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Credence Goods Markets With Conscientious And Selfish Experts
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Book Synopsis Credence Goods Markets with Conscientious and Selfish Experts by : Ting Liu
Download or read book Credence Goods Markets with Conscientious and Selfish Experts written by Ting Liu and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a credence good market, sellers know more about buyers necessity of the good. Because of this information asymmetry, a selfish seller may exaggerate buyers necessity of the good. This article investigates how the presence of conscientious experts affects selfish experts behavior. In a monopoly setting, it shows that the presence of a conscientious expert may result in more fraudulent behavior by the selfish expert. This result holds in a competitive setting.
Book Synopsis New Product Launch, Learning, and Credence Goods by : Ting Liu
Download or read book New Product Launch, Learning, and Credence Goods written by Ting Liu and published by . This book was released on 2008 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: My dissertation comprises three chapters on industrial organization and health economics. The first Chapter studies a monopolist's product launch strategy. The second Chapter studies credence goods markets. The third chapter analyzes informal payments in public health sectors of developing countries. In the first Chapter, joint with Pasquale Schiraldi, we study how a monopolist should launch a new product to distinct markets when the uncertainty of the product's quality is resolved over time. We examine how the monopolist may influence consumer learning by manipulating the launch sequence when the monopolist and consumers can learn about the quality of the product from previous sales. Depending on the price of the product and the general reputation of the product, the monopolist may prefer a sequential launch to a simultaneous launch. We derive the optimal number of markets in which the monopolist will launch the product in each period. The monopolist's dynamic equilibrium strategy endogenizes informational herding. In the second Chapter, I study credence goods markets when an expert is either selfish or conscientious. A selfish expert is a profit maximizer. A conscientious expert wants to maximize profit and repair the consumer's problem. In a monopoly model, there are only uniform-price equilibria and nonuniform-price equilibria. I study whether a consumer can infer the expert's type from his equilibrium price list and analyze the efficiency of an equilibrium. Finally, I check the robustness of each class of equilibria for a competitive setting. In the third Chapter, joint with Monic Jiayin Sun, we study informal payments in public health sectors of many developing countries. Such payments are made by patients to providers for services which are supposed to be supplied by public health care sectors. Informal payments are made because the allocation mechanism in the public sector fails to take into account provider or patient circumstance. We compare welfare implications of different policies that regulate informal payments. Patient and provider heterogeneity play a central role in the comparison.
Book Synopsis Credence Goods Markets with Fair and Opportunistic Experts by : Joachim Heinzel
Download or read book Credence Goods Markets with Fair and Opportunistic Experts written by Joachim Heinzel and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The theory of the kingdom: A unified model of human agency by : Andrew Root
Download or read book The theory of the kingdom: A unified model of human agency written by Andrew Root and published by Vernon Press. This book was released on 2024-01-02 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: This original monograph presents a comprehensive theory regarding the economy of the kingdom of God. The theory and associated model will help individuals make better choices. The research integrates fundamentals of the temporal real economy, and the permanent economy of the kingdom of God, to present a unified model of human agency. According to the model, effective agents are salt and light in the real economy, arresting corruption and revealing the truth. Effective agency produces life, peace, and growth. Individual and organizational practices that arrest corruption and reveal truth can resolve longstanding economic grievances. The list of spiritual credence goods is extensive and includes commonly known virtues such as humility, patience, and hope. Spiritual goods are allocated based on the owner-agent relationship. The quantity of goods the owner supplies is in proportion to an individual’s sacrificial offering of time and money. Spiritual goods are stored as heart capital. In a process analogous to the real economy, heart labor applied to heart capital produces desirable outputs. The owner relates to his agents through a heart-inscribed behavioral contract. The owner generally intervenes in the real economy by communicating with agents rather than by restricting choice. Prior studies across economics, finance, and sociology prove the efficiency of behavioral contracts and communication over restricted choice. Herein researchers will find new testable propositions, and practitioners will find new ideas and practices to live better, more consequential lives. Examples of practical applications include methods of resolving group-level bias and understanding the purpose of life’s difficulties.
Book Synopsis Dissertation Abstracts International by :
Download or read book Dissertation Abstracts International written by and published by . This book was released on 2008 with total page 672 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The National System of Political Economy by : Friedrich List
Download or read book The National System of Political Economy written by Friedrich List and published by . This book was released on 1904 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Brand New Justice written by Simon Anholt and published by Routledge. This book was released on 2006-08-11 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recently vilified as the prime dynamic driving home the breach between poor and rich nations, here the branding process is rehabilitated as a potential saviour of the economically underprivileged. Brand New Justice, now in a revised paperback edition, systematically analyses the success stories of the Top Thirteen nations, demonstrating that their wealth is based on the 'last mile' of the commercial process: buying raw materials and manufacturing cheaply in third world countries, these countries realise their lucrative profits by adding value through finishing, packaging and marketing and then selling the branded product on to the end-user at a hugely inflated price. The use of sophisticated global media techniques alongside a range of creative marketing activities are the lynchpins of this process. Applying his observations on economic history and the development and impact of global marketing, Anholt presents a cogent plan for developing nations to benefit from globalization. So long the helpless victim of capitalist trading systems, he shows that they can cross the divide and graduate from supplier nation to producer nation. Branding native produce on a global scale, making a commercial virtue out of perceived authenticity and otherness and fully capitalising on the 'last mile' benefits are key to this graduation and fundamental to forging a new global economic balance. Anholt argues with a forceful logic, but also backs his hypothesis with enticing glimpses of this process actually beginning to take place. Examining activities in India, Thailand, Russia and Africa among others, he shows the risks, challenges and pressures inherent in 'turning the tide', but above all he demonstrates the very real possibility of enlightened capitalism working as a force for good in global terms.
Book Synopsis Inventing the Future by : Nick Srnicek
Download or read book Inventing the Future written by Nick Srnicek and published by Verso Books. This book was released on 2015-11-17 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: This major new manifesto offers a “clear and compelling vision of a postcapitalist society” and shows how left-wing politics can be rebuilt for the 21st century (Mark Fisher, author of Capitalist Realism) Neoliberalism isn’t working. Austerity is forcing millions into poverty and many more into precarious work, while the left remains trapped in stagnant political practices that offer no respite. Inventing the Future is a bold new manifesto for life after capitalism. Against the confused understanding of our high-tech world by both the right and the left, this book claims that the emancipatory and future-oriented possibilities of our society can be reclaimed. Instead of running from a complex future, Nick Srnicek and Alex Williams demand a postcapitalist economy capable of advancing standards, liberating humanity from work and developing technologies that expand our freedoms. This new edition includes a new chapter where they respond to their various critics.
Book Synopsis Practical Research by : Paul D. Leedy
Download or read book Practical Research written by Paul D. Leedy and published by . This book was released on 2013-07-30 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: For undergraduate or graduate courses that include planning, conducting, and evaluating research. A do-it-yourself, understand-it-yourself manual designed to help students understand the fundamental structure of research and the methodical process that leads to valid, reliable results. Written in uncommonly engaging and elegant prose, this text guides the reader, step-by-step, from the selection of a problem, through the process of conducting authentic research, to the preparation of a completed report, with practical suggestions based on a solid theoretical framework and sound pedagogy. Suitable as the core text in any introductory research course or even for self-instruction, this text will show students two things: 1) that quality research demands planning and design; and, 2) how their own research projects can be executed effectively and professionally.
Download or read book Reputation written by Charles J. Fombrun and published by Harvard Business Review Press. This book was released on 1996 with total page 482 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work provides an analysis of the determinants and effects of reputation management. It demonstrates the economic value of a corporate reputation, quantifying the economic returns for well-regarded companies, and presents recommendations and processes for assessing and improving reputation. INDICE: Introduction: why reputations matter. Part 1 The hidden value of a good reputation: going for the gold; what's in a name?; enlightened self-inter... Etc.
Book Synopsis Handbook of Health Economics by : Mark V. Pauly
Download or read book Handbook of Health Economics written by Mark V. Pauly and published by Elsevier. This book was released on 2012-01-05 with total page 1149 pages. Available in PDF, EPUB and Kindle. Book excerpt: "As a relatively new subdiscipline of economics, health economics has made many contributions to areas of the main discipline, such as insurance economics. This volume provides a survey of the burgeoning literature on the subject of health economics." {source : site de l'éditeur].
Download or read book Standard Deviations written by Gary Smith and published by Abrams. This book was released on 2014-07-31 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: How statistical data is used, misused, and abused every day to fool us: “A very entertaining book about a very serious problem.” —Robert J. Shiller, winner of the Nobel Prize in Economics and author of Irrational Exuberance Did you know that baseball players whose names begin with “D” are more likely to die young? That Asian Americans are most susceptible to heart attacks on the fourth day of the month? That drinking a full pot of coffee every morning adds years to your life, but one cup a day increases your pancreatic cancer risk? These “facts” have been argued with a straight face by credentialed researchers and backed up with reams of data and convincing statistics. As Nobel Prize–winning economist Ronald Coase cynically observed, “If you torture data long enough, it will confess.” Lying with statistics is a time-honored con. In Standard Deviations, economics professor Gary Smith walks us through the various tricks and traps that people use to back up their own crackpot theories. Sometimes, the unscrupulous deliberately try to mislead us. Other times, the well-intentioned are blissfully unaware of the mischief they are committing. Today, data is so plentiful that researchers spend precious little time distinguishing between good, meaningful indicators and total rubbish. Not only do others use data to fool us, we fool ourselves. Drawing on breakthrough research in behavioral economics and using clear examples, Standard Deviations demystifies the science behind statistics and makes it easy to spot the fraud all around us. “An entertaining primer . . . packed with figures, tables, graphs and ludicrous examples from people who know better (academics, scientists) and those who don’t (political candidates, advertisers).” —Kirkus Reviews (starred review)
Book Synopsis The Systems Model of Creativity by : Mihaly Csikszentmihalyi
Download or read book The Systems Model of Creativity written by Mihaly Csikszentmihalyi and published by Springer. This book was released on 2015-01-27 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: This first volume of the Collected Works of Mihaly Csikszentmihalyi represents his work on Art and Creativity. Starting with his seminal 1964 study on creativity up to his 2010 publication in Newsweek, the volume spans over four decades of research and writing and clearly shows Csikszentmihalyi’s own development as an academic, psychologist, researcher and person. Unconventional and unorthodox in his approach, Csikszentmihalyi chose the topic of creativity as a field of study believing it would help him be a better psychologist and advance his understanding of how to live a better life. The chapters in this volume trace the history of the study of creativity back to the days of Guilford and research on IQ and Jacob Getzels’ work on creativity and intelligence. Firmly grounded in that history, yet extending it in new directions, Mihaly Csikszentmihalyi started his life-long study on artistic creativity. His first extensive study at the School of the Art Institute of Chicago enabled him to observe, test and interview fine art students drawing in a studio. The study formed the very basis of all his work on the subject and has resulted in several articles, represented in this volume, on such creativity-related concepts as problem solving versus problem finding, the personality of the artist, the influence of the social context, creativity as a social construction, developmental issues and flow. The main contribution to the topic of creativity and also the main concept explored in this volume, is the Systems Model of Creativity. Seven chapters in this volume discuss the development of this conceptual model and theory.
Download or read book Stress in Policing written by Hans Toch and published by Amer Psychological Assn. This book was released on 2002 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: This analysis of police occupational stress draws primarily from a study conducted in two police departments in upstate New York. The study combined several methods of inquiry, including interviews, focus groups, personal observations, and questionnaires. One of the departments had undergone diversification and the other had not. Although the departments differed in diversity, both agencies were pursuing community-policing philosophies. The analysis focused on the relationship between stress and police reform, notably ongoing changes related to community-oriented policing and diversification of the police force. Older officers reported being more stressed than did younger officers. This was typically related to cumulative exposure to client problems, slower-than-hoped-for advancement, or less-than-anticipated recognition. Another primary factor was exposure to turbulent work environments over time, which became the occasion for discomfort with approaching retirement. Organization-related stress, compared with person-related stress, was identified by officers as the principal problem underlying stress. Organizational-related interventions, therefore, are required in preventing and ameliorating stress. There are current trends in policing that involve greater involvement of line officers in the organizational factors that affect their occupational duties. One is problem-oriented policing, which can include solutions to problems within the organization. Interventions have highlighted the importance of police union involvement and team efforts. Organizational peer interactions were also identified as a source of stress. These were based in gender-related and race-related diversity among personnel. Organizational reform to prevent and ameliorate stress must be based in an analysis of the roots of stress related to organizational practices and environments. Officers must then be involved in systematic efforts to plan and implement interventions that can relieve the organizational circumstances that cause and perpetuate stress.
Book Synopsis The Great Transformation by : Karl Polanyi
Download or read book The Great Transformation written by Karl Polanyi and published by Penguin Classics. This book was released on 2024-06-20 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'One of the most powerful books in the social sciences ever written. ... A must-read' Thomas Piketty 'The twentieth century's most prophetic critic of capitalism' Prospect Karl Polanyi's landmark 1944 work is one of the earliest and most powerful critiques of unregulated markets. Tracing the history of capitalism from the great transformation of the industrial revolution onwards, he shows that there has been nothing 'natural' about the market state. Instead of reducing human relations and our environment to mere commodities, the economy must always be embedded in civil society. Describing the 'avalanche of social dislocation' of his time, Polanyi's hugely influential work is a passionate call to protect our common humanity. 'Polanyi's vision for an alternative economy re-embedded in politics and social relations offers a refreshing alternative' Guardian 'Polanyi exposes the myth of the free market' Joseph Stiglitz With a new introduction by Gareth Dale
Book Synopsis The Art of Cross-examination by : Francis Lewis Wellman
Download or read book The Art of Cross-examination written by Francis Lewis Wellman and published by . This book was released on 1904 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis An Economic Interpretation of the Constitution of the United States by : Charles Austin Beard
Download or read book An Economic Interpretation of the Constitution of the United States written by Charles Austin Beard and published by . This book was released on 1913 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt:
