happens when the merchant or seller knows more around an item than the purchaser. A lemon is an American slang term for a car that is discovered to be blemished or defective strictly when it has been purchased. Akerlof‚ Michael Spence‚ and Joseph Stiglitz mutually got the Nobel Memorial Prize in Economic Sciences in 2001 for their examination identified with awry data. Akerlof’s paper utilizes the business sector for utilized cars as a case of the issue of value instability. It reasons that owners
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World Bank‚ Washington‚ D.C. pp 2‚ 5-7 Littlefield‚ E.‚ Murduch‚ J Schmidt‚ R.H and Zeitinger‚ C.P (1997)‚ "Critical Issues in Micro business Finance and the Role of Donors" .InterdisziplinareProjekt Consult GmbH‚ Germany. pp. 105-113. Stiglitz‚ 1990).Stiglitz J.‚ (1990) Adams‚ D. and Picshke‚ J. D (1992) “Microenterprise Credit Programs: Déjà vu” World Development‚ Vol. 20‚ pp 1463-1470. Ajai Nair‚( 2005) Aryeetey‚ E.‚ A. Baah-Nuakoh‚ T. Duggleby‚ H. Hettige‚ and W. F. Steel‚ 1994. “Supply and
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Table of Contents 1. Introduction 3 2. The Phenomenon 3 3. The theories / the literature 6 3.1 Different economic theories 6 3.2 How would Locke‚ Smith and Marx evaluate the various events in this case? 7 4. The Reality 8 5. Conclusions/Decisions 9 1. Introduction The moon is an orbital albino‚ and it gets tons of sunlight‚ so I propose Operation Sunscreen‚ where astronauts coat the surface of the moon with a protective layer of sunscreen. If you care about albinos and
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Unfulfilled Promise of Executive Compensation (2006) * Bebchuk‚ Lucian; Grinstein‚ Yaniv (April 2005). "The Growth of Executive Pay". Harvard University: John M. Olin Center for Law‚ Economics and Business. Newspaper articles * Sean O ’Grady‚ ’Economist Stiglitz blames crunch on ’flawed ’ City bonuses system ’ (24.3.2008) The Independent * Louise Story‚ ’Windfall Is Seen as Bank Bonuses Are Paid in Stock ’ (7.11.2009) New York Times * ’"Chief executives ’ pay rises to £2.5m average ’ (4.8.2005) The
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Information Age is a term that has been used to refer to the present economic era. The name alludes to the global economy’s shift in focus away from the production of physical goods (as exemplified by the industrial age) and toward the manipulation of information. Information technology The relatively recent field of information technology concerns the use of computer-based information systems to convert‚ store‚ protect‚ process‚ transmit and retrieve information. Technological advances in
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Paul Krugman Paul Krugman is an economist. His fields of interest are international economics and macro-economics. He teaches economics and international affairs at Princeton University and London School of Economics. He received his education from MIT and Yale University. His primary contributions to the field can be summarized as International trade theory and New trade theory‚ for which he received a Nobel Prize in 2008. Paul Krugman has written any books including scholarly works and textbooks;
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(2007); “The Impact of Capital Market Reform”. Babcock University Journal of Management and Social Sciences. Volume 6‚ number 1. Stein‚ J. and Sethness (1988): “Takeover Threats and Managerial Myopia‚” Journal of Political Economy‚ 96(1)‚ pp.61-80. Stiglitz (1985): “Credit Markets and the Control of Capital”‚ Journal of Money‚ Credit and Banking 17(2‚ May)‚ pp.133-52. Arowolo. E.A (1971): “The Development of Capital Markets in Africa with Particular Reference to Kenya and Nigeria.” IMF Staff Papers
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Capital Flows and Long-Term Economic Growth: Micro and Macroeconomic Perspectives”‚ Cambridge Discussion Papers in Accounting and Finance‚ AF30‚ University of Cambridge‚ March 1998. Stiglitz‚ Joseph (1993): “The Role of State in Financial Markets” Proceedings of the World Bank Annual Conference on Development Economics. Stiglitz‚ Joseph (2000) “Capital Market Liberalization‚ Economic Growth‚ and Instability” World Development‚ June‚ Vol. 28‚ No.6‚ pp. 1075-1086. Taggart‚ Jr. R. A. (1985): “Secular Patterns
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R. Jr.‚ 2005‚ Value added taxes and international trade: the evidence‚ Mimeo‚ Michigan: University of Michigan. Ebrill‚ L. P.‚ Keen‚ M.‚ Bodin‚ J.‚ Summers‚ V.‚ 2001. The Modern VAT. International Monetary Fund‚ Washington D.C. Emran‚ S. M. and Stiglitz‚ J. E.‚ 2005. “On selective indirect tax reform in developing countries’‚ Journal of Public Economics”‚ 89‚ pp. 599–623. Godwin. M. R. 1978. “Compliance costs - the cost of paying taxes’‚ Omega International Journal”‚ Vol. 6‚ no. 5‚ pp. 389-398.
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Unemployment From Wikipedia‚ the free encyclopedia Unemployment (or joblessness)‚ as defined by the International Labour Organization‚ occurs when people are without jobs and they have actively sought work within the past four weeks.[2] The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labour force. In a 2011 news story‚ BusinessWeek reported‚ "More than
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