Bridging the Divide Between Agricultural Economics and the Sustainability Sciences
ABSTRACT This article is based on several decades of experience engaging in interdisciplinary research and teaching involving agronomists, climate scientists, ecologists, hydrologists and geographers, focused on ensuring the long run sustainability of local and global food systems.
Thomas W. Hertel
wiley +1 more source
How much are you willing to pay to avoid lockdowns? Evidence from the real estate market
Abstract In response to the COVID‐19 pandemic, numerous countries implemented lockdowns. In Victoria, Australia, a unique two‐tier system was employed, segregating areas with a Ring of Steel boundary and imposing additional restrictions within. This study focuses on the impact of lockdowns on housing prices and rents, exploring whether people are ...
Jian Liang, Chyi Lin Lee, Qiang Li
wiley +1 more source
Intertemporal Risk Management Decisions of Farmers under Preference, Market, and Policy Dynamics [PDF]
This paper adapts a generalized expected utility (GEU) maximization model (Epstein and Zin, 1989 and 1991) to examine the intertemporal risk management of wheat producers in the Pacific Northwest. Optimization results based on simulated data indicate the
Du, Wen, Wang, H. Holly
core
Investment centre manager's multiperiod fairness perceptions and intertemporal dependency
Abstract This paper explores the motivation of investment centre managers when their investment centre's performance is affected by decisions made by their predecessor. Through a qualitative case study of a Japanese manufacturer, the effectiveness of conventional remedies for motivational issues and further motivational issues caused by the same ...
Hiroyuki Selmes‐Suzuki
wiley +1 more source
Intertemporal substitution and recursive smooth ambiguity preferences [PDF]
In this paper, we establish an axiomatically founded generalized recursive smooth ambiguity model that allows for a separation among intertemporal substitution, risk aversion, and ambiguity aversion.
Miao, Jianjun, Hayashi, Takashi
core
ABSTRACT This study examines the negative effect of earnings pressure (EP) on corporate environmental, social, and governance (ESG) performance and explores governance mechanisms that can address this problem. Drawing on behavioural agency theory and incorporating insights from resource allocation theory and agency theory, this paper identifies the key
Sha Tang +2 more
wiley +1 more source
Estimating intertemporal and intratemporal substitutions when both income and substitution effects are present: the role of durable goods [PDF]
Homotheticity induces a dramatic statistical bias in the estimates of the intratemporal and intertemporal substitutions. I find potent support in favor of nonhomotheticity in aggregate consumption data, with nondurable goods being necessities and durable
pakos, michal
core
The Local Spillover Effect of Marijuana Liberalization: Evidence From Material Misstatements
ABSTRACT This study documents an organizational spillover effect of marijuana liberalization on corporate financial reporting quality. Exploiting the staggered adoption of state‐level medical marijuana legalization (MML) laws, we find that firms headquartered in states adopting MMLs experience a higher likelihood of material misstatements.
Ting‐Chiao Huang, Jin Zhang
wiley +1 more source
TOWARDS A MORE GENERAL APPROACH TO TESTING THE TIME ADDITIVITY HYPOTHESIS [PDF]
A new procedure is proposed for re-examining the assumption of additivity of preferences over time which, although untenable, is usually maintained in intertemporal analyses of consumption and labour supply. The method is an extension of a famous work by
Gary Wong
core
Abstract This paper develops a two‐period model to investigate how fiscal and bureaucratic asymmetries shape yardstick competition (YC), inter‐municipal cooperation (IMC), and rent‐seeking in local public service provision. Unlike previous approaches, we allow incumbents to invest in bureaucratic efficiency, influencing both service quality and ...
Antonio Cortese +2 more
wiley +1 more source

