Results 1 - 10 of 40,251

The Theory of Economic Regulation

by George J. Stigler - The Bell Journal of Economics and Management Science , 1971
"... The potential usex of public resources and powers to improve the economic stuius of economic groups (such as industries and occupations) are analyzed to provide a scheme of the demand for regulation. The characteristics of the political process which allow relatively small groups to obtain such regu ..."
Abstract - Cited by 1101 (1 self) - Add to MetaCart
The potential usex of public resources and powers to improve the economic stuius of economic groups (such as industries and occupations) are analyzed to provide a scheme of the demand for regulation. The characteristics of the political process which allow relatively small groups to obtain

Fairness and Retaliation: The Economics of Reciprocity

by Ernst Fehr, Simon Gächter - JOURNAL OF ECONOMIC PERSPECTIVES , 2000
"... This paper shows that reciprocity has powerful implications for many economic domains. It is an important determinant in the enforcement of contracts and social norms and enhances the possibilities of collective action greatly. Reciprocity may render the provision of explicit incentive inefficient b ..."
Abstract - Cited by 583 (13 self) - Add to MetaCart
This paper shows that reciprocity has powerful implications for many economic domains. It is an important determinant in the enforcement of contracts and social norms and enhances the possibilities of collective action greatly. Reciprocity may render the provision of explicit incentive inefficient

The modern industrial revolution, exit, and the failure of internal control systems

by Michael C. Jensen - JOURNAL OF FINANCE , 1993
"... Since 1973 technological, political, regulatory, and economic forces have been changing the worldwide economy in a fashion comparable to the changes experienced during the nineteenth century Industrial Revolution. As in the nineteenth century, we are experiencing declining costs, increaing average ( ..."
Abstract - Cited by 972 (6 self) - Add to MetaCart
Since 1973 technological, political, regulatory, and economic forces have been changing the worldwide economy in a fashion comparable to the changes experienced during the nineteenth century Industrial Revolution. As in the nineteenth century, we are experiencing declining costs, increaing average

A Strategic Model of Social and Economic Networks

by Matthew O. Jackson, Asher Wolinsky - CMSEMS Discussion Paper 1098, Northwestern University, revised , 1995
"... We study the stability and efficiency of social and economic networks, when selfinterested individuals can form or sever links. First, for two stylized models, we characterize the stable and efficient networks. There does not always exist a stable network that is efficient. Next, we show that this t ..."
Abstract - Cited by 664 (22 self) - Add to MetaCart
We study the stability and efficiency of social and economic networks, when selfinterested individuals can form or sever links. First, for two stylized models, we characterize the stable and efficient networks. There does not always exist a stable network that is efficient. Next, we show

Determinants of Economic Growth: A Cross-Country Empirical Study

by Robert J. Barro , 1996
"... Empirical findings for a panel of around 100 countries from 1960 to 1990 strongly support the general notion of conditional convergence. For a given starting level of real per capita GDP, the growth rate is enhanced by higher initial schooling and life expectancy, lower fertility, lower government c ..."
Abstract - Cited by 892 (12 self) - Add to MetaCart
of a nonlinear relation. At low levels of political rights, an expansion of these rights stimulates economic growth. However, once a moderate amount of democracy has been attained, a further expansion reduces growth. In contrast to the small effect of democracy on growth, there is a strong positive

Employment Fluctuations with Equilibrium Wage Stickiness,” American Economic Review,

by Robert E Hall , George Akerlof , Anthony Fai Chung , Kenneth Judd , Narayana Kocherlakota , John Muellbauer , Garey Ramey , Felix Reichling , Robert Shimer , Robert Solow , 2005
"... Modern economies experience substantial fluctuations in aggregate output and employment. In recessions, employment falls and unemployment rises. In the years immediately after a recession, the labor market is slackunemployment remains high and the vacancy rate and other measures of employer recruit ..."
Abstract - Cited by 542 (6 self) - Add to MetaCart
to driving forces. My characterization of wage stickiness is rather different from earlier ideas of wage rigidity and more closely integrated with the matching process. The model describes an economic equilibrium and overcomes the arbitrary disequilibrium character of earlier sticky-wage models. A line

Africa´s Growth Tragedy: Policies and Ethnic Divisions

by William Easterly, Ross Levine - JOURNAL OF ECONOMICS , 1997
"... Explaining cross-country differences in growth rates requires not only an understanding of the link between growth and public policies, but also an understanding of why countries choose different public policies. This paper shows that ethnic diversity helps explain cross-country differences in publi ..."
Abstract - Cited by 1388 (72 self) - Add to MetaCart
in public policies, political stability, and other economic indicators. In the case of Sub-Saharan Africa, economic growth is associated with low schooling, political instability, underdeveloped financial systems, distorted foreign exchange markets, high government deficits, and insufficient infrastructure

Performance pay and top-management incentives’’,

by Michael C Jensen , Kevin J Murphy , Stephanie Jensen , Natalie Jensen , Mary Rojek , Mike Stevenson , George Baker , Carliss Baldwin , Ray Ball , Gary Becker , Joseph Bower , James Brickley , Jeffrey Coles , Harry Deangelo , Robert Gibbons , Gailen Hite , Clifford Holderness , Robert Kaplan , Steven Kaplan , Edward Lazear , Richard Leftwich , John Long , Jay Lorsch , Paul Macavoy , John Mcarthur , Kenneth Mclaughlin , Kenneth Merchant , Andrall Pearson , Sherwin Rosen , Ronald Schmidt , G William Schwert , Robert Simons , Jerold Warner , Ross Watts , Jerold Zimmerman - Journal of Political Economy, , 1990
"... Abstract Our estimates of the pay-performance relation (including pay, options, stockholdings, and dismissal) for chief executive officers indicate CEO wealth changes $3.25 for every $1,000 change in shareholder wealth. Although the incentives generated by stock ownership are large relative to pay ..."
Abstract - Cited by 1137 (19 self) - Add to MetaCart
and dismissal incentives, most CEOs hold trivial fractions of their firm's stock and ownership levels have declined over the past 50 years. We hypothesize that public and private political forces impose constraints that reduce the pay-performance sensitivity. Declines in both the pay-performance relation

Bank Runs, Deposit Insurance, and Liquidity

by Douglas W. Diamond, Philip H. Dybvig - Journal of Political Economy , 2000
"... This article develops a model which shows that bank deposit contracts can provide allocations superior to those of exchange markets, offering an explanation of how banks subject to runs can attract deposits. Investors face privately observed risks which lead to a demand for liquidity. Traditional ..."
Abstract - Cited by 1245 (15 self) - Add to MetaCart
. Traditional demand deposit contracts which provide liquidity have multiple equilibria, one of which is a bank run. Bank runs in the model cause real economic damage, rather than simply reflecting other problems. Contracts which can prevent runs are studied, and the analysis shows

A framework for information systems architecture.

by J A Zachman - IBM Syst. J., , 1987
"... With increasing size and complexity of the implementations of information systems, it is necessary to use some logical construct (or architecture) for defining and controlling the interfaces and the integration of all of the components of the system. This paper defines information systems architect ..."
Abstract - Cited by 546 (0 self) - Add to MetaCart
are forcing the use of some logical construct (or architecture) for defining and controlling the interfaces and the integration of all of the components of the system. Thirty years ago this issue was not at all significant because the technology itself did not provide for either breadth in scope or depth
Results 1 - 10 of 40,251