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  • English
    Authors: 
    Mathur, Kritika; Sinha, Pankaj;
    Country: Germany

    Electricity is a commodity and has a characteristic of being non-storable; it must be consumed once it is produced. In India, the Electricity Act (2003) tries to promote competition by unbundling and treating generation, transmission and distribution as separate entities. In order to address the needs of the power sector, the last decade has seen the setting up of markets for bilateral trading of electricity followed by trading of power on power exchanges in 2008. Power exchanges are able to mitigate risks arising from price volatility for the participants to a large extent. Power exchanges offer short term trading of electricity, of which day-ahead electricity trading on power exchanges forms a significant component. Day-ahead electricity markets allow exchange of contracts with delivery of electricity for the twenty four hours of the next day. The study examines the trading of day-ahead electricity contracts in India.

  • English
    Authors: 
    Tanaka, Yasuhito;
    Country: Germany

    In this note we investigate the relation between a Cournot equilibrium and a Bertrand equilibrium in a duopoly with differentiated goods in which each firm maximizes its relative profit that is the difference between its profit and the profit of the rival firm. We will show that when firms maximize relative profits, a Cournot equilibrium and a Bertrand equilibrium coincide, and the equilibrium outputs under relative maximization is larger than both of the equilibrium outputs at the Cournot equilibrium and the Bertrand equilibrium under absolute profit maximization. We assume that demand functions for the goods of the firms are linear, the marginal costs of the firms are constant and the fixed costs are zero.

  • Other research product . 2003
    English
    Authors: 
    Bouoiyour, Jamal; Jellal, Mohamed; Wollf, François-Charles;
    Country: Germany

    In developing countries, remittances and intra-family private transfers sent by household members who migrate to more developed countries constitute a fundamental source of income and capital accumulation. Then, it is important to understand the motives of migrants who decide to remit back to their families. Drawing on the theory of labor migration under asymmetric information, we show that low-skilled workers are expected to provide higher amounts of remittances when remittances are motivated by self-interest. This transfer paradox is explained as follows. Since low skilled workers are likely to return home when informational symmetry is restored, the optimal remittance level is a decreasing function of the migrant's skill level since remittances may be seen as an implicit insurance, whose benefits are received only under migration return.

  • English
    Authors: 
    Jellal, Mohamed; Tarbalouti, Essaid;
    Country: Germany

    We presented a theory that attempts to explain the stylized fact of the persistence of child labor in developing countries. Our model shows the importance of the role of institutions in explaining the level of education of these countries. These institutions can be formal as the quality of educational governance or informal social norms as incentives for more education. Our main result showed the existence of a strategic complementarity between the formal institution and informal institution which may create a poverty trap.In particular our theoretical model is a conceptual framework for analyzing our preliminary studies in progress on the determinants of child labor in Morocco.

  • English
    Authors: 
    Swaminathan, j; Gowri shankar, u;
    Country: Germany

    Training is the act of increasing the knowledge and skill of an employee for doing particular job .The training is to acquire new skill, technical knowledge, problemsolving, etc. Training improves the performance of employees on present jobs and prepares them for taking up new assignments in the future. Training also helps in the development of the employees. The main objective of the study is to measure the effectiveness of the training in the organization and its impact on employee job performance in the organisation. For collecting the required primary data, a structured questionnaire, with multiple choice and close-ended questions was administered to 60 employees in the organisation through the simple random sampling method. In this study Chi-Square test, Correlation and Anova have been used to interpret the data collected. Based on the research findings the researcher offered suitable suggestions for improving the employee training and development in the organization.

  • English
    Authors: 
    Zhang, Yuzhe;
    Country: Germany

    In this paper I provide a stopping-time-based solution to a long-term contracting problem between a risk-neutral principal and a risk-averse agent. The agent faces a stochastic income stream and cannot commit to the long-term contracting relationship. To compute the optimal contract, I also design an algorithm that is more efficient than value-function iteration.

  • English
    Authors: 
    Malgarini, Marco;
    Country: Germany

    The paper provides new evidence on possible structural breaks in the relationship among business Confidence and industrial activity in Europe in the aftermath of the recession. Possible interpretation is that the crisis has determined a change in the pattern of response in surveys, firms now incorporating a lower level of long term output. A confirmation comes from the analysis of survey data on capacity utilisation: we find indeed that perceived potential output or potential output growth has declined throughout the euro area. Results may be rather important for business cycle analysts and policy makers: for the former, the suggestion is to consider business survey data with particular care, since their interpretation has changed as a consequence of the crisis. Policy makers on the other hand should consider that the recession has changed long term expectations of agents, possibly significantly affecting transmission channels of both monetary and fiscal policies.

  • English
    Authors: 
    Ogunjimi, Joshua; Adebayo, Adedeji;
    Country: Germany

    This study examined the relationship among health expenditure, health outcomes and economic growth in Nigeria for the period between 1981 and 2017. This study adopted the Toda-Yamamoto causality framework to examine these relationships. The Augmented Dickey Fuller unit root test was used to check for maximum order of integration of the variables used in the study and the result was one while the Autoregressive Distributed Lag (ARDL) Bounds test approach to cointegration was used to investigate if a long-run relationship exists among the macroeconomic variables used in the study and the result was in the affirmative. The results of the Toda-Yamamoto causality tests showed a unidirectional causality running from health expenditure to infant mortality while there is no causality between real GDP and infant mortality; a unidirectional causal relationship running from health expenditure and real GDP to life expectancy and maternal mortality; and a unidirectional causal relationship running from real GDP to health expenditure. This study therefore recommended that the Nigerian government should make concerted efforts geared towards increasing the health expenditure at least to meet up with the WHO’s recommendation that all countries should allocate at least 13 per cent of their annual budget to the health sector for effective funding as this would bring desired health outcomes and employ the use of modern technology and the services of professional health personnel should be sought to combat the high incidence of maternal and infant mortality in the health sector in Nigeria.

  • English
    Authors: 
    Kirova, Alla;
    Country: Germany

    The paper presents the results of the inquiry carried out during 2012-2013 among academic researchers in Bulgaria within the research project “Higher Education and Science in Bulgaria at the beginning of the XXI century” at the Economic Research Institute of the BAS. The following problem areas are analysed: family status of the academics; gender inclinations for child care; conditions for reconciling of scientific career with family engagements and parenthood; estimation of the influence of the analysed relation over the trajectories and gender differences in academic career. The due conclusions are filled out with the analysis of the European gender reports in the field of “parenthood and/or research career”. As a result the place of Bulgaria among EU-countries with a view to the relevant indicators is estimated.

  • English
    Authors: 
    Popoola, Oluwatoyin Muse Johnson; Ahmad, Ayoib B Che; Kehinde, Oyewumi Hassan;
    Country: Germany

    The increasing rate of financial irregularities, fraud, and mismanagement rocking Nigerian Tertiary Institutions calls for concern. Despite all control measures put in place by the government, coordinating and regulating agencies, and the institutions themselves, lack of transparency and accountability continues unabated. Literature and documentary evidence have shown that lack of functional internal audit department is one of the factors responsible for the frequent occurrence of these acts. The objective of this study, therefore, is to examine conceptually management support and communication skills as the key factors affecting internal audit task performance in the Nigerian tertiary institutions. Based on the existing literature and the pronouncement of accounting and auditing professional bodies, the study develops a framework of these factors as influencing task performance. The study suggests that adequate management support and effective communication skills of internal auditors will enhance the task performance of internal audit department, hence, curbing the incidence of financial malpractices. The study has policy implications as it will assist the proprietors (government and private individuals), coordinating ministries, regulatory authorities, professional bodies, councils and management of tertiary institutions, and auditors in their decision making and oversight functions.

Advanced search in
Research products
arrow_drop_down
Searching FieldsTerms
Any field
arrow_drop_down
includes
arrow_drop_down
Include:
50,177 Research products, page 2 of 5,018
  • English
    Authors: 
    Mathur, Kritika; Sinha, Pankaj;
    Country: Germany

    Electricity is a commodity and has a characteristic of being non-storable; it must be consumed once it is produced. In India, the Electricity Act (2003) tries to promote competition by unbundling and treating generation, transmission and distribution as separate entities. In order to address the needs of the power sector, the last decade has seen the setting up of markets for bilateral trading of electricity followed by trading of power on power exchanges in 2008. Power exchanges are able to mitigate risks arising from price volatility for the participants to a large extent. Power exchanges offer short term trading of electricity, of which day-ahead electricity trading on power exchanges forms a significant component. Day-ahead electricity markets allow exchange of contracts with delivery of electricity for the twenty four hours of the next day. The study examines the trading of day-ahead electricity contracts in India.

  • English
    Authors: 
    Tanaka, Yasuhito;
    Country: Germany

    In this note we investigate the relation between a Cournot equilibrium and a Bertrand equilibrium in a duopoly with differentiated goods in which each firm maximizes its relative profit that is the difference between its profit and the profit of the rival firm. We will show that when firms maximize relative profits, a Cournot equilibrium and a Bertrand equilibrium coincide, and the equilibrium outputs under relative maximization is larger than both of the equilibrium outputs at the Cournot equilibrium and the Bertrand equilibrium under absolute profit maximization. We assume that demand functions for the goods of the firms are linear, the marginal costs of the firms are constant and the fixed costs are zero.

  • Other research product . 2003
    English
    Authors: 
    Bouoiyour, Jamal; Jellal, Mohamed; Wollf, François-Charles;
    Country: Germany

    In developing countries, remittances and intra-family private transfers sent by household members who migrate to more developed countries constitute a fundamental source of income and capital accumulation. Then, it is important to understand the motives of migrants who decide to remit back to their families. Drawing on the theory of labor migration under asymmetric information, we show that low-skilled workers are expected to provide higher amounts of remittances when remittances are motivated by self-interest. This transfer paradox is explained as follows. Since low skilled workers are likely to return home when informational symmetry is restored, the optimal remittance level is a decreasing function of the migrant's skill level since remittances may be seen as an implicit insurance, whose benefits are received only under migration return.

  • English
    Authors: 
    Jellal, Mohamed; Tarbalouti, Essaid;
    Country: Germany

    We presented a theory that attempts to explain the stylized fact of the persistence of child labor in developing countries. Our model shows the importance of the role of institutions in explaining the level of education of these countries. These institutions can be formal as the quality of educational governance or informal social norms as incentives for more education. Our main result showed the existence of a strategic complementarity between the formal institution and informal institution which may create a poverty trap.In particular our theoretical model is a conceptual framework for analyzing our preliminary studies in progress on the determinants of child labor in Morocco.

  • English
    Authors: 
    Swaminathan, j; Gowri shankar, u;
    Country: Germany

    Training is the act of increasing the knowledge and skill of an employee for doing particular job .The training is to acquire new skill, technical knowledge, problemsolving, etc. Training improves the performance of employees on present jobs and prepares them for taking up new assignments in the future. Training also helps in the development of the employees. The main objective of the study is to measure the effectiveness of the training in the organization and its impact on employee job performance in the organisation. For collecting the required primary data, a structured questionnaire, with multiple choice and close-ended questions was administered to 60 employees in the organisation through the simple random sampling method. In this study Chi-Square test, Correlation and Anova have been used to interpret the data collected. Based on the research findings the researcher offered suitable suggestions for improving the employee training and development in the organization.

  • English
    Authors: 
    Zhang, Yuzhe;
    Country: Germany

    In this paper I provide a stopping-time-based solution to a long-term contracting problem between a risk-neutral principal and a risk-averse agent. The agent faces a stochastic income stream and cannot commit to the long-term contracting relationship. To compute the optimal contract, I also design an algorithm that is more efficient than value-function iteration.

  • English
    Authors: 
    Malgarini, Marco;
    Country: Germany

    The paper provides new evidence on possible structural breaks in the relationship among business Confidence and industrial activity in Europe in the aftermath of the recession. Possible interpretation is that the crisis has determined a change in the pattern of response in surveys, firms now incorporating a lower level of long term output. A confirmation comes from the analysis of survey data on capacity utilisation: we find indeed that perceived potential output or potential output growth has declined throughout the euro area. Results may be rather important for business cycle analysts and policy makers: for the former, the suggestion is to consider business survey data with particular care, since their interpretation has changed as a consequence of the crisis. Policy makers on the other hand should consider that the recession has changed long term expectations of agents, possibly significantly affecting transmission channels of both monetary and fiscal policies.

  • English
    Authors: 
    Ogunjimi, Joshua; Adebayo, Adedeji;
    Country: Germany

    This study examined the relationship among health expenditure, health outcomes and economic growth in Nigeria for the period between 1981 and 2017. This study adopted the Toda-Yamamoto causality framework to examine these relationships. The Augmented Dickey Fuller unit root test was used to check for maximum order of integration of the variables used in the study and the result was one while the Autoregressive Distributed Lag (ARDL) Bounds test approach to cointegration was used to investigate if a long-run relationship exists among the macroeconomic variables used in the study and the result was in the affirmative. The results of the Toda-Yamamoto causality tests showed a unidirectional causality running from health expenditure to infant mortality while there is no causality between real GDP and infant mortality; a unidirectional causal relationship running from health expenditure and real GDP to life expectancy and maternal mortality; and a unidirectional causal relationship running from real GDP to health expenditure. This study therefore recommended that the Nigerian government should make concerted efforts geared towards increasing the health expenditure at least to meet up with the WHO’s recommendation that all countries should allocate at least 13 per cent of their annual budget to the health sector for effective funding as this would bring desired health outcomes and employ the use of modern technology and the services of professional health personnel should be sought to combat the high incidence of maternal and infant mortality in the health sector in Nigeria.

  • English
    Authors: 
    Kirova, Alla;
    Country: Germany

    The paper presents the results of the inquiry carried out during 2012-2013 among academic researchers in Bulgaria within the research project “Higher Education and Science in Bulgaria at the beginning of the XXI century” at the Economic Research Institute of the BAS. The following problem areas are analysed: family status of the academics; gender inclinations for child care; conditions for reconciling of scientific career with family engagements and parenthood; estimation of the influence of the analysed relation over the trajectories and gender differences in academic career. The due conclusions are filled out with the analysis of the European gender reports in the field of “parenthood and/or research career”. As a result the place of Bulgaria among EU-countries with a view to the relevant indicators is estimated.

  • English
    Authors: 
    Popoola, Oluwatoyin Muse Johnson; Ahmad, Ayoib B Che; Kehinde, Oyewumi Hassan;
    Country: Germany

    The increasing rate of financial irregularities, fraud, and mismanagement rocking Nigerian Tertiary Institutions calls for concern. Despite all control measures put in place by the government, coordinating and regulating agencies, and the institutions themselves, lack of transparency and accountability continues unabated. Literature and documentary evidence have shown that lack of functional internal audit department is one of the factors responsible for the frequent occurrence of these acts. The objective of this study, therefore, is to examine conceptually management support and communication skills as the key factors affecting internal audit task performance in the Nigerian tertiary institutions. Based on the existing literature and the pronouncement of accounting and auditing professional bodies, the study develops a framework of these factors as influencing task performance. The study suggests that adequate management support and effective communication skills of internal auditors will enhance the task performance of internal audit department, hence, curbing the incidence of financial malpractices. The study has policy implications as it will assist the proprietors (government and private individuals), coordinating ministries, regulatory authorities, professional bodies, councils and management of tertiary institutions, and auditors in their decision making and oversight functions.

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