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Abstract This paper investigates the implications of extreme value estimates of net prices in the objective function of a linear programming problem. Analytically, our approach suggests interesting points of comparison between different measures of sensitivity of a linear programming problem, when a specified fractile of the distribution of profits is optimized.
Work done under the National Science Foundation Project GS-1810–420–21–17 at the Department of Economics, Iowa State University. 相似文献
Work done under the National Science Foundation Project GS-1810–420–21–17 at the Department of Economics, Iowa State University. 相似文献
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Paroma Sanyal 《Journal of Regulatory Economics》2007,31(3):335-353
This paper analyzes the impact of deregulation and restructuring on public-interest environmental research conducted by electric
utilities in the US from 1990 to 2001. I find that deregulation has had a substantial negative impact on such expenditures,
which have declined by 40%. However, restructuring has had no significant impact. In addition, the 1990 Clear Air Act Amendments
have adversely affected such expenditures, contrary to the positive impact these regulations had on pollution abatement R&D
as shown in the literature. Results also suggest that state and firm characteristics and regulator preferences play a strong
role in the conduct of such research.
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This paper is a narrow replication of Firpo, Fortin and Lemieux (Unconditional quantile regressions. Econometrica 2009; 77(3): 953–973), who propose a new estimation method, called ‘unconditional quantile regressions’. Using their empirical example, we confirm their results for the effects of unionization on US wage inequality during the period 1983–1985 for both conditional and unconditional quantile regressions. In addition, this paper applies the proposed estimation method to another paper by Autor, Katz and Kearney (Trends in US wage inequality: revising the revisionists. Review of Economics and Statistics 2008; 90(2): 300–323). The latter paper looks at measures of wage inequality in the US labor market data over the period 1963–2005. Copyright © 2015 John Wiley & Sons, Ltd. 相似文献
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This article investigates the effect of social context in an induced value, public good referendum experiment. In a split-sample treatment, social context is simulated by requiring participants to potentially have to disclose their vote to the group (voting disclosure) across both hypothetical and real settings. The experimental design also varies the cost (a coercive tax), and includes an uncertain level of benefit from the public good. The design allows investigation of the role of social context in both hypothetical and real referenda and its interaction with changes in the financial stakes involved (costs and potential benefits). Results show evidence of hypothetical bias, but also a social context effect that occurs in both real and hypothetical settings. This social context effect is larger than the effect of hypothetical bias, but is muted by the magnitude of costs and potential benefits. Hypothetical cases are also shown to be more prone to the social context effect. 相似文献
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This paper investigates the effect of ownership and competition on Indian bank productivity since the 1991 reforms. We find that Indian private banks dominate the public and foreign banks both in terms of productivity levels and productivity growth, with the new Indian private banks leading the charge. Competition has a positive impact on productivity for the old Indian private banks, and all the other banks are hurt by competition — the worst hit being new Indian private banks. A similar picture emerges on the productivity growth side, with the new Indian private bank productivity growth being the worst affected as competition increases. An analysis of the pre- and post-1998 periods shows that the latter period displays a much higher productivity gap between the Indian private banks and the public and foreign banks. Indian private bank productivity and productivity growth suffer due to increasing competition in the post-1998 period. 相似文献
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We investigate whether the equity-linked components of top executive pay have an effect on patenting activity within a firm.
We find a positive relationship between firm patenting activity and managerial alignment incentives created by stock and stock
option grants. Prior work has shown that the market value of a firm reflects the value of its patents. Thus, our finding suggests
innovation is one such channel through which equity alignment incentives positively impact firm value. On the other hand,
we find that the risk-taking incentive from stock options does not increase patenting. 相似文献
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Institutional Pluralism and Housing Delivery: A Case of Unforeseen Conflicts in Mumbai, India 总被引:1,自引:0,他引:1
This paper demonstrates how institutional pluralism in the delivery of housing can evoke major disagreements and ultimately conflict between different stakeholders. The case study focuses on a case of slum redevelopment in Mumbai and shows how a major nongovernment organization (NGO) became involved in conflicts with the other stakeholders, including private market actors, government agencies and even the community group. But, these conflicts did not necessarily have only negative impacts. Under certain conditions, such as when property values were booming in Mumbai, communities can actually benefit from such conflicts. 相似文献
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Individual, Collective and Social Responsibility of the Firm 总被引:2,自引:0,他引:2
The main concern of this paper is the moral responsibility of the firm, as well as of the individuals in a firm, to uphold environmental protection. Much of the business ethics literature defines corporate social responsibility in terms of stakeholder relationships, and the emphasis is frequently on collective as opposed to individual responsibility. This paper has three objectives. The first is to clarify the nature of moral responsibility, and the distinction between legal and moral responsibility. The second objective is to steer academicians and others towards a new vision of the firm. We argue that a firm is not just a singular legal entity but also a collectivity of morally responsible individuals who are liable for immoral acts of the firm. By expanding the boundary of responsibility of action from an intangible collectivity – the firm, to all the individuals within it, this vision moves beyond the typical emphasis on the firm as being the only moral agent responsible for corporate actions. The paper emphasizes not simply the responsibility of top echelon managers, but of every employee across ranks. The third goal of this paper is to examine the circumstances where application of moral responsibility becomes crucial, for instance, in the context of protection of the natural environment by a firm and its employees. 相似文献