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141.
Journal of Business Ethics - Prior research on the impact of mandatory quotas in one dimension of diversity, on other dimensions, shows contradictory results. We seek to resolve this puzzle by... 相似文献
142.
Sukanta Bhattacharya Aparajita Dasgupta Kumarjit Mandal Anirban Mukherjee 《Review of Development Economics》2021,25(1):255-276
There is a strong political opinion in India in favour of replacing caste based affirmative action with an economic class based one. We contribute to this debate by looking at the interaction of caste and wealth in school choice. We show that too rich and too poor parents behave in the same way irrespective of their caste identities—rich parents sending their children to private schools while poor parents choosing public schools for their children. The caste identity, we find, plays a role for the school choice decision made by the parents belonging to the economic middle class. Among the economic middle class parents, the ones from the privileged castes send their children to private schools, while the children of the parents from the disadvantaged castes are sent to public schools. The result is robust to alternative definitions of privileged and disadvantaged castes. For school quality choice, however, we find a monotonic relationship between wealth and school quality. 相似文献
143.
144.
Dimitrios P. Tsomocos Sudipto Bhattacharya Charles A. E. Goodhart Pojanart Sunirand 《Economic Theory》2007,32(2):381-398
We develop a multi-period general equilibrium model of bank deposit, credit, and interim inter-bank loan markets in which
banks initially specialize in their choices of debtors, leading to under-diversification, but nevertheless become entwined
via inter-bank markets, leading to the fortunes of one bank affecting the profits and default rates of the other in a sequential
manner. Lack of (full) diversification among credit risks arises in our model owing to a relative profit argument in each
banker’s utility function, which is otherwise risk- and default-averse. We examine its implications for the welfare of depositors
and debtors.
An erratum to this article can be found at 相似文献
145.
On August 12–13, 2005, the department of finance at theKelley School of Business, Indiana University, collaboratedwith the Review of Financial Studies to host a conference titled"The Causes and Consequences of Recent Financial Market Bubbles."This article begins with our overview of the themes and findingsof the conference, and it ends with the questions that the literaturehas yet to answer. 相似文献
146.
We use experiments to analyze multiple dimensions of the relationship between rank incentives and individual performance. In our experiment (i) rank is defined as subjects' relative position in their group based on their performance in a real effort task and (ii) subjects' earnings are independent of their performance. We find that any rank incentive improves mean performance than no rank incentive, and this result is independent of the group size. In the large group, the mean performance increases strictly in all except at the highest rank incentive, but in the small group the mean performance increases weakly in rank incentives. Finally, the mean performance is significantly higher in the large than in the small group because of a higher “prestige effect.” In additional treatments in which we do not reveal the identity of the status‐prize winners, we find that average performance is identical to that in the baseline treatment without any status prizes. The last result signifies the important role that public revelation plays to enhance the strength of status. The results are important for managerial practices. 相似文献
147.
Ronald N. Kostoff Author Vitae Sujit Bhattacharya Author Vitae Author Vitae 《Technological Forecasting and Social Change》2007,74(9):1519-1538
Science and technology (S&T) allows (1) automation to replace human labor, (2) enhanced human labor capabilities, (3) quicker and cheaper production of goods, and (4) more complex products and processes. In order to maintain competitive advantages, it is critical for any country to understand what other countries are producing in S&T, and what intrinsic S&T capabilities are being developed.India and China are the two most populous countries in the world. These two dynamic economies are advancing rapidly in S&T, and it is prudent to assess the quantity and quality of their research output as well as to examine trends in their S&T capabilities.This paper, the first of four in a Special Section on China's and India's S&T, introduces the remaining three papers. Specifically, this paper describes the motivation for the studies, the background for understanding national S&T assessments, an overview of text mining, a brief picture of the Indian and Chinese S&T establishments, and a summary of the analytical techniques used in the assessments. 相似文献
148.
Summary. This paper develops a model in which two information frictions are embedded into an otherwise conventional neoclassical growth
model; an adverse selection problem in the labor market and a costly state verification problem in the credit market. The
former allows equilibrium unemployment to arise endogenously while the latter is responsible for equilibrium credit rationing.
This structure is used to investigate a theoretical link between the level of unemployment and the extent of credit rationing
(and capital formation). The presence of the labor market friction is enough to generate scope for multiple steady state equilibria.
The model also generates a large class of endogenous cyclical and chaotic dynamical equilibria. Development trap phenomena
may also appear.
Received: April 10, 1998; revised version: May 20, 1998 相似文献
149.
We estimate a cricket demand equation for test matches played in Australia. Consistent with previous studies of the demand for professional sport, demand is specified as a function of both economic factors (such as admission price, income and market size) and match specific factors (such as the uncertainty of outcome, weather conditions and the presence of star players). Our results suggest that match specific factors, rather than economic factors, influence attendance. We compare our results to those of previous studies for Australia and England which estimate the demand for cricket. 相似文献
150.
Tight money policies and inflation revisited 总被引:1,自引:0,他引:1
In this paper we reconsider the link between tight money policies and inflation in the spirit of Sargent and Wallace's (1981) influential paper, 'Some unpleasant monetarist arithmetic.' A standard neoclassical model with capital, bonds, and return-dominated currency is used. The potential for tight-money policies to be inflationary (unpleasant arithmetic) exists, even when the real interest rate is below the growth rate of the economy. Additionally, the likely observability of unpleasant arithmetic in real world economies is shown to depend crucially on the type of monetary policy rule that is used. JEL Classification: E52, E63
Un autre coup d'œil sur la relation entre politiques monétaires restrictives et inflation. Ce mémoire ré-examine la relation entre politiques monétaires restrictives et inflation dans l'esprit du travail de Sargent et Wallace (1981) 'Some Unpleasant Monetarist Arithmetic'. Les auteurs utilisent un modèle néo-classique standard avec capital, débentures et une monnaie dont les rendements sont dominés par ceux d'autres réservoirs de valeur. La possibilité que les politiques monétaires restrictives soient inflationnistes existe même quand le taux d'intérêt réel est plus petit que le taux de croissance de l'économie De plus on montre que l'obtention de ces résultats déplaisants dans les économies concrètes dépend fondamentalement du type de règle monétaire qu'on utilise. 相似文献
Un autre coup d'œil sur la relation entre politiques monétaires restrictives et inflation. Ce mémoire ré-examine la relation entre politiques monétaires restrictives et inflation dans l'esprit du travail de Sargent et Wallace (1981) 'Some Unpleasant Monetarist Arithmetic'. Les auteurs utilisent un modèle néo-classique standard avec capital, débentures et une monnaie dont les rendements sont dominés par ceux d'autres réservoirs de valeur. La possibilité que les politiques monétaires restrictives soient inflationnistes existe même quand le taux d'intérêt réel est plus petit que le taux de croissance de l'économie De plus on montre que l'obtention de ces résultats déplaisants dans les économies concrètes dépend fondamentalement du type de règle monétaire qu'on utilise. 相似文献