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In January 1976, Raymond Barre, the first President of The Geneva Association, and Orio Giarini, its first Secretary General, founded The Geneva Papers on Risk and Insurance with the main goal of supporting and encouraging research in the economics of risk and insurance. At that time, research in the field of insurance was still embryonic and insurance was regarded as peripheral social activity. When sustained economic growth gained traction, the function of insurance gradually emerged as a key contributor to economic development. By integrating uncertainty into economic theory and benefiting from the progress of both financial economics and decision theory, research developed further in the field of insurance economics and risk management, and is now prolific. The Geneva Papers on Risk and Insurance undeniably contributed to this evolution and its impact on research in insurance has largely exceeded what its two founding members could have expected. This volume is a special collection of papers celebrating 40 Years of The Geneva Papers on Risk and Insurance. The collection looks back at the storied history of The Geneva Papers on Risk and Insurance and features papers from some of the esteemed authors who have contributed to the journal in its lifetime. This collection of papers highlights just a few of the many themes addressed in the papers published by the journal since it was created. Nevertheless, the selection exemplifies the richness and variety of topics the field of insurance covers.

The Brookings Papers on Economic Activity (BPEA) is a semi-annual academic conference and journal that pairs rigorous research with real-time policy analysis to address the most urgent economic challenges of the day. Working drafts of the papers are presented at the conference typically held twice each year. The final papers and discussant remarks from each conference are subsequently published in the journal several months later.POPP, VONA, MARIN and CHEN on The Employment Impact of a Green Fiscal Push: Evidence from the American Recovery and Reinvestment ActBUCKMAN, CHOI, DALY and SEITELMAN on The Economic Gains from EquityCHERRY, JIANG, MATVOS, PISKORSKI and SERU on Government and Private Household Debt Relief during COVID-19RENNERT, PREST, PIZER, NEWELL, ANTHOFF, KINGDON, RENNELS, COOKE, RAFTERY, ŠEVČÍKOVÁ and ERRICKSON on The Social Cost of Carbon:Advances in Long-Term Probabilistic Projections of Population, GDP, Emissions, and Discount RatesREIS on Losing the Inflation AnchorAUTOR, DORN and HANSON on On the Persistence of the China Shock

Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues.

Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues.Contents:All Medicaid Expansions Are Not Created Equal: The Geography and Targeting of the Affordable Care ActCraig Garthwaite, John Graves, Tal Gross, Zeynal Karaca, Victoria Marone, and Matthew J. NotowidigdoPolicies and Payoffs to Addressing America's College Graduation DeficitChristopher Avery, Jessica Howell, Matea Pender, and Bruce SacerdoteThe Optimal Inflation Target and the Natural Rate of InterestPhilippe Andrade, Jordi Galí, Hervé Le Bihan, and Julien MatheronInflation Dynamics: Dead, Dormant, or Determined Abroad?Kristen J. ForbesMacri's Macro: The Elusive Road to Stability and GrowthFederico SturzeneggerProgressive Wealth TaxationEmmanuel Saez and Gabriel Zucman

Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues. Contents:The European Central Bank's Monetary Policy during Its First 20 Years, Philipp Hartmann and Frank SmetsAccounting for Macro-Finance Trends: Market Power, Intangibles, and Risk Premia, Emmanuel Farhi and François GourioThe Real Effects of Disrupted Credit: Evidence from the Global Financial Crisis, Ben S. BernankeThe Cyclical Sensitivity in Estimates of Potential Output, Olivier Coibion, Yuriy Gorodnichenko, and Mauricio UlateShould the Federal Reserve Regularly Evaluate Its Monetary Policy Framework?, Jeff Fuhrer, Giovanni P. Olivei, Eric S. Rosengren, and Geoffrey M.B. TootellMonetary Policy at the Effective Lower Bound: Less Potent? More International? More Sticky?, Kristin ForbesThe Efficacy of Large-Scale Asset Purchases When the Short-Term Interest Rate Is at Its Effective Lower Bound, James D. HamiltonThe Federal Reserve Is Not Very Constrained by the Lower Bound on Nominal Interest Rates, Eric T. SwansonComments on Monetary Policy at the Effective Lower Bound, Janet Yellen

Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues.Contents:On Secular Stagnation in the Industrialized World, Lukasz Rachel and Lawrence H. SummersA Forensic Examination of China's National Accounts, Wei Chen, Xilu Chen, Chang-Tai Hsieh, and Zheng SongA Unified Approach to Measuring u•, Richard K. Crump, Stefano Eusepi, Maric Giannoni, and Ays¸egül S¸ahinFiscal Space and the Aftermath of Financial Crises: How It Matters and Why, Christina D. Romer and David H. RomerOkun Revisited: Who Benefits Most from a Strong Economy? Stephanies R. Aaronson, Mary C. Daly, William L. Wascher, and David W. WilcoxOn the Economics of a Carbon Tax for the United States, Gilbert E. Metcalf

Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues.Contents:Is Automation Labor Share-Displacing? Productivity Growth, Employment, and the Labor ShareDavid Autor and Anna SalomonsSafety Net Investments in ChildrenHilary W. Hoynes and Diane Whitmore SchanzenbachJobs for the Heartland: Place-Based Polices in 21st-Century AmericaBenjamin Austin, Edward Glaeser, and Lawrence SummersMacroeconomic Effects of the 2017 Tax ReformRobert J. Barro and Jason FurmanLiquidity Crises in the Mortgage MarketYou Suk Kim, Steven M. Laufer, Karen Pence, Richard Stanton, and Nancy WallaceMortgage Market Design: Lessons from the Great RecessionTomasz Piskorski and Amit Seru

This book, first edited with an introduction by F. A. v. Hayek in 1939, explores some of the popular errors which related to the suspension of the cash payments of the Bank of England, and to the influence of our paper currency on the price of provisions. The introduction provides an interesting overview of the life, thoughts, and achievements of Henry Thornton. An Enquiry into the Nature and Effects of the Paper Credit of Great Britain will be of interest to students of the history of economic thought.

This book shares 3 parts of a business/career development system crafted to aid users build their own business and career pathways. For ages 11 and up, these Freedom Papers are perfect for making sure you can use your education and skills to prosper whether there are jobs or not.

Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues.

A fast and easy way to write winning white papers! Whether you're a marketing manager seeking to use white papers to promote your business, or a copywriter keen to break into this well-paying field, White Papers For Dummies gives you a wealth of practical, hands-on advice from one of the world's leading experts in the field. The fact-based documents known as white papers have been called the “king of content.” No other B2B marketing piece can do more to generate leads, nurture prospects, and build mindshare. Where white papers were once used only by technology firms, they are becoming “must-have” items in the marketing toolkit for almost any B2B firm. Practically every startup must produce a white paper as part of its business planning. But writing effective white papers is a big challenge. Now you can benefit from the experience of a white paper specialist who's done more than 200 projects for clients from Silicon Valley to Finland, from mighty Google to tiny startups. Author Gordon Graham—also known as That White Paper Guy—provides dozens of tips and tricks to help your project come together faster and easier. White Papers For Dummies will help you to: Quickly determine if your B2B firm could benefit from a white paper Master the three phases of every white paper project: planning, production, and promotion Understand when and how to use the three main types of white paper Decide which elements to include and which to leave out Learn the best practices of seasoned white paper researchers and writers Choose from 40 different promotional tactics to get the word out Avoid common mistakes that many beginners make

In this rich and savvy collection of commentaries on the events, people and issues that shape and define our world, Pulitzer Prize-winning columnist and New York Times bestselling author Ellen Goodman cuts to the heart of the stories and controversies that helped to define our times.For over twenty-five years, nationally syndicated columnist Ellen Goodman has been training her lens on contemporary American life. A marvelously direct writer with keen insight into what makes the average American tick, laugh and occasionally boil with rage, Goodman takes her measure of the national psyche in a voice that is at once perceptive, witty and deeply humane.Paper Trail, her first collection in more than ten years, journeys through an era that has been golden in its advances and bleak in its disappointments. In a voice both reasoned and impassioned, she makes sense of the cultural debates that have captured our attention and sometimes become national obsessions. She wrestles with the close-to-the-bone issues of abortion, working mothers and gay marriage, the struggles for civil liberties and equal rights, and the moral complexity of assisted suicide and biotech babies. As she wends through the era of the Clinton scandals and the'amBushing'of America, the dot-com boom and bust, the horrors of September 11 and the War on Terrorism, Goodman pauses to celebrate some of our lost icons, including Jackie Onassis, Princess Diana and Doctor Spock. She reminds us as well of the fleeting fame of such instant celebrities as Elian Gonzalez and Lorena Bobbitt. The lines that separate public and private life dissolve under Goodman's scrutiny as she shows us how Washington politics, Silicon Valley technology and the national media culture infiltrate our jobs, relationships and minds. With the trademark clarity that readers count on, she walks us through the dilemmas posed by new technologies that range from cloning to cell phones and makes us laugh at the vagaries of Viagra and Botox and unreality TV. And in a world that sometimes seems to be stuck on fast forward, she holds on to values as timeless as a family Thanksgiving and a summer porch in Maine. Including more than 160 of Ellen Goodman's lively and stylish columns, this timely collection walks us along the paper trail in a voice that is both crystal clear and original.

This volume, originally published in 1958, contains a selection of the most important and interesting articles by Knut Wicksell, which had hitherto only been published in Swedish. They cover Wicksell's views on Economics and monetary theory, his theory of production and distribution, some review articles on the works of Pareto, Böhm-Bawerk, Carl Menger and Bowley and some papers on foreign trade problems, written after the First World War. Erik Lindahl's introductory essay gives a picture of Wicksell the social reformer, who radical opinions often brought him into conflict with the authorities and the general public.

Please note: This is a companion version & not the original book. Book Preview: #1 There is a hidden curriculum when it comes to doing economics. Most graduate programs do not systematically train their students in what it means to work as a research economist, even when they teach them some of the interstitial knowledge. #2 The primary means by which a researcher communicates her findings is by writing them up in the form of papers. I cover how to write papers in chapter 2. Once a researcher has written a paper, she will often seek to improve it by incorporating other researchers'comments on her work. #3 The economics profession is full of opportunities for professional service. However, in order to figure out how to get to do a specific kind of service, the average early-career researcher would be at a loss.

This book features the best papers presented at the Asia-Pacific Conference on Economics & Finance in 2016. Chapters include research conducted by experts in the field of Economics, Finance and Business from the region. Put together by East Asia Research, East Asia Institute of Management & Universiti Malaysia Sarawak (UNIMAS), this book serves as a useful resource for educators, researchers, thought leaders, policy makers, and economists.

Most journal articles and research proposals are rejected. That represents a waste of everyone's time, energy, and spirit, especially now when, more than ever, academic careers are precarious. In this practical book, Professor Abby Day addresses these two inter-related and most challenging areas for academics and researchers in their professional careers: how to secure research funding and how to get research published.Reviewers, unpaid and often unappreciated, are over-stretched with their regular academic jobs, and increasingly reluctant to spend time reading poorly constructed papers or proposals. As fewer reviewers are available, the waiting time for a decision increases. Everyone loses. It doesn't have to be like that. Professor Day's ground-breaking strategy covers both publishing and funding challenges in similar, yet distinct ways. Lack of time? Conflicting priorities? No idea where to start or what matters most? This book explains how to overcome these and other common obstacles to successful publication and funding. For the first time, one book covers both activities, with practical guidance for setting your strategy and purpose, identifying the right publisher or funder, and understanding your audience and the key criteria for success, as well as helpful advice for writing and managing the challenges of an academic career. This book draws on the first and second editions of two international bestsellers, How to Get Research Published in Journals and Winning Research Funding. Based on original research with editors, funders, and successful academics, plus two decades of running international workshops on publishing and funding, Professor Day has now updated and merged these two critically acclaimed texts.This book is essential reading for graduate students and early career faculty members, who will gain new and effective insights and strategies to secure funding and publication opportunities to help develop their academic careers.

An illuminating history of America's original credit market. The Continental Dollar is a revelatory history of how the fledgling United States paid for its first war. Farley Grubb upends the common telling of this story, in which the United States printed cross-colony money, called Continentals, to serve as an early fiat currency—a currency that is not tied to a commodity like gold, but rather to a legal authority. As Grubb details, the Continental was not a fiat currency, but a “zero-coupon bond”—a wholly different species of money. As bond payoffs were pushed into the future, the money's value declined, killing the Continentals'viability years before the Revolutionary War would officially end. Drawing on decades of exhaustive mining of eighteenth-century records, The Continental Dollar is an essential origin story of the early American monetary system, promising to serve as the benchmark for critical work for decades to come.

First Published in 1970. This is the second edition reprint of the Bullion Report of 1810, published in 1925 with an introduction that outlines why it is a useful document as reference to the similarities of the consequences that the United Kingdom found itself in after 1919 in regards to the printing of the currency note and the Cunliffe limitation.

The book is a compilation of selected papers presented at the Asia Conference on Economics & Business Research in 2015. The peer-reviewed contributions cover topics such as microeconomics, macroeconomics, financial economics, accounting and economics, organizational behavior, marketing, business ethics, general management, strategic management, operations management and public sector management. The volume serves as a valuable resource for researchers and practitioners in the area of economics and business research in Asia.

First Published in 2004. This is the second of three volumes of an edition of Professor Meade's papers. As with the first volume (The Collected Papers of James Meade, Vol. I: Employment and Inflation, 1988), it includes both previously published papers and hitherto unpublished memoranda written during Meade's period of government service, 1940-7, in the Economic Section of the Cabinet Offices, of which he was Director 1946-7.

Tourism research has indeed become a booming and attractive agenda for data analysis oriented empirical economist thanks to modern technology. There has been a tremendous improvement over last decades in the mathematical, statistical, probabilistic, and computational tools available to applied macroeconomics in tourism research. The book is no attempt to make comprehensive or broad representation of the issues of development of macro econometric modelling in tourism research. Authors'intention is to be selective, illustrative and deep, to present cases of analytical thinking on some of the major issues of model-based research in tourism sector. Zdravko Šergo is Senior Research Associate at Institute of Agriculture and tourism Poreč, Croatia. His scientific research and professional activities are focused on Tourism economy, Macroeconomic aspects of tourism, Sustainable tourism development. During his carrier he was a member of scientific teams in numerous projects among two or more scientific institutions. He published more than a hundred scientific papers and numerous book chapters. Jasmina Gržinić is full Professor of Tourism at Juraj Dobrila University of Pula, Croatia, Department of Economics and Tourism, where she was the Head of the Department of Tourism for many years. She is a member of the editorial boards of 5 international scientific journals and 4 international scientific monographs. Her main research topics are Principles of tourism, International tourism, Management of tourism attractions, Tour operators and Tourist agencies. She worked on several projects and published more than eighty scientific papers, including the book “International Tourism” (2014) and “Tour operators and hoteliers in the modern tourism” (2015). ABSTRACTING & INDEXING Approaches in Tourism Modelling is covered by the following services: Baidu Scholar CNKI Scholar (China National Knowledge Infrastructure) Dimensions DOAB (Directory of Open Access Books) EBSCO ExLibris Google Books Google Scholar Naviga ReadCube Semantic Scholar TDOne (TDNet) WorldCat (OCLC) X-MOL

Samuel Gompers (1850–1924) devoted his life to improving the conditions of American workers through better wages, shorter workdays, and safer workplaces, achieved through common effort, democratic organization, and practical action. His objective was betterment, or, as he often said,'more.'His moral vision was grounded in a commitment to social justice and a passion for service. A cigar maker by trade, he became the American Federation of Labor's first president in 1886 and, except for one year, remained its president until his death, guiding it through prosperity and recession, war and peacetime. By the time Gompers died, the AFL was a major force on the national scene and had claimed over four million members. Gompers was a tireless writer and impassioned speaker, and he left behind an immense archive of articles and editorials, addresses and testimony before a variety of audiences, and extensive correspondence with allies and adversaries alike. His correspondents included trade unionists and political leaders, reformers and radicals, captains of industry defending their positions, and workers asking for help or advice. The twelve volumes of The Samuel Gompers Papers, edited by Stuart B. Kaufman, Peter J. Albert, and Grace Palladino, for the first time make Gompers'wide-ranging and complex documentary legacy accessible to scholars, students, historians, and serious readers in the labor movement and among the public at large. This invaluable comprehensive index provides a key to the Gompers volumes. It not only allows quick reference to individual documents but permits scholars to see at a glance the contours and emphases in subject matter and locate the substantive annotations of key individuals and unions, strikes and lockouts, conferences and meetings, and legislation and key concepts in the history of the Gompers era.

Emphasizing the new challenges posed by the data science revolution, digital media, and changing norms, Research Ethics in Applied Economics examines the ethical issues faced by quantitative social scientists at each stage of the research process. The first section of the book considers project development, including issues of project management, selection bias in asking research questions, and political incentives in the development and funding of research ideas. The second section addresses data collection and analysis, discussing concerns about participant rights, data falsification, data management, specification search, p-hacking, and replicability. The final section focuses on sharing results with academic audiences and beyond, with an emphasis on self-plagiarism, social media, and the importance of achieving policy impact. The discussion and related recommendations highlight emergent issues in research ethics. Featuring perspectives from experienced researchers on how they address ethical issues, this book provides practical guidance to both students and experienced practitioners seeking to navigate ethical issues in their applied economics research.

First published in 1927, this important collection contains a selection from the unpublished papers left by the late Professor George Unwin, together with certain of the chapters and articles contributed by him to books and periodicals. Part I is concerned with'The Study and Teaching of Economic History'. Par II,'Essays and Lectures on Historical Subjects', ranges over such topics as The Mediaeval City, Commerce and Coinage in Shakespeare's England, Indian Factories in the Eighteenth Century, and ends with a selection of his more important reviews of books. Part III contains six Miscellaneous Papers on varied topics and the Appendix gives an indispensable list of the published works of George Unwin.

Metso Paper, the world's largest producer of paper machines, aims to transform itself into a knowledge- and information-based service and solution provider for the paper industry by aggressively exploiting information technologies. In the fall of 2002, Jorma Hujala, a vice-president of the Development, References, and Projects Department of Metso Paper's largest business unit, Rautpohja, attended a corporate-wide brainstorming meeting to decide how to improve the paper machine production and delivery process. Due to low growth in its traditional markets, the company needs to consider extending its strategy and business model to become not just a machine producer but also a supplier of services related to the value chain of paper production. In executing the new strategy, the company considers its world-class knowledge and capabilities to be its key competitive asset. Over the past decade, the department had improved project delivery performance through aggressive use of IT. Hujala and his team had to think carefully about how to enable and support the new corporate strategy and how to continue to develop their IT services and competencies accordingly.

Strategic Content Marketing offers a comprehensive guide to planning, creating, implementing and analyzing an effective content marketing strategy in practice. Each chapter marries established theory with modern practice, illustrating concepts with real-world case studies and examples alongside interviews with prominent content marketers, including a foreword by Joe Pulizzi, founder of The Content Marketing Institute and often referred to as the Father of Content Marketing. Chapter objectives and summaries structure learning, while reflective questions and activities aid comprehension. On reading, students will understand: The definition, purpose, and practical implementation of a content marketing programme The relationship between content marketing and broader marketing, strategic positioning, buyer personas, and research initiatives The most effective and valued forms of content marketing and how they are structured and used, including a special focus on digital and B2B content marketing How to create persuasive content and measure the effectiveness of content marketing The careers, associated competencies, and software technologies in the burgeoning field of content marketing. This comprehensive text is perfect core and recommended reading for advanced undergraduate and postgraduate students studying content marketing, inbound marketing, marketing communications, digital and social media marketing, and public relations. In practice, the book is also highly valuable for practicing professionals studying for professional qualifications and looking to develop their skills. Online resources include instructor teaching slides, four-color images and templates, and chapter test bank questions.

How inflation and deflation fears shape American democracy. Many foundational moments in American economic history—the establishment of paper money, wartime price controls, the rise of the modern Federal Reserve—occurred during financial panics as prices either inflated or deflated sharply. The government's decisions in these moments, intended to control price fluctuations, have produced both lasting effects and some of the most contentious debates in the nation's history. A sweeping history of the United States'economy and politics, Shock Values reveals how the American state has been shaped by a massive, ever-evolving effort to insulate its economy from the real and perceived dangers of price fluctuations. Carola Binder narrates how the pains of rising and falling prices have brought lasting changes for every generation of Americans. And with each brush with price instability, the United States has been reinvented—not as a more perfect union, but as a reflection of its most recent failures. Shock Values tells the untold story of prices and price stabilization in the United States. Expansive and enlightening, Binder recounts the interest-group politics, legal battles, and economic ideas that have shaped a nation from the dawn of the republic to the present.

This title was first published in 2000: A collection of Ranko Bon's papers on input-output analysis and its applications. The underlying feature of the papers is a focus on the supply-side input-output model, which better predicts the behaviour of mature economic sectors, such as agriculture and mining, than the demand-sided model. The construction sector is especially relevant in the context of economic stability and maturity issues, as it offers an index of economic maturity for entire economies. This is the main theme that evolves through the papers collected in the book.

For forty years, historians have argued that early twentieth-century provincial governments in Canada were easily manipulated by the industrialists who developed Canada's natural resources, such as pulpwood, water power, and minerals. With In the Power of the Government, Mark Kuhlberg uses the case of the Ontario pulp and paper industry to challenge that interpretation of Canadian provincial politics.Examining the relationship between the corporations which ran the province's pulp and paper mills and the politicians at Queen's Park, Kuhlberg concludes that the Ontario government frequently rebuffed the demands of the industrialists who wanted to tap Ontario's spruce timber and hydro-electric potential. A sophisticated empirical challenge to the orthodox literature on this issue, In the Power of the Government will be essential reading for historians and political scientists interested in the history of Canadian industrial development.

This volume was assembled by two of Dr. Wantrup's students as a complement to his textbook, Resource Conservation: Economics and Policies. Wantrup's ideas on conservation economics continued to evolve in ways that were never fully reflected in that text, and although for the student of natural resource economics it is still essential reading, to st

Bachelor Thesis from the year 2022 in the subject Business economics - Miscellaneous, grade: 1,0, University of Mannheim, language: English, abstract: The key topic of this paper is the traditional German apprenticeship system and how different stakeholders participate in it. Vocational training provides value to several stakeholders, which I illustrate in this essay. In the first half of the paper, I cover the fundamental features of the German apprenticeship system, its history and current criticism. Then, after giving a brief overview of how vocational training is approached in other European countries and the United States ('US'), two major theoretical frameworks are presented. These frameworks are the 1962 specific and general knowledge framework developed by Becker, as well as the 1998 extension of his model by Acemoglu and Pischke. In the following part of the paper, I apply Becker's model to the German apprenticeship system, finding a contradiction stemming from the empirical data. Next, the firm perspective on the apprenticeship system is covered. This includes displaying and analyzing reasons companies give for or against offering apprenticeship positions. In addition, there is an assessment of several advantages training firms can benefit from. The penultimate part of the paper features current social problems and their implications for political dynamics while also showing how vocational training can provide value for society. Finally, in the final subsection, I conclude and state possible solutions to current problems of the German apprenticeship system while also giving an outlook on the future of vocational training.

Have you ever asked yourself what gives comfort to someone who demands and accepts a bribe, sells drugs or commits professional crimes for money? The majority of these people are not wealthy, and they accept small amounts of money every day from their victims. Cash, Corruption and Economic Development examines the causes of corruption and crime and highlights what brings comfort to all those who accept bribes and kickbacks, arguing that it is paper currency because it does not leave a signature of its movement from one entity to another. The author proposes that today, with the technology available, we can make the transition to a paper currency-free economy, which will help reduce corruption and crime and give a boost to economic development. The book analyses the causes of corruption and presents a replacement for the current model, to be implemented by a central bank and followed by banks operating within its jurisdiction. This book will be of interest to economists, students of economics and finance, and all those who have suffered as a result of corruption and professional crime and want these practices to end.

Provides a context and exercise for introducing retail inventory management, including cost optimization, service-level criteria, and forecasting in single and multiproduct settings. The owner of a single-location paper and paper products store considers the implications of expansion for inventory management. Considerations include lost sales, retail metrics for multiproduct settings, and shelf space constraints. An Excel spreadsheet accompanies and is integral to the case, allowing students to explore these issues. For spreadsheet inquiries, please contact customer service at 1-800-545-7685 or custserv@hbsp.harvard.edu

A revealing collection from the intellectual titan whose work shaped the modern world. As an economist and public intellectual, Gary S. Becker was a giant. The recipient of a Nobel Prize, a John Bates Clark Medal, and a Presidential Medal of Freedom, Becker is widely regarded as the greatest microeconomist in history. After forty years at the University of Chicago, Becker left a slew of unpublished writings that used an economic approach to human behavior, analyzing such topics as preference formation, rational indoctrination, income inequality, drugs and addiction, and the economics of family. These papers unveil the process and personality—direct, critical, curious—that made him a beloved figure in his field and beyond. The Economic Approach examines these extant works as a capstone to the Becker oeuvre—not because the works are perfect, but because they offer an illuminating, instructive glimpse into the machinations of an economist who wasn't motivated by publications. Here, and throughout his works, an inquisitive spirit remains remarkable and forever resonant.

The privatisation of the British railway industry was a unique political and economic event. An integrated industry was broken-up into numerous component parts and sold off to private sector interests. The result was a highly fragmented industry that was structurally unsound and operationally dysfunctional. This authoritative volume presents an enlightening portrait of an industry that is less efficient, more costly and still more dependent on state subsidy today than its nationalised predecessor.The nine chapters in this work present a comprehensive and rigorous evaluation of how and why the industry has become so dysfunctional and costly, supported by detailed financial analysis and industry examples.Seven chapters comprise a series of peer-reviewed academic papers by Professor McCartney and Dr Stittle and published in leading international journals over the period 2004–2017 which analyse selected key segments of the privatised industry: where appropriate, updates are provided at the end of these chapters outlining developments since initial publication relevant to the analysis therein. Two chapters are published here for the first time: Chapter 7 reviews the performance of the freight sector, while Chapter 1 ‘bookends'the volume by providing first, an account of how rail privatisation was conceived and implemented in the 1980s/90s, and then reviews the impact of the pandemic and the proposals of the Williams-Shapps White Paper of 2021 which, if enacted, will effectively end the Major government's experiment.Going far beyond the usual superficial analysis of the topic, this volume will be of significant interest to researchers and advanced students of accounting, economics, business history, transport studies, as well as industry and specialised business interests in transport and privatisation.

Bachelor Thesis from the year 2022 in the subject Business economics - Miscellaneous, grade: 1,7, Wiesbaden University of Applied Sciences (Hochschule RheinMain), course: Digital Business Management, language: English, abstract: The primary purpose of this paper is to provide an overview of the implementation of blockchain technology in the food supply chain by showing its potential to build trust among the stakeholders and to make the food supply chain efficient and cost-effective. A comprehensive literature review covering books, articles, journals, news, and expert opinions has been conducted to address the research questions. The findings in the thesis lead to the conclusion that blockchain is a promising technology that has the potential to transform the food supply chain. Blockchain is capable of building consumer trust, providing information about the food we consume, and making the food traceability easier. Furthermore, it builds transparency among the stakeholders. Last but not least, it makes the food chain cost-effective by automating most of the transactions and eliminating paperwork and intermediaries. This paper ends with a discussion of some challenges in implementing blockchain due to its early phases of development.

Authoritative takes on the most current and pressing issues in macroeconomics today. The NBER Macroeconomics Annual provides a forum for leading economists to participate in important debates in macroeconomics and to report on major developments in macroeconomic analysis and policy. The NBER Macroeconomics Annual brings together leading scholars to discuss five research papers on central issues in contemporary macroeconomics. First, Andrea Eisfeldt, Antonio Falato, and Mindy Xiaolan document the rise of a new class of worker that receives part of its labor income as equity-based compensation, its role in the recent decline in the labor share of income, and implications for the returns to skilled labor and the implied capital-skill complementarity. Next, Michael Bauer and Eric Swanson focus on monetary policy shocks and argue the correlation between estimated monetary surprises and previously available information can be explained by uncertainty about the parameters of the monetary policy rule. Using new data and methods they find effects of monetary policy on macroeconomic variables that are much larger than previously estimated. Job Boerma and Loukas Karabarbounis provide a framework for quantitatively exploring the gap in wealth between White and Black Americans over the past 150 years and examine the effectiveness of reparations as a tool for closing this gap. Guido Menzio considers workers who do not have rational expectations, and whose “stubborn” beliefs change the response of wages to technology shocks, resulting in sticky wages. He finds that the larger the fraction of workers with stubborn beliefs, the more volatile unemployment is. Finally, Rishabh Aggarwal, Adrien Auclert, Matthew Rognlie, and Ludwig Straub investigate the growth—particularly in the United States—of private savings, current account deficits, and fiscal deficits after 2020. They argue that fiscal deficits lead to large and persistent increases in private savings and current account deficits.

Volume 27 of Advances in Industrial and Labor Relations (AILR) contains five peer-reviewed papers highlighting key aspects of employment relations across a variety of disciplinary perspectives. These papers feature historical and legal analyses of work regulation, intra-organizational analysis of employee development and entry-level hiring decisions, prospects for unionization and other forms of collective association in gig economy companies, and analysis of on-line versus in-person mediation of employment disputes involving allegations of discrimination. As with prior AILR volumes, the papers in Volume 27 display a variety of quantitative and qualitative research methods. These range from primary research methods such as case studies, survey, interviews, and historiography to longitudinal and cross-sectional empirical studies and theory building.

Are you a current or aspiring Ph.D. student determined to overcome the challenges that lie ahead? Do not let statistics discourage you, because this comprehensive guide is here to help you defy the odds and reach the pinnacle of academic achievement. With failure rates hovering between 40% and 50%, it is crucial to equip yourself with the right skills to ensure your success. In this book, you will embark on a transformative journey toward becoming a confident and accomplished scholar. This book takes a meticulous approach, addressing the six essential skills every Ph.D. student must possess: research, writing, presentation, time management, persistence, and collaboration. Each chapter delves into the significance of these skills within the Ph.D. process, explores the necessary competences, and provides practical strategies for their acquisition. Armed with numerous tips, tricks, and actionable advice, this invaluable resource empowers you to optimize your performance throughout your Ph.D. journey. Within these pages, you will discover how to assess your current skill set, identify areas for improvement, and develop a personalized academic development plan. With the aid of many informative figures and tables, you will find quick and easy access to expert guidance. Do not let uncertainty and self-doubt hinder your progress. “Unlocking PhD Success” is your roadmap to triumph, supporting you every step of the way as you conquer the challenges of doctoral studies. Embrace this book as your trusted companion, and unlock your full potential as an exceptional Ph.D. candidate.

Rigorous, careful, and nonpartisan research with a high policy impact on environmental and energy economics. Environmental and Energy Policy and the Economy focuses on the effective and efficient management of environmental and energy challenges. Research papers offer new evidence on the intended and unintended consequences, the market and nonmarket effects, and the incentive and distributional impacts of policy initiatives and market developments. This volume presents six new papers on environmental and energy economics and policy. Gilbert Metcalf examines the distributional impacts of substituting a vehicle miles-traveled tax for the existing federal excise tax in the United States. David Weisbach, Samuel Kortum, Michael Wang, and Yujia Yao consider solutions to the leakage problem of climate policy with differential tax policies on the supply and demand for fossil fuels and on domestic production and consumption. Danae Hernandez-Cortes, Kyle Meng, and Paige Weber quantify and decompose recent trends in air pollution disparities in the US electricity sector. Severin Borenstein and Ryan Kellogg provide a comparative analysis of different incentive-based mechanisms to reduce emissions in the electricity sector on a path to zero emissions. Sarah Anderson, Andrew Plantinga, and Matthew Wibbenmeyer document distributional differences in the allocation of US wildfire prevention projects. Finally, Mark Curtis and Ioana Marinescu provide new evidence on the quality and quantity of emerging “green” jobs in the United States.

Bachelor Thesis from the year 2020 in the subject Business economics - Miscellaneous, grade: 1,0, University of Passau, course: International Cultural and Business Studies, language: English, abstract: There is a remarkable difference in preferences for redistribution in Europe compared to the USA. Various authors have already attempted to explain this difference and provide empirical data on the matter, indicating that cultural and historical contrasts lead to different preferences. The topic of this paper is the question of how these differences can be explained by cultural imprints. Research shows that redistributive preferences are influenced by views on fairness, the level of altruism and beliefs about income mobility and efficiency. Cultural predispositions can shed light on contrasting fairness views and divergent social beliefs. Therefore, cultural theories and core cultural concepts such as American Exceptionalism will be introduced in order to enable an interpretation of economic research papers on redistribution from a cultural perspective. By combining the findings of cultural, as well as economical literature a new perspective and different understanding of the reasons for contrasting redistributive preferences can be gained.

Accessible in its style, yet comprehensive in content, this groundbreaking book provides a wealth of advice on how academics can enhance their research practices. It also highlights the fundamental role of research leaders and how their support can prove invaluable to academics in improving their research methodology. Don Webber expertly compiles responses from different research environments and practices across a range of universities, succinctly summarising those that achieve better quality research output. Highlighting collective practices as well as individual ones, he further illustrates the responsibilities placed upon academics for their own research alongside those of their peers and how these can have considerable mutual benefits. This invigorating read will be an excellent resource for new academics who wish to learn best practice and experienced academics who may have lost their way and are wanting to get their research back on track. Research leaders who wish to have a high performing department will find this book insightful in gaining ideas on how to enable their colleagues to achieve their full potential.

This book gathers selected papers from the 29th Eurasia Business and Economics Society (EBES) Conference, held in Lisbon, Portugal. While the theoretical and empirical papers presented cover diverse areas of economics and finance in various geographic regions, the main focus is on the latest research concerning accounting/audits, banking, the economics of innovation, and empirical studies on emerging economies and international trade. Studies on labor economics and public economics, as well as regional studies, round out the coverage.

Few scholars have been as influential in finance and economics as University of Chicago professor Eugene F. Fama. Over the course of a brilliant and productive career, Fama has published more than one hundred papers, filled with diverse, highly innovative contributions. Published soon after the fiftieth anniversary of Fama's appointment to the University of Chicago and his receipt of the Nobel Prize in Economics, The Fama Portfolio offers an authoritative compilation of Fama's central papers. Many are classics, including his now-famous essay on efficient capital markets. Others, though less famous, are even better statements of the central ideas. Fama's research considers key questions in finance, both as an academic field and an industry: How is information reflected in asset prices? What is the nature of risk that scares people away from larger returns? Does lots of buying and selling by active managers produce value for their clients? The Fama Portfolio provides for the first time a comprehensive collection of his work and includes introductions and commentary by the book's editors, John H. Cochrane and Tobias Moskowitz, as well as by Fama's colleagues, themselves top scholars and successful practitioners in finance. These essays emphasize how the ideas presented in Fama's papers have influenced later thinking in financial economics, often for decades.

The NBER Macroeconomics Annual 2021 presents research-central issues in contemporary macroeconomics. Robert Hall and Marianna Kudlyak examine unemployment dynamics during economic recoveries. They present new empirical findings and explore models in which the labor market gradually draws down the stock of unemployed workers in the aftermath of a downturn. Titan Alon, Sena Coskun, Matthias Doepke, David Koll, and Michèle Tertilt analyze the relative decline in employment of women during the COVID-19 pandemic and the associated global recession. They show that increased childcare needs, which fell more heavily on women, and differences in occupations both contributed. In the case of the US, however, each of these factors account for less than 20% of the gender gap in hours worked during the pandemic. Richard Rogerson and Johanna Wallenius study the employment rates of older workers in OECD countries over the last forty years. An expansion of institutions incentivizing retirement, concurrent with negative aggregate shocks between 1970 and 1995, led to falling employment rates. This trend started to reverse in the mid-1990s when many of these institutions, such as public pension programs, were cut back. Michael Barnett, William Brock, and Lars Peter Hansen explore the consequences of risk, ambiguity, and model misspecification in climate policy design. They consider carbon emissions pricing and the effects of different sources of uncertainty—such as future information about environmental damage, uncertainties in carbon and temperature dynamics and damage functions, and the role of future green technologies—on policy design. Michael Kremer, Jack Willis, and Yang You present new evidence suggesting a steady trend toward income convergence across countries since the late 1980s. They find convergence in various determinants of economic growth across countries and a flattening of the relationship between growth and these determinants. The paper challenges theories of growth arising after earlier rejections of the neoclassical growth model.

Please note: This is a companion version & not the original book. Book Preview: #1 The mystery of Whipple's success is why his commercials sold so much toilet paper. The answer is that they were extremely irritating, and people used the fast-forward button to avoid them. #2 The idea of Mr. Whipple, the advertiser, is not good. It is repetitive, schmaltzy, and cornball. But it is effective advertising, and it sells billions of rolls of toilet paper. #3 The public is cynical about advertising, and we send out every year the Gallup poll of most and least trusted professions. advertising practitioners trade last or second-to-last place with used car salesmen and members of Congress. #4 The 1950s saw the birth of modern advertising, with the concept of the unique selling proposition. This meant that advertisers would claim their products offered a specific benefit that no other product did.

The papers in this volume analyze the deployment of Big Data to solve both existing and novel challenges in economic measurement. The existing infrastructure for the production of key economic statistics relies heavily on data collected through sample surveys and periodic censuses, together with administrative records generated in connection with tax administration. The increasing difficulty of obtaining survey and census responses threatens the viability of existing data collection approaches. The growing availability of new sources of Big Data—such as scanner data on purchases, credit card transaction records, payroll information, and prices of various goods scraped from the websites of online sellers—has changed the data landscape. These new sources of data hold the promise of allowing the statistical agencies to produce more accurate, more disaggregated, and more timely economic data to meet the needs of policymakers and other data users. This volume documents progress made toward that goal and the challenges to be overcome to realize the full potential of Big Data in the production of economic statistics. It describes the deployment of Big Data to solve both existing and novel challenges in economic measurement, and it will be of interest to statistical agency staff, academic researchers, and serious users of economic statistics.

The Law and Economics of Privacy, Personal Data, Artificial Intelligence, and Incomplete Monitoring presents new findings and perspectives from leading international scholars on several emerging areas issues in legal and economic research. The collection contains new theoretical papers on privacy, the protection of personal data, the use of regulatory monitoring under legal standards versus rules, a study of the properties of market efficiency in securities fraud litigation, as well as an analysis of non-exclusionary price floors. It also contains an empirical paper on the relationship between uncertainty of patent approval of artificial intelligence applications and the Supreme Court's decision in Alice Corp. v. CLS Bank International. Finally, the volume features a law-and-economics assessment of the Chinese financial system within the context of the trade-off between centralized control and rapid growth. This 30th volume of Research in Law and Economics showcases the cutting edge theoretical and empirical findings for researchers and professionals considering these complex issues intersecting law, technology, and economics.

As global markets toppled during the 2008 financial crisis, the Canadian market for non-bank asset-backed commercial paper (ABCP) seemed on the verge of collapsing. Fueled by a top rating from DBRS, ABCP had found its way into the portfolios of some of Canada's most sophisticated investors as well as vulnerable retail investors who didn't know what they were holding.The failure of the $32 billion market could have tipped Canadian and foreign credit default swap markets into chaos if it weren't for the swift actions of a few powerful asset holders. Collectively, through the Montreal Accord and led by veteran Canadian lawyer Purdy Crawford, they managed to hold the Canadian ABCP market back from the brink of collapse by crafting a complex and innovative solution.Back from the Brink goes behind the scenes of the ABCP crisis to examine how a solution was reached and lessons learned that could prevent or mitigate future crises. The authors also examine the imaginative use of the Companies'Creditors Arrangement Act and describe the roles played by the banks, the major investors, rating agencies, and the financial regulators in the crisis's origins and conclusions. Back from the Brink holds important lessons for anyone interested in Canadian law, the future of complex investments, and Canada's capital markets.

Drawing on phenomenological and realist approaches, this book surveys the theoretical evolution of new institutional economics.For all its popularity and explanatory power, new institutional economics is not a homogenous field but encompasses a range of different theoretical approaches starting from Coase and the introduction of transaction costs. In particular, the concept of rationality is a rich source of dispute leading to a bifurcation between ‘insider'and ‘outsider'perspectives. The insider view refers to studying conscious human beings – the economic actor – who seek their self-interest and find themselves in their mundane situation. The self-interest of the economic actor bestows him with logic. It makes the logic of the situation the method of economics, as Karl Popper establishes. Thus, the book argues for the positioning of new institutional economics as situational logic, that is, an economic theory that formulates and studies single-exit situations that face the economic actor. Ultimately, this book presents a critical appraisal of new institutional economics theories based on a substantiated methodological perspective that effectively navigates the theorist between realism and rigor.This book will be of interest to readers of new institutional economics, economic theory, and the philosophy of economics and social sciences.