Incentives

Motivation and the Economics of Information
Author: Donald E. Campbell
Publisher: Cambridge University Press
ISBN: 1139455923
Category: Business & Economics
Page: N.A
View: 3431

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This book, first published in 2006, examines the incentives at work in a wide range of institutions to see how and how well coordination is achieved by informing and motivating individual decision makers. The book examines the performance of agents hired to carry out specific tasks, from taxi drivers to CEOs. It investigates the performance of institutions, from voting schemes to kidney transplants, to see if they enhance general well being. The book examines a broad range of market transactions, from auctions to labor markets, to the entire economy. The analysis is conducted using specific worked examples, lucid general theory, and illustrations drawn from news stories. Of the seventy different topics and sections, only twelve require a knowledge of calculus. The second edition offers new chapters on auctions, matching and assignment problems, and corporate governance. Boxed examples are used to highlight points of theory and are separated from the main text.

Political Economy After Economics

Scientific Method and Radical Imagination
Author: David Laibman
Publisher: Routledge
ISBN: 113666422X
Category: Business & Economics
Page: 192
View: 5115

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This re-incorporation of economics into political economy is one (small, but not insignificant) element in a larger project: to place all of the resources of present-day social-scientific research at the service of increasing democracy, in an ultimate direction toward socialism in the classic sense. An economics-enriched political economy is, above all, empowering: working people in general can calculate, build models, think theoretically, and contribute to a human-worthy future, rather than leaving all this to their "betters."

The Comparative Economics of Research Development and Innovation in East and West


Author: Professor Philip Hanson,P. Hanson,K. Pavitt
Publisher: Taylor & Francis
ISBN: 1136471731
Category: Business & Economics
Page: 112
View: 8016

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A systematic comparison of the institutions and incentive systems governing the processes of technological invention, innovation and diffusion in advanced market and centrally planned economies.

Equality, Moral Incentives, and the Market

An Essay in Utopian Politico-Economic Theory
Author: Joseph H. Carens
Publisher: Joseph H. Carens
ISBN: 0226092690
Category: Philosophy
Page: 252
View: 9988

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The book argues that by relying on moral incentives it is possible, in principle, to separate the organizational advantages of the market from its distributional disadvantages. In theory, we can imagine a politico-economic system that distributes income equally (or on some other principle) but has all the efficiency characteristics of a capitalist market system. This shows that the market can provide an institutional mechanism for realizing ideals of distributive justice. The book provides a theoretical model of the system, identifying its requirements. It then offers arguments from empirical social science about why the model should work under appropriate conditions.

Mathematics for Economists

An Integrated Approach
Author: E. Roy Weintraub
Publisher: Cambridge University Press
ISBN: 9780521287692
Category: Business & Economics
Page: 180
View: 4338

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As one's understanding of functions, relationships, and variables becomes richer and more detailed, one's ability to provide explanations for economic phenomena becomes stronger and more sophisticated. Here, the author encourages the student's geometric intuition of the mathematical results.

The Economics of Postal Service

A Research Study Supported by Wik
Author: Michael A. Crew,Paul R. Kleindorfer
Publisher: Springer Science & Business Media
ISBN: 9780792392743
Category: Business & Economics
Page: 162
View: 9265

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Postal service has received considerably less attention in the economics literature than traditional public utilities. Postal service is facing some very important challenges arising out of the increasingly high-tech nature of postal service, the entry of competition into the business, and new attitudes on the part of government to postal service. In the United Kingdom and Germany the increased interest in privatization and recognition of the benefits of competition are likely to have an impact on postal service. These challenges mean that postal managers must learn new ways of doing business, not just in successfully introducing new hardware and in new internal operating procedures, but also in the development of new pricing and costing methodologies and in the introduction of new management information systems. In order to deal with these new developments managers need a solid foundation in applied microeconomic theory as it relates to postal service. This book encompasses the theoretical foundation for postal policy, particularly with regard to pricing, service quality, and competitive issues.

Environment and Development Economics

Essays in Honour of Sir Partha Dasgupta
Author: Scott Barrett,Karl-Göran Mäler,Eric S. Maskin,Eric Maskin
Publisher: Oxford University Press
ISBN: 0199677859
Category: Business & Economics
Page: 384
View: 4678

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This book honours Partha Dasgupta, and the field he helped establish; environment and development economics. It concerns the relationship between social systems and natural systems. Above all, it concerns the poverty-environment nexus: the complex pathways by which people become or remain poor, and resources become or remain overexploited.

The Economics of E-learning


Author: Adel Ben Youssef
Publisher: Editorial UOC
ISBN: 8497887433
Category: Business & Economics
Page: 224
View: 6691

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The economics of e-learning was identified as a key priority for virtual campuses in the consultation workshop held in Brussels on 2004. This special issue shows the theoretical framework defined and some of the results obtained within the project, funded by the European Commission.

The Oxford Handbook of Economic and Institutional Transparency


Author: Jens Forssbaeck,Lars Oxelheim
Publisher: Oxford University Press
ISBN: 0199394830
Category: Political Science
Page: 624
View: 8807

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In recent years, the term 'transparency' has emerged as one of the most popular and keenly-touted concepts around. In the economic-political debate, the principle of transparency is often advocated as a prerequisite for accountability, legitimacy, policy efficiency, and good governance, as well as a universal remedy against corruption, corporate and political scandals, financial crises, and a host of other problems. But transparency is more than a mere catch-phrase. Increased transparency is a bearing ideal behind regulatory reform in many areas, including financial reporting and banking regulation. Individual governments as well as multilateral bodies have launched broad-based initiatives to enhance transparency in both economic and other policy domains. Parallel to these developments, the concept of transparency has seeped its way into academic research in a wide range of social science disciplines, including the economic sciences. This increased importance of transparency in economics and business studies has called for a reference work that surveys existing research on transparency and explores its meaning and significance in different areas. The Oxford Handbook of Economic and Institutional Transparency is such a reference. Comprised of authoritative yet accessible contributions by leading scholars, this Handbook addresses questions such as: What is transparency? What is the rationale for transparency? What are the determinants and the effects of transparency? And is transparency always beneficial, or can it also be detrimental (if so, when)? The chapters are presented in three sections that correspond to three broad themes. The first section addresses transparency in different areas of economic policy. The second section covers institutional transparency and explores the role of transparency in market integration and regulation. Finally, the third section focuses on corporate transparency. Taken together, this volume offers an up-to-date account of existing work on and approaches to transparency in economic research, discusses open questions, and provides guidance for future research, all from a blend of disciplinary perspectives.

Drive

Was Sie wirklich motiviert
Author: Daniel H. Pink
Publisher: Ecowin
ISBN: 3711050786
Category: Political Science
Page: 284
View: 1807

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Sind wir nicht alle davon überzeugt, dass wir am besten mit äußeren Anreizen wie Geld und Prestige oder durch "Zuckerbrot und Peitsche" zu motivieren sind? "Alles falsch", sagt Daniel H. Pink in seinem provokanten und zukunftsweisenden Buch. Das Geheimnis unseres persönlichen Erfolges ist das zutiefst menschliche Bedürfnis, unser Leben selbst zu bestimmen, zu lernen, Neues zu erschaffen und damit unsere Lebensqualität und unsere Welt zu verbessern. Daniel H. Pink enthüllt die Widersprüche zwischen dem, was die Wissenschaft weiß, und dem, was die Wirtschaft tut – und wie genau dies jeden Aspekt unseres Lebens beeinflusst. Er demonstriert, dass das Prinzip von Bestrafung und Belohnung exakt der falsche Weg ist, um Menschen für die Herausforderungen von Heute zu motivieren, egal ob in Beruf oder Privatleben. In "Drive" untersucht er die drei Elemente der wirklichen Motivation – Selbstbestimmung, Perfektionierung und Sinnerfüllung – und bietet kluge sowie überraschende Techniken an, um diese in die Tat umzusetzen. Daniel H. Pink stellt uns Menschen vor, die diese neuen Ansätze zur Motivation bereits erfolgreich in ihr Leben integriert haben und uns damit entschlossen einen außergewöhnlichen Weg in die Zukunft zeigen.

The Theory of Incentives

The Principal-Agent Model
Author: Jean-Jacques Laffont,David Martimort
Publisher: Princeton University Press
ISBN: 9781400829453
Category: Business & Economics
Page: 440
View: 8101

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Economics has much to do with incentives--not least, incentives to work hard, to produce quality products, to study, to invest, and to save. Although Adam Smith amply confirmed this more than two hundred years ago in his analysis of sharecropping contracts, only in recent decades has a theory begun to emerge to place the topic at the heart of economic thinking. In this book, Jean-Jacques Laffont and David Martimort present the most thorough yet accessible introduction to incentives theory to date. Central to this theory is a simple question as pivotal to modern-day management as it is to economics research: What makes people act in a particular way in an economic or business situation? In seeking an answer, the authors provide the methodological tools to design institutions that can ensure good incentives for economic agents. This book focuses on the principal-agent model, the "simple" situation where a principal, or company, delegates a task to a single agent through a contract--the essence of management and contract theory. How does the owner or manager of a firm align the objectives of its various members to maximize profits? Following a brief historical overview showing how the problem of incentives has come to the fore in the past two centuries, the authors devote the bulk of their work to exploring principal-agent models and various extensions thereof in light of three types of information problems: adverse selection, moral hazard, and non-verifiability. Offering an unprecedented look at a subject vital to industrial organization, labor economics, and behavioral economics, this book is set to become the definitive resource for students, researchers, and others who might find themselves pondering what contracts, and the incentives they embody, are really all about.

Economics of Accounting

Performance Evaluation
Author: Peter Ove Christensen,Gerald Feltham
Publisher: Springer Science & Business Media
ISBN: 9780387265971
Category: Business & Economics
Page: 664
View: 4166

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This book provides an integrated, technical exposition of key concepts in agency theory, with particular emphasis on analyses of the economic consequences of the characteristics of contractible performance measures, such as accounting reports. It is not a survey of the literature, but provides a succinct source for learning the fundamentals of the economics of incentives. While there is an emphasis on information issues of interest to accounting researchers, it is also relevant to researchers in economics, finance, management science,...

Handbook of Management Accounting Research


Author: Christopher S. Chapman,Anthony G. Hopwood,Michael D. Shields
Publisher: Elsevier
ISBN: 9780080468877
Category: Business & Economics
Page: 560
View: 5416

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Volume one of the Handbooks of Management Accounting Research sets the context for both Handbooks, with three chapters outlining the historical development of management accounting as a discipline and as a practice in three broad geographic settings. The bulk of the first volume then draws together a series of contributions that analyse the scholarly literature in terms of distinct intellectual and theoretical social science perspectives. The volume includes a chapter which looks at work informed by psychology as a base discipline. The volume also includes a set of chapters that seek to evaluate and explain issues of research method for the different approaches to research found within management accounting. Special pricing available if purchased as a set with Volume 2. Documents the scholarly management accounting literature Publishing both in print, and online through Science Direct International in scope

Frontiers in Economics


Author: Klaus F. Zimmermann
Publisher: Springer Science & Business Media
ISBN: 9783540432548
Category: Business & Economics
Page: 477
View: 7772

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Economic Theory, academic policy analysis and public policy design are becoming more interdependent. Hence, the demands for close interactions between the policy community and the research community have been rising significantly. This book assesses how recent economic thinking has advanced under these influences. Furthermore, it evaluates the important contribution economics can add to the design and evaluation of public policy, now more than ever before. The study is of interest to policy makers, policy analysts, researchers and students of economics at all levels. The authors, which include many of Germany's most eminent economists, draw on their wide experience in research and consultancy to present a coherent view of where European economic theory stands today and how it can play a role in the management of the economy of the new millennium.

Evolution of Markets and Institutions

A Study of an Emerging Economy
Author: Murali Patibandla
Publisher: Routledge
ISBN: 1134299915
Category: Business & Economics
Page: 352
View: 3396

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The new institutional economics has been one of the most influential schools of thought to emerge in the past quarter century. Taking its roots in the transaction cost theory of the firm as an economic organization rather than purely a production function, it has been developed further by scholars such as Oliver Williamson, Douglas North and their followers, leading to the rich and growing field of the new institutional economics. This branch of economics stresses the importance of institutions in the functioning of free markets, which include elaborately defined and effectively enforced property rights in the presence of transaction costs, large corporate organizations with agency and hierarchical controls, formal contracts, bankruptcy laws, and regulatory institutions. In this timely volume, Murali Patibandla applies some of the precepts of the new institutional economics to India - one of the world's most promising economies.

Computing and Intelligent Systems

International Conference, ICCIC 2011, held in Wuhan, China, September 17-18, 2011. Proceedings
Author: Yanwen Wu
Publisher: Springer Science & Business Media
ISBN: 3642240909
Category: Computers
Page: 537
View: 8424

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This six-volume-set (CCIS 231, 232, 233, 234, 235, 236) constitutes the refereed proceedings of the International Conference on Computing, Information and Control, ICCIC 2011, held in Wuhan, China, in September 2011. The papers are organized in two volumes on Innovative Computing and Information (CCIS 231 and 232), two volumes on Computing and Intelligent Systems (CCIS 233 and 234), and in two volumes on Information and Management Engineering (CCIS 235 and 236).