in this paper, we introduce non-interest profit/loss sharing (pls) banks into a three-period overlapping generations model. two types, (low- and high quality) investments are assumed and capital accumulation and level of output in the steady state is considered. then, administrative rationing is introduced to the model. it is shown that the level of capital accumulation and output in equilibriu...

On a “marketplace” platform, where two sides of users trade, the platform owner has an incentive to regulate its marketplace for a higher profit. This study focuses on a monopoly platform’s nonpricing, regulatory strategies in governing quality heterogeneity of competing sellers. In contrast to related studies, we endogenize strategic interactions among platform users. Our model extends the cir...

limit coverage, and they reap billions in excessive salaries, profits, and bonuses. Look at the facts: United Health earned $2.9 billion last year. WellPoint reported profits of $2.5 billion. For CEO pay, United Health Group’s Stephen Hemsley made $3.2 million. WellPoint’s Angela Braly made $9.8 million. It doesn’t stop there. Former United Health Group’s CEO, Bill McGuire, left his job in 2006...

Quality of service has emerged as an important issue in the regulation of electricity distribution networks. Incentive regulation is supposed to promote cost saving, investment efficiency as well as service quality. Service quality regulation may involve a political aspect that may come into conflict with economic considerations. Although individually tailored service qualities would result in ...

The focus on quality is one of the hallmarks of the lean production system. Quality is a major enabler of reduced costs, both directly through reductions in the quality assurance function and the cost of rework, and indirectly as it facilitates the reduction of inventory buffers. In this chapter, we discuss the critical role of quality in the lean system and report on efforts to improve quality...

recently, use of research, theory, evidence-based practice (ebp), and quality improvement (qi) has increased dramatically in the professional manuscripts and discourses of the health related literature. however, inadequate knowledge and inability to recognize the differences between these processes have led to uncertainty in some of these practices. elucidation of such processes is of paramount...

This paper studies the approach of accounting information quality on investment efficiency, from the context of the Chinese reality system. The empirical results confirm that the proxy for accounting information quality is negatively associated with over-investment or under-investment. Furthermore, there is a negative association between the quality of accounting information and the future inve...