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Building Theories of Economic Process

Martin Shubik and Eric Smith

in The Guidance of an Enterprise Economy

Published in print:
2016
Published Online:
May 2017
ISBN:
9780262034630
eISBN:
9780262337540
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262034630.003.0007
Subject:
Economics and Finance, Econometrics

In the previous chapters we have provided proofs of principle for representing institutions as the carriers of process , using strategic market game models highly related in form to those of general ... More


Can Public Discussion Enhance Program “Ownership”?

Allan Drazen and Peter Isard

in Money, Crises, and Transition: Essays in Honor of Guillermo A. Calvo

Published in print:
2008
Published Online:
August 2013
ISBN:
9780262182669
eISBN:
9780262282284
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262182669.003.0013
Subject:
Economics and Finance, Econometrics

This chapter argues that an oft-cited reason that International Monetary Fund (IMF) programs get derailed is a lack of so-called program of “ownership,” which loosely refers to a country’s commitment ... More


Corporatism and Keynes: His Philosophy of Growth

Edmund S. Phelps

in Revisiting Keynes: Economic Possibilities for Our Grandchildren

Published in print:
2008
Published Online:
August 2013
ISBN:
9780262162494
eISBN:
9780262281331
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262162494.003.0006
Subject:
Economics and Finance, Econometrics

This chapter focuses its discussion on Keynes’s early “corporatist” dissatisfaction with the market—a dissatisfaction that ran deeper than the Pigovian critique of laissez faire, later known as the ... More


Indirect Financing Structures

Jack M. Mintz and Alfons J. Weichenrieder

in The Indirect Side of Direct Investment: Multinational Company Finance and Taxation

Published in print:
2010
Published Online:
August 2013
ISBN:
9780262014496
eISBN:
9780262289658
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262014496.003.0003
Subject:
Economics and Finance, Econometrics

This chapter analyzes the financing opportunities that derive from using an intermediate corporation in a third country. Such an intermediate company is referred to as a conduit entity or conduit ... More


Petroleum Contracts: What Does Contract Theory Tell Us?

Philippe Aghion and Lucía Quesada

in The Natural Resources Trap: Private Investment without Public Commitment

Published in print:
2010
Published Online:
August 2013
ISBN:
9780262013796
eISBN:
9780262275538
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262013796.003.0002
Subject:
Economics and Finance, Econometrics

This chapter provides a brief description of the main characteristics of contracts between oil companies and local governments, and then draws from existing contract theory to rationalize these ... More


The Japanese Employment System after the Bubble Burst: New Evidence

Ryo Kambayashi and Takao Kato

in Japan's Bubble, Deflation, and Long-term Stagnation

Published in print:
2010
Published Online:
August 2013
ISBN:
9780262014892
eISBN:
9780262289467
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262014892.003.0007
Subject:
Economics and Finance, Econometrics

This chapter examines the changes in Japan’s employment system after 1997 and illustrates how the sensitivity of employment to macroeconomic fluctuations steadily increase in the wake of economic ... More


Introduction

Stefan Bender, Julia Lane, Kathryn Shaw, Fredrik Andersson, and Till von Wachter

in The Analysis of Firms and Employees: Quantitative and Qualitative Approaches

Published in print:
2008
Published Online:
February 2013
ISBN:
9780226042879
eISBN:
9780226042893
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226042893.003.0001
Subject:
Economics and Finance, Econometrics

This book explores the interaction of firms and workers based on insights from labor economics and industry studies. It features eleven papers selected from the Conference on Firms and Employees ... More


Ownership and Wages: Estimating Public-Private and Foreign-Domestic Differentials with LEED from Hungary, 1986 to 2003

John S. Earle and Álmos Telegdy

in The Analysis of Firms and Employees: Quantitative and Qualitative Approaches

Published in print:
2008
Published Online:
February 2013
ISBN:
9780226042879
eISBN:
9780226042893
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226042893.003.0008
Subject:
Economics and Finance, Econometrics

Wages in the transition economies of Eastern Europe have changed dramatically in the fifteen years since the collapse of central planning. Average wages tended to decline in the first few years of ... More


Relaxing Other (Administrative, Informational, and Cognitive) Assumptions

Ian Ayres

in Optional Law: The Structure of Legal Entitlements

Published in print:
2005
Published Online:
February 2013
ISBN:
9780226033464
eISBN:
9780226033488
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226033488.003.0008
Subject:
Economics and Finance, Econometrics

Real-world non-consensual takings may impose costs—real social costs—not just of administration (in courts calculating the damages and private parties litigating a dispute), but also in terms of what ... More


Institutions and Saving for Retirement: Comparing the United States, Italy, and the Netherlands

Arie Kapteyn and Constantijn Panis (eds)

in Analyses in the Economics of Aging

Published in print:
2005
Published Online:
February 2013
ISBN:
9780226902869
eISBN:
9780226903217
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226903217.003.0010
Subject:
Economics and Finance, Econometrics

This chapter compares retirement saving and portfolio choice in the U.S., Italy and the Netherlands. The findings suggest that Americans should save more for retirement than the Dutch or the Italians ... More


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