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Imperfect Market (imperfect + market)

Distribution by Scientific Domains

Business, Economics, Finance and Accounting	80%

Selected Abstracts

THE IMPERFECT MARKET FOR PLAYERS

ECONOMIC PAPERS: A JOURNAL OF APPLIED ECONOMICS AND POLICY, Issue 4 2004
Braham Dabscheck
Professional team sports have developed a series of monopsonistic labour market rules that have severely limited the economic rights and income earning potential of players. These rules have been linked to the peculiar economics of professional team sports-the need of competitors to combine to produce a product (games). The paper identifies such rules. It also provides information on individual challenges by players to these rules before common law courts and collective action by players who formed player associations. The paper also outlines the trajectory of collective-bargaining negotiations in Australian rules football, soccer, rugby union, and cricket. [source]

Dividend preference of tradable-share and non-tradable-share holders in Mainland China

ACCOUNTING & FINANCE, Issue 2 2009
Louis T. W. Cheng
Stock dividend; Cash dividend; Non-tradable share; Dividend signal Abstract Comprehensive data on corporate announcements of Chinese firms allows us to examine the preference for, and determinants of, cash and stock dividends. The results indicate that Chinese public investors prefer stock dividends over cash dividends, which are preferred by large state and legal person shareholders generally. Stock dividends, which do not require an explicit cash outflow from a firm, are found to be positively related to higher earnings, supporting the signalling hypothesis of dividend policy. In an imperfect market, these results have some implications for government regulation of financial markets. [source]

Measuring research benefits in an imperfect market: second comment

AGRICULTURAL ECONOMICS, Issue 2 2000
Garth John Holloway
Abstract This note generalizes a finding about the necessary and sufficient conditions for research to generate greater benefits in the presence of distortions and highlights a significant source of bias in conventional cost-benefit calculations. [source]

Measuring research benefits in an imperfect market: second reply

AGRICULTURAL ECONOMICS, Issue 2 2000
J.P. Voon
No abstract is available for this article. [source]

Physicians' Labour Supply: The Wage Impact on Hours and Practice Combinations

LABOUR, Issue 4 2005
Erik Magnus Sæther
Increased wages is one instrument for boosting the hours provided by the personnel to the prioritized sub-markets. This study applies an econometric framework that allows for non-convex budget sets, non-linear labour supply curves and imperfect markets with institutional constraints. The labour supply decision is viewed as a choice from a set of discrete alternatives (job packages) in a structural labour supply model estimated on Norwegian micro data. An out-of-sample prediction is also presented and evaluated by means of a natural experiment. [source]