General Training Under Asymmetric Information

General Training Under Asymmetric Information

Author: Eliakim Katz

Publisher:

Published: 1989

Total Pages: 38

ISBN-13:

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Firms are unlikely to provide their employees with general training that makes them more desirable to competing firms. They are more likely to provide such training if it is difficult for other firms to measure the value of the training.


Asset Pricing Under Asymmetric Information

Asset Pricing Under Asymmetric Information

Author: Markus Konrad Brunnermeier

Publisher: Oxford University Press, USA

Published: 2001

Total Pages: 264

ISBN-13: 9780198296980

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The role of information is central to the academic debate on finance. This book provides a detailed, current survey of theoretical research into the effect on stock prices of the distribution of information, comparing and contrasting major models. It examines theoretical models that explain bubbles, technical analysis, and herding behavior. It also provides rational explanations for stock market crashes. Analyzing the implications of asymmetries in information is crucial in this area. This book provides a useful survey for graduate students.


Asymmetric Information in Financial Markets

Asymmetric Information in Financial Markets

Author: Ricardo N. Bebczuk

Publisher: Cambridge University Press

Published: 2003-08-21

Total Pages: 176

ISBN-13: 9780521797320

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Asymmetric information (the fact that borrowers have better information than their lenders) and its theoretical and practical evidence now forms part of the basic tool kit of every financial economist. It is a phenomenon that has major implications for a number of economic and financial issues ranging from both micro and macroeconomic level - corporate debt, investment and dividend policies, the depth and duration of business cycles, the rate of long term economic growth - to the origin of financial and international crises. Asymmetric Information in Financial Markets aims to explain this concept in an accessible way, without jargon and by reducing mathematical complexity. Using elementary algebra and statistics, graphs, and convincing real-world evidence, the author explores the foundations of the problems posed by asymmetries of information in a refreshingly accessible and intuitive way.


Handbook of the Economics of Education

Handbook of the Economics of Education

Author: Eric A. Hanushek

Publisher: Elsevier

Published: 2010-11-11

Total Pages: 614

ISBN-13: 0080961827

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How does education affect economic and social outcomes, and how can it inform public policy?Volume 3 of the Handbooks in the Economics of Education uses newly available high quality data from around the world to address these and other core questions. With the help of new methodological approaches, contributors cover econometric methods and international test score data. They examine the determinants of educational outcomes and issues surrounding teacher salaries and licensure. And reflecting government demands for more evidence-based policies, they take new looks at institutional feaures of school systems. Volume editors Eric A. Hanushek (Stanford), Stephen Machin (University College London) and Ludger Woessmann (Ifo Institute for Economic Research, Munich) draw clear lines between newly emerging research on the economics of education and prior work. In conjunction with Volume 4, they measure our current understanding of educational acquisition and its economic and social effects. - Uses rich data to study issues of high contemporary policy relevance - Demonstrates how education serves as an important determinant of economic and social outcomes - Benefits from the globalization of research in the economics of education


Allocation, Information and Markets

Allocation, Information and Markets

Author: John Eatwell

Publisher: Springer

Published: 1989-09-21

Total Pages: 321

ISBN-13: 1349202150

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This is an extract from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This volume concentrates on the topic of allocation information and markets.


Vocational Education and Training in Times of Economic Crisis

Vocational Education and Training in Times of Economic Crisis

Author: Matthias Pilz

Publisher: Springer

Published: 2016-12-20

Total Pages: 494

ISBN-13: 3319478567

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This book brings together a broad range of approaches and methodologies relevant to international comparative vocational education and training (VET). Revealing how youth in transition is affected by economic crises, it provides essential insights into the strengths and weaknesses of the various systems and prospects of VET in contexts ranging from North America to Europe, (e.g. Spain, Germany or the UK) to Asia (such as China, Thailand and India). Though each country examined in this volume is affected by the economic crisis in a different way, the effects are especially apparent for the young generation. In many countries the youth unemployment rate is still very high and the job perspectives for young people are often limited at best. The contributions in this volume demonstrate that VET alone cannot solve these problems, but can be used to support a smooth transition from school to work. If the quality of VET is high and the status and job expectations are good, VET can help to fill the skills gap, especially at the intermediate skill level. Furthermore, VET can also offer a realistic alternative to the university track for young people in many countries.