Incentives in economics are factors that can alter the buying behavior of consumers. They can either be decisions by governments or businesses, such as tax relief when buying hybrid cars or changes dictated by the "invisible hand" of the market, like a rise in oil's price. Professor Steven ...
What is the philosophy of economics? Should it not be the management of self-interest behavior than to be a motivator of it? Explain briefly how the economic way of thinking, in terms of rational, self-interested people responding to incentives, relates to the following si...
How tax incentives affect the economics of solar energy equipment in the state of north carolinaTo promote and encourage the use of solar energy, the state of North Carolina has put in place one of the most favorable corporate energy tax credit packages in the country. The capital cost of ...
Answer to: Economics is the study of how A. people make money. B. psychology influences preferences. C. people make choices preferences are...
Because rational people make decisions by comparing costs and benefits, they respond to incentives. 由于理性人通过比较(边际)成本与效益做出决策,所以会对激励做出反应。You will see that incentives play a central role in the study of economics. One economist went so far as to suggest that the ...
Nonfinancial disclosures of product and business expansion planning occur frequently in practice and are an important vehicle by which managers convey corporate information to outsiders. However, little is known about how the opportunistic incentives of managers affect the choice of such nonfinancial discl...
Bergstresser, D., and J. Poterba. 2002. Do after-tax returns affect mutual fund inflows?Journal of Financial Economics63 (3): 381–414. ArticleGoogle Scholar Bergstresser, D., J.M. Chalmers, and P. Tufano. 2009. Assessing the costs and benefits of brokers in the mutual fund industry...
The purpose of appliedeconomicsis to improve the quality of practice in business, public policy, and daily life by thinking rigorously about costs versus benefits, incentives, and human behavior. It can involve the use of case studies andeconometrics, which is the application of real-world data ...
The business and financial media, price circulars and advertising, consumer and market researchers, and the advancement of information technology all make information about the relevant economic conditions of supply and demand more available to entrepreneurs over time. These market incentives that select ...
One obstacle for policymakersin their efforts to correct market failures is the difficulty of quantifying externalities to increase or decrease consumption or production. In the case of pollution, policymakers have tried tools, including mandates, incentives, penalties and taxes, that would resul...