This paper constructs a dynamic game model to address the following groundwater management problem, where quantity and quality of the water are taken into account. A group of farmers overexploits a groundwater stock and causes excessive pollution. A water agency wishes to regulate the farmers' activity, in order to reach a minimum level of quantity and quality but is subject to a budget constra...

Retail managers were examined to determine their leadership styles and any potential correlations to conflict management styles. Research findings suggest that successful retail managers exhibit transformational leadership styles, and those that exhibit laissez-faire leadership is strongly correlated with avoidance conflict management style. The Conflict Management Style (CMS) and Multi Leaders...

The question we ask is: within the set of a three-period-lived OLG economies with a stochastic endowment process, a stochastic dividend process, and sequentially incomplete complete markets, under what set of conditions may a set of government transfers dynamically Pareto dominate the laissez faire equilibrium? We start by characterizing perfect risk sharing and find that it implies a strongly ...

The Asian immigration debate has become one of the most contentious topics of debate in Australia. Little about the debate is new and most of the arguments, both in favour and against, begin with demographic considerations, then move on to the economic consequences of immigration and the social and cultural ramifications. Delving deeper into the debate, one will realize that there is an underly...

The recent governance and anticorruption initiative of the World Bank1 (the Bank) has come under intense fire from developing nations and some corners of Europe. There is little disagreement that corruption and poor governance in developing nations represent substantial impediments to sustainable growth. The issue is whether the Bank’s continuing efforts to root out corruption and promote good ...

Mandates are policy tools that are becoming increasingly popular to promote renewable energy use. In addition to mitigating the pollution externality of conventional energy, mandates have the potential to promote R&D investments in renewable energy technology. But how well do mandates perform as innovation incentives? To address this question, we develop a partial equilibrium model with endogen...

This study provided a comprehensive examination of the full range of transformational, transactional, and laissez-faire leadership. Results (based on 626 correlations from 87 sources) revealed an overall validity of .44 for transformational leadership, and this validity generalized over longitudinal and multisource designs. Contingent reward (.39) and laissez-faire (-.37) leadership had the nex...