Business Commons^™

Axiomatic Social Choice Theory, David Randall Jenkins

David Randall Jenkins

Ordered Relations Theory’s two axioms ultimately enable (individual: society) well-being transitivity inasmuch as they impound Social Choice Theory’s impossibility theorem, impossibility-resolving axioms, and all such further regressive impossibility theorems and impossibility-resolving axioms.

Игры В Призрачном Мире Теневой Банковской Деятельности, Bryane Michael

Брайн Майкл

В своем анализе мы, ско- рее, делаем акцент на способах, позволяю- щих теневому банковскому сектору прино- сить пользу отдельным предпринимателям и компаниям на быстроразвивающихся рынках. Кредиты от таких «небанковских финансовых учреждений», как их часто на- зывают, способны помочь в ослаблении се- рьезных кредитных ограничений во многих анализируемых нами экономических систе- мах. Вследствие этого мы предпочли сосре- доточиться на том, каким образом отдель- ные предприниматели и компании могут предоставлять недорогие кредиты, предла- гать инвесторам доход, генерируемый та- кими кредитами, и при этом по-прежнему получать прибыль.

Compound Interest And The Power Of Saving, Richard H. Serlin

Richard H. Serlin

This is an article with an included assignment that I give to my personal finance 1 students. The first part talks about the power of compound interest. I go into depth about the intuition why it's so powerful, why it takes off, and has been called the eighth wonder of the world. I've haven't seen anywhere else an extensive explanation of the intuition like I have here.

In the second part I give the students a nice assignment to see how much their savings can grow if they invest even a modest amount consistently, month in and month out, in …

Timing Is Everything? An Empirical Analysis Of The Determinants Of Service Quality Provision, Olivier Chatain, Alon Eizenberg

Olivier Chatain

We utilize a unique database from a large legal services provider to examine how service quality responds to the firm's available capacity, and to the nature of the firm-client relationship. We develop empirical measures of both the (internal) level of resources available to the firm at different points in time, and of the (external) value creation for customers. Our results indicate that service quality increases in the amount of the firm's available resources, suggesting that quality adjustment can be used as a means of tackling capacity constraints. We also find that service quality increases in the number of previous successful …

Regional Institutional Development, Political Connections, And Entrepreneurial Performance In China's Transition Economy, Wubiao Zhou

Wubiao Zhou

While previous research has emphasized the role of political connections in facilitating entrepreneurial performance in China’ early reform period (1978 – 1999), this study argues that regional institutions had been increasingly conducive to entrepreneurial activities and, thus, also played a key role in China’s entrepreneurial success during that period. The purpose of this study is twofold. First, it aims to demonstrate how regional institutional development facilitated entrepreneurial performance in China. Second, it aims to understand how formal institutional development among Chinese regions affected the role of political connections. Using a two-level hierarchical dataset on Chinese private enterprises, this study finds …

The Growth And Transformation Of The Temporary Job Market, Travis J. Begin

Travis J Begin

The temporary job market is likely to grow as the economy evolves. This descriptive analysis discusses from a labor supply and demand perspective the determinants of temporary employment, where it developed, who it pertains to, and in which industries and occupations it is utilized. In addition, statistical analysis provides an insight into the temporary employment form in international labor markets. This provides a framework to predict the future of temporary employment as the economy evolves.

Housing Vouchers And The Price Of Rental Housing, Michael D. Eriksen, Amanda Ross

Michael D Eriksen

We estimate the effect of increasing the supply of housing vouchers on rents using a panel of housing units in the American Housing Survey. We do not find that an increase in vouchers affected the overall price of rental housing, but do estimate differences in effects based on an individual unit’s rent before the voucher expansion. Our results are consistent with voucher recipients renting more expensive units after receiving the subsidy. We also find that the largest price increases were for units near the maximum allowable voucher rent in cities with an inelastic housing supply.