Source: DE ECONOMIST 150, NO. 3, 2002 HOW FAIR IS FAIR TRADE? ** BY ROBBERT MASELAND AND ALBERT DE VAAL* Summary This paper investigates to what extent fair trade programmes, are indeed ‘fair.’ This is accomplished by comparing fair trade with free trade and protectionist trade regimes on their compliance of the criteria set by the fair trade movement itself. This comparison is made using comparative cost based models and economies of scale models. It is found that whether or not fair trade
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Behavioural Finance Martin Sewell University of Cambridge February 2007 (revised April 2010) Abstract An introduction to behavioural finance, including a review of the major works and a summary of important heuristics. 1 Introduction Behavioural finance is the study of the influence of psychology on the behaviour of financial practitioners and the subsequent effect on markets. Behavioural finance is of interest because it helps explain why and how markets might be inefficient. For more information
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Behavioural Finance Martin Sewell University of Cambridge February 2007 (revised April 2010) Abstract An introduction to behavioural finance, including a review of the major works and a summary of important heuristics. 1 Introduction Behavioural finance is the study of the influence of psychology on the behaviour of financial practitioners and the subsequent effect on markets. Behavioural finance is of interest because it helps explain why and how markets might be inefficient. For more
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How it came To Be That Too Many Cooks Spoil the Broth: A Study into the Problems of Ill-Defined Property Rights “Resources are limited, whereas Human wants are unlimited. Economics is the study of how people utilize these goods as to get the highest level of satisfaction.” These are few of the very first words of wisdom every novel economist has to learn. Further on in his pursue of knowledge he is explained; In organizations conflict often revolves around common resources as they are critical
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ACADEMY SCHOOL OF GREAT BRITAIN By Group 16 XIAO HUANG Supervisor: Dr Matthew Aldrich Dr Grischa Perino
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Table of Contents INTRODUCTION 2 I. LITERATURE REVIEW 3 I.1 Externalities 3 I.2. Environmental tax 5 II. THE LEVY ON PLASTIC BAGS IN IRELAND 8 II.1. Summary 8 II.2.The nature of the levy 10 II.3. Implementation and enforcement 12 II.4. Results and impacts 12 III. LESSON FROM PLASTIC BAGS LEVY IN IRELAND 17 III.1. Ireland’s lessons 17 III.2. Plastic bags levy in Vietnam: 19 CONCLUSION 23 REFERENCES 24 INTRODUCTION Now that people increasingly pay more attention to environmental
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Chapter One – Thinking As An Economist Objectives – * Define Economics – Economics is the study of how people make choices in conditions of scarcity, and of the results upon society. Economics develop models, to represent reality, to help draw correct conclusions about decisions. * Recognise economic decisions(Defn in 1.1) and define an economic naturalist – one who recognises economic decisions around them, who can apply these skills to explain our decisions, and understand the costs and
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Resource Markets WP-RM-18 Recent Developments in Transaction Cost Economics Sophia Ruester January 2010 Chair for Energy Economics and Public Sector Management Electronic copy available at: http://ssrn.com/abstract=1535903 Recent Developments in Transaction Cost Economics Sophia Ruester1 Abstract This working paper provides a summary on transaction cost economics (TCE) and recent developments thereof. After an introductory discussion of TCE’s role within the field of New Institutional
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An Analysis of the Government's Role in the Mining Industry in the Philippines Steven B. Baria Kim Edbonn C. Castillo Maridy D. Nuyda Economics 151 Prof. Teresa J Ho March 13, 2013 The stance of the government in recapturing the essence of the mining industry in the country has been reiterated time and again. The industry has been tapped as one of the most viable provider of revenues and employment through local and foreign investments. Past administrations had stressed the importance
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THE ARMCHAIR ECONOMIST by Steven E. Landsburg Praise: "Witty economists are about as easy to find as anorexic mezzo-sopranos, natty mujahedeen, and cheerful Philadelphians. But Steven E. Landsburg...is one economist who fits the bill. In a wide-ranging, easily digested, unbelievably contrarian survey of everything from why popcorn at movie houses costs so much to why recycling may actually reduce the number of trees on the planet, the University of Rochester professor valiantly turns the discussion
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