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Toward an Understanding of why Suggestions Work in Charitable Fundraising: Theory and Evidence from a Natural Field Experiment
Suggestions Work Charitable Fundraising Theory Evidence Natural Field Experiment
2013/11/27
People respond to those who ask. Within the charitable fundraising community, the power of the ask represents the backbone of most fundraising strategies. Despite this, the optimal design of communica...
When voters fear that politicians may be influenced or corrupted by the rich elite, signals of integrity are valuable. As a consequence, an honest politician seeking reelection chooses “populist” poli...
We would like to thank Paolo Fulghieri (editor), Douglas Gale, an anonymous referee, and the
participants of the FIRS Conference in Florence for helpful comments. All errors are our own. The
views e...
Value Chains and Small Enterprise Development: Theory and Praxis
Value Chain Micro and Small Enterprises Competitiveness
2013/2/19
Drawing insights from the literature on global value chains and similar approaches, it is argued that adopting a value chain approach could help Micro and Small Enterprises (MSEs) to gain from the ben...
An Elementary Theory of Global Supply Chains
global supply chains vertical specialization interdependence of nations
2014/9/10
This article develops an elementary theory of global supply chains. We consider a world economy with an arbitrary number of countries, one factor of production, a continuum of intermediate goods and o...
Fire sales that occur during crises beg the question of why su￠ cient outside capital does not move in quickly to take advantage of Öre sales, or in other words, why outside capital is so ìslow-m...
Inverse Thinking in Economic Theory: A Radical Approach to Economic Thinking
Inverse Thinking in Economic Theory Radical Approach Economic Thinking
2012/9/14
T he seriousness of the curre nt crisis urgently demands new ec onomic thinking that breaks the austerity vs .deficit spending circle in economic policy. The core tenet of the paper is that th...
The Keynesian theory and the manufactured industry in Portugal
Verdoorn law panel data manufactured industries Portuguese regions.
2012/9/14
About the economic growth the Keynesian theorists defend circular and cumulative processes,benefiting the rich localities and harming the poorest, without external interventions. In these processes t...
General Balance Functions in the Theory of Interest
balance function investment project internal rate of return
2012/9/14
We develop an axiomatic theory of balance functions (future value functions) in the theory of interest that is derived from financial considerations and which applies to general regulated payment stre...
On the Equivalence of Quadratic Optimization Problems Commonly Used in Portfolio Theory
investment analysis mean-variance analysis parameter uncertainty interval estimation test theory.
2012/9/14
In the paper, we consider three quadratic optimization problems which are frequently applied in portfolio theory, i.e, the Markowitz mean-variance problem as well as the problems based on the mean-var...
Institutions matter: they affect individual action, influence cooperation and are crucial in making the difference between wealth and poverty, growth and stagnation. Yet, the explanatory power of mode...
Representation Theory for Risk On Markowitz-Tversky-Kahneman Topology
representation theory topological groups utility hypersurface risk torsion chaos loss aversion
2012/9/14
We introduce a representation theory for risk operations onlocally com-pact groups in a partition of unity on a topological manifoldfor Markowitz-Tversky-Kahneman (MTK) reference points. We identify (...
Economic growth is unpredictable unless demand is quanti ed. We solve this problem by introducing the demand for unpaid spare time and a user quantity named human capacity. It organizes and ampli es s...
Toward A Normative Theory of Normative Marketing Theory
Normative marketing theory strategy systems theory relationship marketing networks turbulence environment
2012/6/5
We show how different approaches to developing marketing strategies depending on the type of environment a firm faces, where environments are distinguished in terms of their systems properties not the...
We present a political economy theory of growth in which the government affects the growth rate both directly through public investments in infrastructure, and indirectly through the effec...