scholarly journals An Efficiency Wage—Imperfect Information Model of the Phillips Curve

2017 ◽  
Vol 05 (02) ◽  
pp. 24-39
Author(s):  
Carl M. Campbell III
Author(s):  
Luis Antonio Andrade Rosas

ABSTRACTSometimes, the size of a company exceeds the level of sales and generates losses; to reduce them, it is proposed that the company incorporates its supplier. Such incorporation can be done in two ways: i) acquire it completely, or ii) associate it. An imperfect information model is built for the company, and the types of suppliers that exist are determined. Based on a signal from the provider, a threshold is derived from which it is beneficial for the company to incorporate the supplier. In addition, 50% could be granted to the provider if it is of healthy finances.RESUMENEn ocasiones, el tamaño de una empresa sobrepasa el nivel de ventas y genera pérdidas; para reducirlas, se propone la incorporación de una proveedora por parte de la empresa. Tal incorporación la puede hacer de dos formas: i) Adquirirla completamente, o ii) asociarla. Se construye un modelo de información imperfecta para la empresa, y se determinan los tipos de proveedoras que existen. Con base en una señal de la proveedora, se deduce un umbral a partir del cual es benéfico para la empresa incorporar a la proveedora. Además, podría otorgarse el 50% a la proveedora si fuera de finanzas sanas.


2014 ◽  
pp. 99-122
Author(s):  
M. Levin ◽  
K. Matrosova

The paper considers monitoring of environmental change as the central element of environmental regulation. Monitoring, as each kind of principalagent relations, easily gives rise to corruptive behavior. In the paper we analyze economic models of environmental monitoring with high costs, incomplete information and corruption. These models should be the elements of environmental economics and are needed to create an effective system of nature protection measures.


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