the wealthiest community in the country. Design/methodology/approach – The roles of and...

What interpretation of human flourishing, what ideas of value does capitalism in practice embody and promote? To address this question the paper clarifies first that ‘capitalism’ must be understood as more than merely a system of private property and markets. It contains ‘the...

We analyze the incidence and welfare effects of unit sales tax increases in experimental monopoly and Bertrand markets. We find, in line with economic theory, that firms with no market power are able to shift a high share of the tax burden to consumers, independent of whether buyers are...