Risk Aversion‚ Performance Pay‚ and the Principal-Agent Problem Author(s): Joseph G. Haubrich Source: The Journal of Political Economy‚ Vol. 102‚ No. 2 (Apr.‚ 1994)‚ pp. 258-276 Published by: The University of Chicago Press Stable URL: http://www.jstor.org/stable/2138661 Accessed: 14/12/2010 04:55 Your use of the JSTOR archive indicates your acceptance of JSTOR’s Terms and Conditions of Use‚ available at http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR’s Terms and Conditions of Use
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{text:bookmark-start} Marijuana vs. Tobacco {text:bookmark-end} Though many people feel differently‚ statistics show that marijuana has more harmful effects than tobacco. Most of the time‚ people are misinformed about the effects relating to tobacco and marijuana smoke. Cannabis smoke has a more substantial amount of harmful chemicals than tobacco and the way people smoke them makes a big difference when it comes to long and short-term effects. The nineteenth century‚ also known as the age
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elements that contribute to rising gasoline prices. The major cause for increasing gasoline prices has to do with refining capacity. Even if oil were inexpensive‚ we would still have a problem converting it into the gas that fuels our economy. That is what keeps the gas prices high. When gas supplies are short‚ due to an “inability to refine crude oil into gas efficiently‚” prices increase. This is a component of supply and demand economics. In a positive aspect‚ rising gasoline prices do serve
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postage with just a PC‚ printer and Internet connection. Although similar services are offered by both the USPS itself‚ as well as competitors like Pitney Bowes /quotes/zigman/238474/quotes/nls/pbi PBI -0.29% ‚ Stamps.com customers seem willing to pay about $21 per month for a better user experience. This might include‚ for example‚ its unique ability to natively integrate with Microsoft Word in order to use that program’s automated mail merge and envelope printing functionality. We’ll discuss
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I believe that the United States will decline in economic importance as China‚ India‚ Brazil and other countries will rise in power and influence politically and economically in the twenty first century. As the other countries are rising‚ we are falling. The United States alone has over fifteen trillion dollars in debt and still counting. We are only falling more and more as we take out more loans from other countries. Soon enough all of the countries are going to be trying to control us because
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advertisements as well as the free advertising that occurs daily with people smoking outside their office‚ in their car‚ and outside the night life scene the cigarette market has a benefit of using the free advertising as a benefit to their company at no cost. The cigarette market is a clear example of an oligopoly market because it is mostly run by a few large firms such as Philip Morris USA‚ Commonwealth Inc‚ Lorillard Inc and Reynolds American Inc. Due to the fact that an oligopoly market is hard to
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potential drawbacks of inward investment by CEMEX in an economy? 1.The value is that CEMEX has a “Midas touch” that transforms a cement business into a thriving business. This brings great stimulation to the host economy and also helps in the construction field‚ which in turn helps to build cities and civilization. No‚ CEMEX would do well to invest inwardly‚ yet‚ CEMEX is better at acquisitioning businesses. 3.CEMEX has a strong preference for acquisitions over greenfield ventures as an entry mode.
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Medical Marijuana A debatable topic in the United States has been the talk of making Marijuana legal for medicinal purposes. Included in the legalization of marijuana contains the right to sell‚ grow‚ use or buy marijuana. The origin of marijuana‚ cannabus satiba‚ came from Eastern Europe‚ India and Iran. Marijuana is the dried blossom of cannabis sativa and cannabis indica plants‚ leafy annual plants with parts that are used for as herbs‚ animal food‚ medicine and as
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People strive for independence and will do anything for it. In 1916 many of the Irish strongly wanted to take hold of Dublin‚ with the purpose to wipe out the British rule in Ireland‚ and hoping to become entirely independent. The Irish wanted to have a republic‚ and become free from the British rule. The leaders before the Easter Uprising started to realize that the public would show their support against the British. The leaders of this rebellion came together to fight for what they believed in
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Throughout the history of television‚ viewers have raised many questions about alcohol advertising. How is advertising affecting us? Does it have an impact on alcohol abuse or alcohol related disease and death? Does advertising influence alcohol consumption? In this essay‚ I will mainly concentrate on why such alcoholic advertisements should be restricted; and to what extent should any governments be able to control advertising. My personal opinion that I maintain is that I agree with having restrictions
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