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排序方式: 共有122条查询结果,搜索用时 31 毫秒
1.
Leah Greden Mathews 《Review of Agricultural Economics》2002,24(2):528-539
This decision case is intended to provide an example of the complexity of local government decision making on the rural–urban fringe. In this case, a county is faced with making a decision about outlawing the existence of junk cars on personal property. Instructors can use this case to introduce topics such as zoning, takings, property rights, local government policy making, and the impact of the community on government decisions. Other issues could be explored, such as the role of culture and stereotypes in policy making, and how growth can impact local culture and lifestyle. 相似文献
2.
Economic policy is modelled as the outcome of a (political) game between two interest groups. The possible ex-post (realized) outcomes in the game correspond to the proposed policies. In the literature policy proposals are exogenous. We extend such games by allowing the endogenous determination of the proposed policies. In a first stage the groups decide which policy to lobby for and then, in a second stage, engage in a contest over the proposed policies. Our main result is that competition over endogenously determined policies induces strategic restraint that reduces polarization and, in turn, wasteful lobbying activities. 相似文献
3.
This paper proposes an approach to the intraday analysis of diversified world stock accumulation indices. The growth optimal portfolio (GOP) is used as reference unit or benchmark in a continuous financial market model. Diversified portfolios, covering the world stock market, are constructed and shown to approximate the GOP, providing the basis for a range of financial applications. The normalized GOP is modeled as a time transformed square root process of dimension four. Its dynamics are empirically verified for several world stock indices. Furthermore, the evolution of the transformed time is modeled as the integral over a rapidly evolving mean-reverting market activity process with deterministic volatility. The empirical findings suggest a rather simple and robust model for a world stock index that reflects the historical evolution, by using only a few readily observable parameters.
Mathematics Subject Classification: (1991) primary 90A12, secondary 60G30,62P20
JEL Classification: G10, G13 相似文献
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The degree of participation in state lotteries can either increase or decrease expected returns. It is theoretically possible
for unfair bets to become more than fair as participation in lotteries changes. In addition, the purchase of every combination
of numbers can be more than a fair bet and such a purchase may increase the expected return to other lottery players. 相似文献
7.
Richard A. Epstein 《Southern economic journal》2013,80(2):282-298
The stagnation of the American economy during the past decade is attributable to faulty policies at both the macro and micro level. The efforts to organize stimulus programs and manipulation tax rates create uncertainties that offset any supposed gains from Keynesian policies. At the same time, the failure to address major structural flaws in labor, real estate, free trade and positive rights have resulted in cumulative dislocations that require a shrinkage of government across the board to facilitate any reversal of economic fortune. 相似文献
8.
This paper makes three principal contributions to the growing body of empirically oriented research on dynamic factor demand systems that are based on the adjustment cost model of the firm. First, a simplified procedure is described for deriving demand and supply functions which are amenable to empirical estimation and which are consistent with intertemporal expected profit maximization and a general expectations formation process for future prices. Second, it is pointed out that estimation of a complete system of demand and supply functions permits the empirical identification of both the firm's technology and its expectations formation process. Finally, the procedure is applied to aggregate annual U.S. manufacturing data for the 1947-1977 period and the consistency of the data with the theoretical framework is investigated. 相似文献
9.
G.S. Epstein 《Journal of Economics and Business》1998,50(6):68
This paper deals with the phenomenon of clearance sales of fashion type goods which have an intertemporal aspect similar to durable goods. Using the Van Praag and Bode (1992) model, the case of clearance sales in a store selling more than one commodity is analyzed. Conditions and rules of thumb are shown in which it is optimal to increase the price of one product while decreasing the price of another. A linear demand model and a numerical example are presented, showing that the price of one product decreases while the price of the other product may increase or decrease in different periods. 相似文献
10.
Business ethics,Corporate Good Citizenship and the Corporate Social Policy Process: A view from the United States 总被引:1,自引:1,他引:1
Edwin M. Epstein 《Journal of Business Ethics》1989,8(8):583-595
Within the American context, the term Corporate Good Citizenship, a rather vague and somewhat dated notion, bears little relationship to the concept of Business Ethics. Whereas the latter refers to systematic reflection on the moral significance of the institutions, policies and behavior of business actors in the normal course of their business operations, the former is a subset of the broader notion of Corporate Social Responsibility and denotes, generally, discretionary, possibly altruistic, non-business relationships between business organizations and diverse community stakeholders. A newer concept, the Corporate Social Policy Process, which focuses on the institutionalization within business organizations of processes facilitating individual and organizational reflection and choice regarding the moral significance of personal and organizational action together with a consideration of the likely consequences of such action, provides analytical linkages between Business Ethics and Corporate Good Citizenship which can be useful to business scholars and operating managers alike. Specific aspects of Corporate Good Citizenship, including corporate community involvements, are examined and particular attention is paid to current trends in corporate donations, including an increasing emphasis on strategic philanthropy which explicitly mixes practical and benevolent motives in company giving policies and practices.Edwin M. Epstein is Professor of Business Administration at the University of California at Berkeley. A former chair of the Social Issues in Management Division of the Academy of Management, he has lectured and published extensively in the field of Business and Public Policy with a particular emphasis on the Social Role of the Corporation in the United States and other Advanced Industrial Societies.Bryan W. Husted, Esq., a doctoral student in the Business and Public Policy Program at the Berkeley Business School, University of California at Berkeley, rendered useful research assistance and Mary Ann Huisman for the Program in Business and Social Policy, Center For Research in Management, Berkeley Business School, University of California at Berkeley, provided helpful technical services which I gratefully acknowledge. 相似文献