This paper develops a model to explain why mass privatization can become troublesome when taking into account asymmetry of information and economies of scale. It also shows that, in early stages of reforms, organizational form is irrelevant, but cooperation among the contractual parties is necessary for efficiency. We then incorporates repeated-game framework into the model to study how propert...

Objectives: This paper evaluates the drivers of profitability for a large sample of U.S. hospitals. Following a methodology frequently used by financial analysts, we use a DuPont analysis as a framework to evaluate the quality of earnings. By decomposing returns on equity (ROE) into profit margin, total asset turnover, and capital structure, the DuPont analysis reveals what drives overall profi...

Tuna fisheries around the world are governed by Regional Fishery Management Organizations (RFMOs), whose membership includes both harvesting nations and nations in whose waters the targeted fish populations reside. The outcomes of the policies established by an RFMO will depend on subsequent interactions among the fleets, the fishing sites and the RFMO itself – an interplay that can be formally...

The recent oil and gas production boom in the contiguous United States generated tens of billions in additional royalty income for owners of oil and gas rights. We use the royalty income shock to study the local multiplier effect of unanticipated income and find that each royalty dollar received by county residents created an additional $0.50 in local income, mostly through greater wage income....

OBJECTIVE Our main objective was to analyse how the evolution of household assets ownership affected the Indicador Econômico Nacional (IEN - National Wealth index) and to point out the most stable assets and which lost importance more quickly. METHODS We analysed the trend of the ownership of each IEN variable and the distribution of the households' scores. We calculated the correlation coeff...

Analysts, investors and entrepreneurs have for long recognized the value of comprehensive user profiles. While there is a market for trading such personal information among companies, the users, who are actually the providers of such information, are not asked to the negotiations table. To date, there is little information on how users value their personal information. In an online survey-based...

Racial differences in wealth ownership are among the most extreme and persistent forms of stratification in the United States, but the factors that contribute to this inequality are unclear. One potentially important contributing factor is family background. It is a critical determinant of attainment, and both childhood family resources and family structure vary racially. This article reports t...

Strategies for meeting Sustainable Development Goal 7 of providing access to electricity all recognize the important role that off-grid solutions will need play. Mini-grids from part this response, yet little data exists on household demand these customers. Predicting accurately is a crucial planning financially viable mini-grid systems, so it understand as fully possible. This paper draws mete...

Currently, the development of Islamic capital market shows rapid progress, as evidenced by increase in index JII (Jakarta Index) list. The presence financial products such sharia invests is considered to be a solution investment problems that have occurred recently. One islamic developing today sukuk. Today sukuk has become one strongest elements economy. type Indonesia ijarah research method u...

Cryptocurrency burst onto the scene in 2009 with Bitcoin. A person can buy almost anything cryptocurrency. However, thousands of cryptocurrencies are highly volatile. The majority cryptocurrency owners younger, educated males. relies on blockchain technology. To add new blocks to blockchain, they must be mined. Non-fungible tokens represent ownership an exclusive digital asset (e.g., a painting...