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Author: Dennis D. Fehrenbacher Publisher: Springer Science & Business Media ISBN: 3642335993 Category : Business & Economics Languages : en Pages : 265
Book Description
Monetary incentives, as a driving force for human behavior, are the main theme of this book. The primary goals underlying the application of monetary incentive systems in companies are motivating employees to strive for superior productivity in line with the interests of employers, and hiring adequately skilled employees. The first goal refers to incentive effects, the latter to sorting effects. This book introduces important theories and concepts concerning behavior under influence of monetary incentives; it reviews existing economic frameworks and identifies specific contingency variables. Based on an integrative framework of elements influencing incentive and sorting effects, a laboratory experiment is presented including detailed methodological discussion on experimentation and data analysis as well as an extensive presentation of findings and discussion of implications.
Author: Dennis D. Fehrenbacher Publisher: Springer Science & Business Media ISBN: 3642335993 Category : Business & Economics Languages : en Pages : 265
Book Description
Monetary incentives, as a driving force for human behavior, are the main theme of this book. The primary goals underlying the application of monetary incentive systems in companies are motivating employees to strive for superior productivity in line with the interests of employers, and hiring adequately skilled employees. The first goal refers to incentive effects, the latter to sorting effects. This book introduces important theories and concepts concerning behavior under influence of monetary incentives; it reviews existing economic frameworks and identifies specific contingency variables. Based on an integrative framework of elements influencing incentive and sorting effects, a laboratory experiment is presented including detailed methodological discussion on experimentation and data analysis as well as an extensive presentation of findings and discussion of implications.
Author: Pankaj Tandon Publisher: Taylor & Francis ISBN: 1040085814 Category : Business & Economics Languages : en Pages : 451
Book Description
This book provides a comprehensive analysis of the theoretical tools, real-world applications, policy implications and corner solutions of microeconomics. It offers a discussion of all significant topics including applications and extension of consumer theory, theory of the firm, production, cost and supply, partial and general equilibrium, welfare economics, uncertainty and information, and market imperfections as well as a detailed overview of the theory of games. Apart from all the topics receiving both the algebraic and geometric treatment, the other distinguishing features of the book are an emphasis on policy implications and a full treatment of corner solutions. This latter feature has arisen out of the realization that students easily master interior solutions by memorizing the standard first-order conditions but do not necessarily understand the underlying concepts. Complete with several original algebraic derivations and graphical expositions, this book will serve as an indispensable textbook for students of microeconomics. The book will be useful to students, researchers, and teachers of economics, international economics, industrial economics, managerial economics, and agricultural economics. It will also be a useful reference for those studying public policy and law.
Author: Gerald A. Feltham Publisher: Springer Science & Business Media ISBN: 9400926677 Category : Business & Economics Languages : en Pages : 412
Book Description
The three coeditors knew John Butterworth for many years and had worked closely with him on a number of research projects. We respected him as a valuable colleague and friend. We were greatly saddened by his untimely death. This book is an attempt to remember him. We dedicate the volume to John with thanks for the contributions he made to our research, to the Faculty of Commerce and Business Administration at the University of British Columbia, and to the accounting profession. This volume contains twelve invited papers on the general topic of the economic theory of information and contracts. We asked leading scholars who had known John to contribute papers. The response was very gratifying. The authors provided us with new strong research papers that should make a lasting contribution to the accounting and information economics research literature, and make us all proud to have put this volume together. The research papers in the volume are in three sections: information evaluation in multi person conte)l:ts; contracting in agencies under moral hazard; and contracting in agencies with private information. We begin part I with Jerry Feltham's review of John Butterworth's pioneering contributions to the accounting and information economics literature. This is followed by an introduction to the papers in the volume and the papers themselves.
Author: Kaare Strøm Publisher: Oxford University Press ISBN: 0199291608 Category : Political Science Languages : en Pages : 784
Book Description
Comparative Politics is a series for students and teachers of political science that deals with contemporary issues in comparative government and politics. The General Editors are Max Kaase, Professor of Political Science, Vice President and Dean, School of Humanities and Social Science, International University Bremen, Germany; and Kenneth Newton, Professor of Comparative Politics, University of Southampton. The series is published in association with the European Consortium for Political Research. Today, parliamentarism is the most common form of democratic government. Yet knowledge of this regime type has been incomplete and often unsystematic. Delegation and Accountability in Parliamentary Democracies offers new conceptual clarity on the topic. This book argues that representative democracies can be understood as chains of delegation and accountability between citizens and politicians. Under parliamentary democracy, this chain of delegation is simple but also long and indirect. Principal-agent theory helps us to understand the perils of democratic delegation, which include the problems of adverse selection and moral hazard. Citizens in democratic states, therefore, need institutional mechanisms by which they can control their representatives. The most important such control mechanisms are on the one hand political parties and on the other external constraints such as courts, central banks, referendums, and supranational institutions such as those of the European Union. Traditionally, parliamentary democracies have relied heavily on political parties and presidential systems more on external constraints. This new empirical investigation includes all seventeen West European parliamentary democracies. These countries are compared in a series of cross-national tables and figures, and seventeen country chapters provide a wealth of information on four discrete stages in the delegation process: delegation from voters to parliamentary representatives, delegation from parliament to the prime minister and cabinet, delegation within the cabinet, and delegation from cabinet ministers to civil servants. Each chapter illustrates how political parties serve as bonding instruments which align incentives and permit citizen control of the policy process. This is complemented by a consideration of external constraints. The concluding chapters go on to consider how well the problems of delegation and accountability are solved in these countries. They show that political systems with cohesive and competitive parties and strong mechanisms of external constraint solve their democratic agency problems better than countries with weaker control mechanisms. But in many countries political parties are now weakening, and parliamentary systems face new democratic challenges. Delegation and Accountability in Parliamentary Democracies provides an unprecedented guide to contemporary European parliamentary democracies. As democratic governance is transformed at the dawn of the twenty-first century, it illustrates the important challenges faced by the parliamentary democracies of Western Europe.
Author: Wim Naudé Publisher: Edward Elgar Publishing ISBN: 1802206795 Category : Business & Economics Languages : en Pages : 351
Book Description
This Handbook focuses on the complex relationship between entrepreneurship and conflict. Editors Wim Naudé and Bernadette Power construct a broad overview of central research themes in the field, covering states being captured by entrepreneurs, states capturing businesses, entrepreneurship in post-conflict reconstruction, and entrepreneurs in conflict against other entrepreneurs.
Author: Stefano Bartolini Publisher: Cambridge University Press ISBN: 1009206265 Category : Political Science Languages : en Pages : 315
Book Description
Stefano Bartolini argues that, despite the growth of a large theoretical literature about institutions and institutionalism over the last thirty years, the specific nature of political institutions has been relatively neglected. Political institutions have been subsumed into the broader problems of the emergence, persistence, change and functions of all types of institutions. The author defines political institutions strictly as norms and rules of 'conferral', to be distinguished from norms/rules of 'conduct' and of 'recognition'. They are those norms and rules that empower rulers, set limits to the capacity to ensure behavioural compliance, and define the proper means for achieving such compliance. This book draws logical and empirical consequences from this understanding, to distinguish different types of norms/rules, and to specify the peculiarities of those norms/rules that are 'political'. The book will appeal to researchers of political institutions in comparative politics, and in political science and political sociology more broadly.
Author: Gary J. Miller Publisher: Cambridge University Press ISBN: 1107008751 Category : Business & Economics Languages : en Pages : 287
Book Description
This book argues that bureaucracies can contribute to stability and economic development, if they are insulated from unstable democratic politics. The book will appeal to those interested in political science, economics, law, sociology, and modern political history.
Author: Georges Dionne Publisher: Springer Science & Business Media ISBN: 9401006423 Category : Business & Economics Languages : en Pages : 980
Book Description
In the 1970's, the research agenda in insurance was dominated by optimal insurance coverage, security design, and equilibrium under conditions of imperfect information. The 1980's saw a growth of theoretical developments including non-expected utility, price volatility, retention capacity, the pricing and design of insurance contracts in the presence of multiple risks, and the liability insurance crisis. The empirical study of information problems, financial derivatives, and large losses due to catastrophic events dominated the research agenda in the 1990's. The Handbook of Insurance provides a single reference source on insurance for professors, researchers, graduate students, regulators, consultants, and practitioners, that reviews the research developments in insurance and its related fields that have occurred over the last thirty years. The book starts with the history and foundations of insurance theory and moves on to review asymmetric information, risk management and insurance pricing, and the industrial organization of insurance markets. The book ends with life insurance, pensions, and economic security. Each chapter has been written by a leading authority in insurance, all contributions have been peer reviewed, and each chapter can be read independently of the others.
Author: Dennis D. Fehrenbacher
Author: Dennis D. Fehrenbacher
Author: Pankaj Tandon
Author: Gerald A. Feltham
Author: Kaare Strøm
Author: Wim Naudé
Author: Bruce L. Gardner
Author: Stefano Bartolini
Author: Gary J. Miller
Author: Georges Dionne
Author: Peter Feaver