Sequential Decisions Under Uncertainty and Labor Market Failure PDF Download

Author: Marcel Fafchamps
Publisher:
ISBN:
Category : Agricultural innovations
Languages : en
Pages : 732

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Author:
Publisher:
ISBN:
Category : Dissertations, Academic
Languages : en
Pages : 654

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Author: Robert K. Dixit
Publisher: Princeton University Press
ISBN: 1400830176
Category : Business & Economics
Languages : en
Pages : 484

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How should firms decide whether and when to invest in new capital equipment, additions to their workforce, or the development of new products? Why have traditional economic models of investment failed to explain the behavior of investment spending in the United States and other countries? In this book, Avinash Dixit and Robert Pindyck provide the first detailed exposition of a new theoretical approach to the capital investment decisions of firms, stressing the irreversibility of most investment decisions, and the ongoing uncertainty of the economic environment in which these decisions are made. In so doing, they answer important questions about investment decisions and the behavior of investment spending. This new approach to investment recognizes the option value of waiting for better (but never complete) information. It exploits an analogy with the theory of options in financial markets, which permits a much richer dynamic framework than was possible with the traditional theory of investment. The authors present the new theory in a clear and systematic way, and consolidate, synthesize, and extend the various strands of research that have come out of the theory. Their book shows the importance of the theory for understanding investment behavior of firms; develops the implications of this theory for industry dynamics and for government policy concerning investment; and shows how the theory can be applied to specific industries and to a wide variety of business problems.

Author: David H. Autor
Publisher: University of Chicago Press
ISBN: 9780226032887
Category : Business & Economics
Languages : en
Pages : 456

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From the traditional craft hiring hall to the Web site Monster.com, a multitude of institutions exist to facilitate the matching of workers with firms. The diversity of such Labor Market Intermediaries (LMIs) encompasses criminal records providers, public employment offices, labor unions, temporary help agencies, and centralized medical residency matches. Studies of Labor Market Intermediation analyzes how these third-party actors intercede where workers and firms meet, thereby aiding, impeding, and, in some cases, exploiting the matching process. By building a conceptual foundation for analyzing the roles that these understudied economic actors serve in the labor market, this volume develops both a qualitative and quantitative sense of their significance to market operation and worker welfare. Cross-national in scope, Studies of Labor Market Intermediation is distinctive in coalescing research on a set of market institutions that are typically treated as isolated entities, thus setting a research agenda for analyzing the changing shape of employment in an era of rapid globalization and technological change.

Author: Giannini Foundation of Agricultural Economics
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 42

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Author:
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 22

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Author: Alain de Janvry
Publisher: Springer Science & Business Media
ISBN: 0387297480
Category : Business & Economics
Languages : en
Pages : 390

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This collection of essays honors a remarkable man and his work. Erik Thorbecke has made significant contributions to the microeconomic and the macroeconomic analysis of poverty, inequality and development, ranging from theory to empirics and policy. The essays in this volume display the same range. As a collection they make the fundamental point that deep understanding of these phenomena requires both the micro and the macro perspectives together, utilizing the strengths of each but also the special insights that come when the two are linked together. After an overview section which contains the introductory chapter and a chapter examining the historical roots of Erik Thorbecke's motivations, the essays in this volume are grouped into four parts, each part identifying a major strand of Erik's work—Measurement of Poverty and Inequality, Micro Behavior and Market Failure, SAMs and CGEs, and Institutions and Development. The range of topics covered in the essays, written by leading authorities in their own areas, highlight the extraordinary depth and breadth of Erik Thorbecke's influence in research and policy on poverty, inequality and development. Acknowledgements These papers were presented at a conference in honor of Erik Thorbecke held at Cornell University on October 10-11, 2003. The conference was supported by the funds of the H. E. Babcock Chair in Food, Nutrition and Public Policy, and the T. H. Lee Chair in World Affairs at Cornell University.

Author: Peter B. Doeringer
Publisher: M.E. Sharpe
ISBN: 9780765632128
Category : Business & Economics
Languages : en
Pages : 258

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This book discusses the institutional aspects of the American labor market. The introduction assesses the major changes since 1971.

Author: Giannini Foundation of Agricultural Economics
Publisher: Giannini Foundation of Agricultural Economics University of California
ISBN:
Category : Agriculture
Languages : en
Pages : 422

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Author: Edward Tower
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 202

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