Book•
Intermediate microeconomics : A modern approach
01 Jan 2006-
TL;DR: The Varian approach as mentioned in this paper gives students tools they can use on exams, in the rest of their classes, and in their careers after graduation, and is still the most modern presentation of the subject.
Abstract: This best-selling text is still the most modern presentation of the subject. The Varian approach gives students tools they can use on exams, in the rest of their classes, and in their careers after graduation.
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TL;DR: In this article, the authors investigated how Fair Trade works and whether the social aims can be achieved by the application of this trade concept and concluded that even though efficiency of redistribution through the Fair Trade institutions is lower than through traditional relief organizations, the Fair trade concept provides an additional incentive to support better living conditions in the Third World.
Abstract: The concept of Fair Trade is applied to the marketing of a variety of goods. In recent years it has met a continually increasing interest among consumers. Different Fair Trade organizations are trying to accomplish an improvement in working and living conditions in developing countries by means of Fair Trade certificates and by paying a price markedly above world market standard. This is meant to lead to the attainment of basic social standards, especially in agricultural production. The article deals with how Fair Trade works and whether the social aims can be achieved by the application of this trade concept. Our main result is that even though efficiency of redistribution through the Fair Trade institutions is lower than through traditional relief organizations, the Fair Trade concept provides an additional incentive to support better living conditions in the Third World. Moreover, it provides a stimulus for producers to reorganize the production process in a socially more acceptable manner even when this is not rewarded by the Fair Trade company.
57 citations
Cites background from "Intermediate microeconomics : A mod..."
...11 For the economic theory of product bundling, see Pyndick and Rubinfeld (2001); Varian (2003) ....
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Posted Content•
TL;DR: The authors examined how adding leading non-financial value drivers to a lagging summary financial measure affects managerial decision making in firms where either intangible assets (intangible assets firm) or tangible assets (tangible assets) are more important for future financial performance.
Abstract: This paper examines how adding leading non-financial value drivers to a lagging summary financial measure affects managerial decision making in firms where either intangible assets (intangible assets firm) or tangible assets (tangible assets firm) are more important for future financial performance. Using an experiment, I compare a control performance evaluation system (PES) with feedback and incentives on only a summary financial measure to a PES with added feedback on non-financial measures and a PES with added feedback and incentives on non-financial measures. I find that managers increase their decision quality more in the intangible assets firm than in the tangible assets firm when both feedback and incentives on non-financial measures are added, but not when only feedback on non-financial measures is added. Early in the experiment, managers of the intangible assets firm do not make better decisions with the adding of only feedback on non-financial measures, but do so with the further adding of incentives on non-financial measures. However, managers of the intangible assets firm improve their decisions over time with the adding of only feedback on non-financial measures. On the other hand, managers of the tangible assets firm do not make better decisions with the adding of only feedback on non-financial measures nor with the further adding of incentives on non-financial measures. The results suggest that the benefits of adding non-financial value drivers may vary based on a firm's dependency on tangible versus intangible assets, and on whether the non-financial value drivers are explicitly rewarded in the incentive contract.
56 citations
TL;DR: In this article, an integrated methodological framework for ex-ante evaluation and planning of public policies for sustainable agriculture at agro-landscape level is proposed, which is illustrated with a case study in a small dairy farming dominated agrolandscape in The Netherlands, with gross margin, landscape quality, nature value and environmental health as the analysed ecosystem functions.
56 citations
TL;DR: In this paper, the authors present an estimate of the price elasticity of supply for tobacco output in Zimbabwe using an adapted Nerlovian model, suggesting that tobacco farmers are highly unresponsive to price changes.
Abstract: This paper presents an estimate of the price elasticity of supply for tobacco output in Zimbabwe using an adapted Nerlovian model. The results indicate a short-run elasticity of +0.34 and a long-run elasticity of +0.81, suggesting that tobacco farmers are highly unresponsive to price changes. These estimates are similar to those obtained for tobacco in supply response studies conducted in other developing African countries.
56 citations
TL;DR: A comparison of managerial hiring intentions and attitudes toward people with disabilities between service businesses and goods-producing industries found that service firms are more likely to hire people with disability as discussed by the authors, while goods producing industries are less likely to do so.
Abstract: A comparison of managerial hiring intentions and attitudes toward people with disabilities between service businesses and goods-producing industries found that service firms are more likely to recr...
56 citations
Cites background from "Intermediate microeconomics : A mod..."
...In economic theory, a company’s objective is typically assumed to be the maximization of profit, which is constrained by the company’s cost structure, the demand for its product, and competition from other companies in its market (Varian 2009)....
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