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Author: Te-Fen Lo
Publisher:
ISBN:
Category : Charter schools
Languages : en
Pages : 294
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Book Description
Author: Te-Fen Lo
Publisher:
ISBN:
Category : Charter schools
Languages : en
Pages : 294
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Book Description
Author: Artur Minkin
Publisher:
ISBN:
Category :
Languages : en
Pages : 114
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Author: Lori Lynn Parcel
Publisher:
ISBN:
Category :
Languages : en
Pages : 362
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Author: Jennifer Nicole Stack
Publisher:
ISBN: 9780549040743
Category :
Languages : en
Pages : 180
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Book Description
The second essay is "Falling Through the Cracks". We present two different models which show that when there is insufficient time for colleges to make offers and students to review these offers, that the resulting match is not only inefficient but that it is possible for a student whose quality first order stochastically dominates another student's quality to be matched less frequently. Market congestion causes this student to "fall through the cracks" of the market. Market interventions that improve the efficiency of the congested market and ameliorate the problem of falling through the cracks are considered.
Author: Martin Shubik
Publisher: MIT Press
ISBN: 9780262693110
Category : Business & Economics
Languages : en
Pages : 472
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Book Description
This first volume in a three-volume exposition of Shubik's vision of "mathematical institutional economics" explores a one-period approach to economic exchange with money, debt, and bankruptcy. This is the first volume in a three-volume exposition of Martin Shubik's vision of "mathematical institutional economics"--a term he coined in 1959 to describe the theoretical underpinnings needed for the construction of an economic dynamics. The goal is to develop a process-oriented theory of money and financial institutions that reconciles micro- and macroeconomics, using as a prime tool the theory of games in strategic and extensive form. The approach involves a search for minimal financial institutions that appear as a logical, technological, and institutional necessity, as part of the "rules of the game." Money and financial institutions are assumed to be the basic elements of the network that transmits the sociopolitical imperatives to the economy. Volume 1 deals with a one-period approach to economic exchange with money, debt, and bankruptcy. Volume 2 explores the new economic features that arise when we consider multi-period finite and infinite horizon economies. Volume 3 will consider the specific role of financial institutions and government, and formulate the economic financial control problem linking micro- and macroeconomics.
Author: Ludwig Van den Hauwe
Publisher: BoD – Books on Demand
ISBN: 2810602212
Category : Monetary policy
Languages : en
Pages : 188
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Book Description
Recent events in international financial markets have revived the scientific interest in conceivable institutional alternatives to prevailing monetary arrangements. In the essays reprinted in this book, the author critically examines some of the more influential arguments which have been made in favour of decentralization in banking.
Author: David Russell Hansen
Publisher: Stanford University
ISBN:
Category :
Languages : en
Pages : 147
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Book Description
This dissertation is composed of three chapters. All three deal with topics in development economics. The first chapter examines the effects on village institutions of introducing formal financial institution options into the village. The second addresses the effects of government policy on educational investment and crime. The third tests the explanatory power of various explanations of the gender gap in math test scores. The first chapter examines the effects of a transition from a ``traditional'' economy based on an uncertain source of income, with risk fully insured away by one's neighbors in a social network through costly network ties, to a ``modern'' economy in which some agents have access to partial insurance at a lower cost. A theoretical model is used to show that village social networks can break down as some members of the village no longer need the insurance the social network provides, producing a reduction in welfare (if the costs of reducing moral hazard are not too high) for at least some individuals and possibly the village as a whole. This loss of welfare can occur even when networks provide other benefits to those belonging to them and is likely to be heterogeneous, depending on the opportunities and networks available to individuals. This paper tests these predictions using Indonesian data to examine the effect of a change in the banking institutions available to a community on the strength of social networks (measured by community participation) and welfare (measured by household expenditure and by child health). The analysis finds that changing financial institution availability in general does not influence community participation or welfare, but that financial institutions that primarily serve certain groups do relatively reduce the welfare of households not in those groups, which is consistent with the hypotheses generated by the model. Crime is an important feature of economic life in many countries, especially in the developing world. Crime distorts many economic decisions because it acts like an unpredictable tax on earnings. In particular, the threat of crime may influence people's willingness to invest in schooling or physical capital. The second chapter explores the questions "What influence do crime rates and levels of investment have on one another?" and "How do government policies affect the relationship between investment and crime?" by creating a simple structural model of crime and educational investment and attempting to fit this model to Mexican data. A method of simulated moments procedure is used to estimate parameters of the model and the estimated parameters are then used to carry out policy simulations. The simulations show that increasing spending on police or increasing the severity of punishment reduces crime but has little effect on educational investment. Increased educational subsidies increase educational investment but reduce crime only slightly. Thus, one type of policy is insufficient to accomplish the goals of both reducing crime and increasing education. The third chapter is joint work with Prashant Bharadwaj, Giacomo De Giorgi, and Christopher Neilson. Boys tend to have better performances than girls in mathematical testing; in particular, there are significantly more boys than girls among high achievers and the score distribution appears to have a longer right tail for boys. We confirm such results on several low- and middle-income countries. In particular we find that the gender gap is already present by age 10 and substantially increases by age 14 and 15. We propose and try to test a series of explanations for such a gap: (i) parental investment, (ii) ability, (iii) school resources, (iv) individual investment and effort (not tested directly), (v) competitive environment, and (vi) cultural norms. We conclude that none of our proposed explanations can account for a substantial portion of the gap.
Author: Kenneth Joseph Arrow
Publisher: Harvard University Press
ISBN: 9780674137783
Category : Business & Economics
Languages : en
Pages : 286
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Book Description
Discusses oil imports, medical welfare, health insurance, urban economic development, job discrimination, environmental preservation, interindustry flow analysis, social responsibility, and economic efficiency.
Author: John B. Shoven
Publisher: Cambridge University Press
ISBN: 9780521319867
Category : Business & Economics
Languages : en
Pages : 316
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Book Description
The central idea underlying this work is to convert the Walrasian general equilibrium structure (formalized in the 1950s by Kenneth Arrow, Gerard Debreu and others) from an abstract representation of an economy into realistic models of actual economies.
Author: Philip A. Klein
Publisher: Edward Elgar Publishing
ISBN: 9781781958766
Category : Business & Economics
Languages : en
Pages : 428
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Book Description
Takes a look at contemporary economic analysis, and presents a view of the state of economics.
