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Full-Text Articles in Business
Uniform Pricing Or Pay-As-Bid Pricing: A Dilemma For California And Beyond, Peter Cramton, Alfred E. Kahn, Robert H. Porter, Richard D. Tabors
Uniform Pricing Or Pay-As-Bid Pricing: A Dilemma For California And Beyond, Peter Cramton, Alfred E. Kahn, Robert H. Porter, Richard D. Tabors
Peter Cramton
Any belief that a shift from uniform to as-bid pricing would provide power purchasers substantial relief from soaring prices is simply mistaken. The immediate consequence of its introduction would be a radical change in bidding behavior that would introduce new inefficiencies, weaken competition in new generation, and impede expansion of capacity.
The Political Economy Of Distress In East Asian Financial Institutions, Paola Bongini, Stijn Claessens, Giovanni Ferri
The Political Economy Of Distress In East Asian Financial Institutions, Paola Bongini, Stijn Claessens, Giovanni Ferri
Paola Bongini
The 1997±1999 East Asian crisis is an interesting case for studying the determinants of distress and closure of ®nancial institutions. Of a sample of 283 ®nancial institutions from Indonesia, Korea, Malaysia, the Philippines, and Thailand, 120 experienced distress, and by July 1999, 38 were closed. We ®nd that traditional, CAMEL-type ®nancial data for 1996 help predict distress and closure. ``Connections''Ðwith industrial groups or in¯uential familiesÐincreased the likelihood of distress, however, suggesting that supervisors had granted selective prior forbearance from prudential regulations. Since closure was more, not less, likely with connections, the closure processes themselves appear transparent. We also ®nd evidence …
Innovation, Demand And Employment, Mario Pianta
Innovation, Demand And Employment, Mario Pianta
Mario Pianta
The paper examines the link between technological change and demand and their impact on employment in manufacturing industry. The specific nature of innovation, mainly oriented towards product or process innovations, is considered, in the light of the competitive strategies of firms and industries. An interpretative model is proposed and an empirical analysis is carried out, using the data of the European Innovation Surveys for five countries. The results of cross-industry regressions show that demand, structural change and orientation toward product innovations have a positive impact on employment change in the 1990s, while the intensity of innovative expenditure (including R&D, design, …
Globalizzazione Dal Basso. Economia Mondiale E Movimenti Sociali, Mario Pianta
Globalizzazione Dal Basso. Economia Mondiale E Movimenti Sociali, Mario Pianta
Mario Pianta
No abstract provided.
Trade And Labour, Mario Pianta
Parallel Summits Of Global Civil Society, Mario Pianta
Parallel Summits Of Global Civil Society, Mario Pianta
Mario Pianta
No abstract provided.