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ASYMMETRIC INFORMATION AND MODELS OF CREDIT RATIONING 总被引:6,自引:0,他引:6
This paper outlines the development and exposits some of the central ideas and implications of asymmetric information in the credit market. 相似文献
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Donald J. Wright 《Bulletin of economic research》1995,47(1):39-53
This paper combines learning-by-doing and asymmetric information in a model of monopoly regulation with and without foreign competition. The principal source of the information asymmetry is unobservable firm effort in the learning process, although unobservable costs are also considered. The major result is that a post-learning all-or-nothing output-contingent lump-sum subsidy can achieve the regulator's complete information welfare maximum. With foreign competition this model can best be thought of as one involving infant industry regulation. 相似文献
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“两型社会”建设中长株潭旅游产品开发研究 总被引:1,自引:0,他引:1
阐述了"两型社会"建设试验区设立的最根本目的、立足点、要解决的关键问题及建设目标,提出了"两型社会"建设中长株潭旅游产品开发模式:构建农业旅游产品模式,构建工业旅游产品模式,构建湘江水景旅游产品模式,构建红色旅游产品模式。 相似文献
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THE LENGTH OF EMPLOYMENT AND UNEMPLOYMENT IN GREAT BRITAIN 总被引:2,自引:0,他引:2
BRIAN G. M. MAIN 《Scottish journal of political economy》1981,28(2):146-163
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The Great Leap Forward (GLF) (1958–61) in China was a natural experiment that removed private property rights to achieve rapid growth via central planning, producing immediate famine and death. Using three measures for the GLF, we find that it still exerts a significant negative effect on output per worker in 2004 across Chinese provinces. This result is robust to the use of political factors from the GLF period as instruments. The causal relationship persists after controlling for climate conditions and initial output per capita. Moreover, the causal relationship exists when we change the dependent variable to output per worker in 1978, which refutes the notion that market‐oriented reforms alone explain the difference in income in 2004. Therefore, the GLF has had a lasting, negative effect on output. 相似文献
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论产业群内地方联系的影响因素--以东莞电子信息产业群为例 总被引:13,自引:2,他引:13
在全球化背景下,很多国家和地区出现的具有竞争优势的产业群现象受到了区域研究学界、商界和公共政策决策者的重视。本文从产业联系的视角,首先分析自20世纪70年代后产业联系在内容及空间上的变化趋势,然后重点论述了在新时期的产业群内,影响企业地方联系强度的主要因素,在理论分析的基础上,文章剖析了东莞电子信息产业群的地方联系问题。 相似文献
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In most industrialised nations, women are over-represented in the ranks of the poor. Furthermore, it is often argued that this gender-based disadyantage has increased over time. In this paper the author tests this so-called "feminisation of poverty" hypothesis in Great Britain. Cross-sectional data from three years of the Family Expenditure Survey (1968, 1977 and 1986) are used. A poverty measure that is additively decomposable with population share weights, and is consistent with Sen's axiomatic approach to poverty measurement, is used to decompose the "total" amount of poverty into male and female "shares." Somewhat surprisingly, this decomposition lends no support to the feminisation of poverty hypothesis. 相似文献
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Tsunao Okumura 《International Economic Review》2006,47(1):87-106
This article investigates the possibility that wealth (holdings of money) serves as a signal of the ability to produce high‐quality products for agents who cannot directly observe the quality of the products. A producer's wealth may advertise past success in selling products to agents who knew the producer's ability and thus signal its ability. This analysis shows that such signaling effects may arise in equilibrium and may lead to more unequal distributions of wealth and lower welfare than would otherwise arise. 相似文献