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Managers and Market Capitalism
Market Design Economic Systems Managerial Roles Government and Politics
2015/4/28
In a capitalist system based on free markets, do managers have responsibilities to the system itself? If they do, should these responsibilities shape their behavior when they are engaging in the polit...
Fixing Market Failures or Fixing Elections?Agricultural Credit in India
Agribusiness Banks and Banking Financing and Loans Political Elections State Ownership Banking Industry India
2015/4/22
This paper integrates theories of political budget cycles with theories of tactical electoral redistribution to test for political capture in a novel way. Studying banks in India, I find that governme...
PUBLIC INTEREST AND SELF-INTEREST IN THE MARKET AND THE DEMOCRATIC PROCESS
PUBLIC INTEREST SELF-INTEREST MARKET DEMOCRATIC PROCESS
2014/6/26
The idea of public interest has been criticized by economic theory as being naïve in its believe that politicians could anticipate something like the public interest. Public Choice theory has sho...
Housing Market Spillovers: Evidence from the End of Rent Control in Cambridge, Massachusetts
Housing Market Price Controls
2014/9/9
We measure the capitalization of housing market externalities into residential housing values by studying the unanticipated elimination of
stringent rent controls in Cambridge, Massachusetts, in 1995...
The Growth of Low-Skill Service Jobs and the Polarization of the US Labor Market
Labor Market Low-Skill Service Jobs
2014/9/10
We offer a unified analysis of the growth of low-skill service occupations between 1980 and 2005 and the concurrent polarization of US employment and wages. We hypothesize that polarization stems from...
Exponential wealth distribution in a random market. A rigorous explanation
economic gas-like initial wealth wealth distribution
2011/3/31
In simulations of some economic gas-like models, the asymptotic regime shows an exponential wealth distribution, independently of the initial wealth distribution given to the system. The appearance of...
The Market Technicians Association (MTA) was incorporated as a not-for-profit Association in 1973, but began holding meetings as early as 1971. There were 18 charter members in 1973, but the 3 “founde...
JCMS: Journal of Common Market Studies is the leading journal in the field, publishing high quality, and accessible articles on the latest European Integration issues. For 40 years it has been the for...
The aim of this paper is to contribute to a better understanding of the market
and the firm through an analysis of the coordination problem. An important question
is to what extent the nature and pr...
Tax Wedges, Unemployment Benefits and Labour Market Outcomes in the New EU Members
Labour market institutions principal component analysis
2009/7/17
There has been a widely accepted belief that certain labor market institutions, including high taxation and generous benefits, can lead to low employment and/or high unemployment. To what extent do su...
《An Inquiry into the Nature and Causes of the Wealth of Nations》Book I Chapter VII Of the Natural and Market Price of Commodities
An Inquiry into the Nature and Causes of the Wealth of Nations 国富论 Adam Smith 亚当·斯密 Market
2009/2/12
There is in every society or neighbourhood an ordinary or average rate both of wages and profit in every different employment of labour and stock. This rate is naturally regulated, as I shall show her...
《An Inquiry into the Nature and Causes of the Wealth of Nations》Book I Chapter III That the Division of Labour is Limited by the Extent of the Market
An Inquiry into the Nature and Causes of the Wealth of Nations 国富论 Adam Smith 亚当·斯密 Market
2009/2/12
1As it is the power of exchanging that gives occasion to the division of labour, so the extent of this division must always be limited by the extent of that power, or, in other words, by the extent of...