In a simple model of one public good producible from one input, we show that unit-by-unit cost-sharing rules have two properties. First, a unit-by-unit cost-sharing rulealways chooses a core allocation. Second, every allocation in the core will be chosen by at least one unit-by-unit cost-shring...

Jackson and Moulin (1992) proposed a simple mechanism to implement a wide class of cost-sharing rules for the provision of a binary public good. Bag (1997) generalized this mechanism to divisible public goods under the assumption of "constant marginal benefit." This paper generalizes the...

In many principal-agent relations, objective measures of the agents' performance are not available. In those cases, the principals have to rely on subjective performance measures for designing incentive schemes. Incentive schemes based on subjective performance measures open the possibilities...

Corporate bankruptcy prediction plays a central role in academic finance research, business practice, and government regulation. Consequently, accurate default probability prediction is extremely important. We propose to apply a discrete transformation family of survival models to corporate...

Innovativeness is an important organizational capability for competitive advantage sustainability in the dynamic environment of Asia's emerging economies. Drawing upon dynamic capability theory, this study develops a research model of organizational innovativeness development for firms in...