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Warranties without Commitment to Market Participation
International Economic Review, 1993The provision of product warranties when the exit of firms is possible is an example of a more general contracting proble m without full commitment. When firms cannot precommit to future mark et participation, they can exit if continued participation is not profitable, thereby avoiding outstanding warranty obligations.
Bigelow, John +2 more
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Sociology of Development, 2023
Drawing on the frameworks of moral economy and relational sociology, this article examines how small farmers have developed different dispositions toward risk calculation during the market transition in China. Using interview data and ethnographic observation from a village in northeast China, I show that monocropping farmers tend to view and manage ...
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Drawing on the frameworks of moral economy and relational sociology, this article examines how small farmers have developed different dispositions toward risk calculation during the market transition in China. Using interview data and ethnographic observation from a village in northeast China, I show that monocropping farmers tend to view and manage ...
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Stock market aversion? Political preferences and stock market participation
Journal of Financial Economics, 2010We find that left-wing voters and politicians are less likely to invest in stocks, controlling for income, wealth, education, and other relevant factors. This finding from unique data sets in Finland is robust both at the zip code and at the individual level. A moderate left voter is 17-20% less likely to own stocks than a moderate right voter.
Torstila, Sami, Kaustia, Markku
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2015
The market participant study documented in the following chapter addresses the fourth research question, investigating the views that market participants in the field of age-based innovations take on lead markets. While the previous chapters already incorporate some information empirically gathered in personal communication, they do not reflect a ...
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The market participant study documented in the following chapter addresses the fourth research question, investigating the views that market participants in the field of age-based innovations take on lead markets. While the previous chapters already incorporate some information empirically gathered in personal communication, they do not reflect a ...
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Market Participation and Share Prices
Mathematical Finance, 1997Share prices are analyzed in an overlapping generations model in which the generational size is random. This models stochastic fluctuations of market participants and can explain noninformational volatility of share prices. There exists a (stochastic) stationary equilibrium, which may be nonunique.
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Market participation of Microgrids
2009This chapter discusses the market participation of Microgrids. The electricity market reforms have brought about major changes in the market monopoly of the vertically integrated power systems. Three major components of vertically integrated monopoly are generation, transmission and distribution.
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Labour Market Participation in Matching Equilibrium
Economica, 1987This paper uses ideas developed recently in models of equilibrium search to consider the participation decision of workers who have different preferences for leisure. The matching process is random, the production process deterministic, and wages are determined by a Nash bargain among participants.
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Do remittances alter labour market participation?
SEER, 2013The paper focuses on the impact of remittances on the labor market participation using propensity score matching. Using household survey data for Albania, this paper relies on the matching approach for the identification. The nearest neighbor and kernel estimators are used to obtain the matching results.The vector of covariates includes information ...
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