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Articles 7261 - 7290 of 8024

Full-Text Articles in Social and Behavioral Sciences

Regret And The Control Of Temporary Preferences, Terry Connolly, Jochen Reb Oct 2005

Regret And The Control Of Temporary Preferences, Terry Connolly, Jochen Reb

Research Collection Lee Kong Chian School Of Business

Regret is often symptomatic of the defective decisions associated with temporary preference problems. It may also help overcome these defects. Outcome regret can modify the relative utilities of different payoffs. Process regret can motivate search for better decision processes or trap-evading strategies. Heightened regret may thus be functional for control of these self-defeating choices.

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Manpower Planning And University Enrollments: The Debate In Singapore, Eng Fong Pang, Linda Y. C. Lim Oct 2005

Manpower Planning And University Enrollments: The Debate In Singapore, Eng Fong Pang, Linda Y. C. Lim

Research Collection Lee Kong Chian School Of Business

Faced with growing resource constraints, many countries are grappling with the issue of how best to allocate resources to publicly funded universities. Quite a few governments have used manpower planning models to guide policies regarding university enrollments and resource allocation. These models typically derive educational enrollments from projected manpower requirements based on forecasts of economic growth. Recent public debate on university admissions policy in Singapore raises anew the question of the effectiveness of the manpower planning model that Singapore (and many other countries) relies on to guide university intakes. The Singapore government is committed to giving its universities greater autonomy …

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To Pete Or Not To Pete: Review Of The Practical Entrepreneurship Teaching Engagement (Pete) Model To Produce Practically Relevant Entrepreneurial Learning: A Comparison Of The Effectiveness Of Action-Learning In Entrepreneurship In Singapore, China, Korea, New Zealand And Australia, Jens Mueller, John Thornton, Joe Dewberry, Wee Liang Tan, Hanjun Hu Oct 2005

To Pete Or Not To Pete: Review Of The Practical Entrepreneurship Teaching Engagement (Pete) Model To Produce Practically Relevant Entrepreneurial Learning: A Comparison Of The Effectiveness Of Action-Learning In Entrepreneurship In Singapore, China, Korea, New Zealand And Australia, Jens Mueller, John Thornton, Joe Dewberry, Wee Liang Tan, Hanjun Hu

Research Collection Lee Kong Chian School Of Business

Purpose: To discuss the effectiveness of a sustainable entrepreneurship training program in several countries in Asia, used by global firms to identify junior management talent, by applying the PETE model of creating an engaging action-learning program. Design/Methodology/Approach: Current literature is reviewed to make a case for the applicability of action-learning based entrepreneurship training. The results of interviews with more than 20 senior level managers of multi-national corporations in 5 Asian countries are compared to self-evaluations of more than 300 student participants and more than 30 faculty evaluations of the program. We use the Practical Entrepreneurship Teaching Engagement (PETE) model to …

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Cultural Economy: A Critical Review, Chris Gibson, Lily Kong Oct 2005

Cultural Economy: A Critical Review, Chris Gibson, Lily Kong

Research Collection School of Social Sciences

This article reviews work on 'cultural economy', particularly from within geography, and from other disciplines, where there are links to overtly geographical debates. We seek to clarify different interpretations of the term and to steer a course through this multivalency to suggest productive new research agendas. We review and critique work on cultural economy that represents a relatively straightforward economic geography, based on empirical observation while theoretically informed and driven by debates about Fordism and post-Fordism, agglomeration and cluster theory. Some of these ideas about cultural economy have proven attractive to policy-makers and we map a normative script of cultural …

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Growth Is Good For Whom, When, How?, John A. Donaldson Oct 2005

Growth Is Good For Whom, When, How?, John A. Donaldson

Research Collection School of Social Sciences

Economic growth often helps the poor, but what about the many cases when it does not? The consensus that economic growth reduces poverty, encapsulated by two World Bank economists in the above-quoted article entitled Growth is Good for the Poor, leaves many important questions unanswered. What help does the knowledge that economic growth can reduce poverty provide for economies with few realistic prospects for robust, sustained growth? What hope does the understanding that growth reduces poverty on average provide for poor families that are excluded from prosperity? How should we respond when economic growth undermines the market positions of the …

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The State, The Market, Economic Growth And Poverty In China, John A. Donaldson Oct 2005

The State, The Market, Economic Growth And Poverty In China, John A. Donaldson

Research Collection School of Social Sciences

The People’s Republic of China is often cited as an unprecedented success story as far as rural poverty is concerned. Despite recent reports of sometimes violent protests in rural areas over illicit land seizures and pollution, since implementing reforms in 1978, China has seen rural poverty rates fall from xxx to yyy, as economic growth increased zzz on average each year, according to World Bank estimates. Some have ascribed liberal policy prescriptions based on open markets and pro-market government policies as are largely responsible, even as they forwent expensive, large-scale mass welfare programs. Starting with their initial round of fundamental …

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Q-Convergence With Interquartile Ranges, Sung Jin Kang, Myoung-Jae Lee Oct 2005

Q-Convergence With Interquartile Ranges, Sung Jin Kang, Myoung-Jae Lee

Research Collection School Of Economics

We introduce a new convergence concept ‘Q-convergence’ which defines convergence in national incomes as a shrinking interquartile range (IQR) of the national income distribution. Compared with the other convergence definitions in the literature, Q-convergence has the following advantages. First, IQR, which represents dispersion and inequality of the income distribution, is also closely linked to the two-group clustering with the lower and upper quartiles being the ‘centers’ of the two groups. Second, IQR is equivariant to increasing transformations and thus reconciles better conflicting empirical findings using level or log data. Third, IQR is insensitive to outliers, leading to robust statistical inferences. …

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Review Of Theory Of Regular Economies, Zhenlin Yang Oct 2005

Review Of Theory Of Regular Economies, Zhenlin Yang

Research Collection School Of Economics

This book provides a systematic treatment of the theory of regular economies, one of themost advanced topics in modern general equilibrium theory, emphasizing on the basiceconomic ideas, mathematical tools and important economic applications. By introducingthe necessary mathematical tools, in particular the Differential Topology, graduallywhen needed, Professor Nagata has made this highly mathematical subject understandableto many readers including graduate students in economics. Through the study of variousimportant theoretical problems such as the existence of equilibria, local uniqueness andfiniteness of the set of equilibria, inefficiency of equilibria, etc., Professor Nagata has demonstratedhow successful it is to use mathematics to study important theoretical …

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A New Approach To Robust Inference In Cointegration, Sainan Jin, Peter Phillips, Yixiao Sun Oct 2005

A New Approach To Robust Inference In Cointegration, Sainan Jin, Peter Phillips, Yixiao Sun

Research Collection School Of Economics

A new approach to robust testing in cointegrated systems is proposed using non-parametric HAC estimators without truncation. While such HAC estimates are inconsistent, they still produce asymptotically pivotal tests and, as in conventional regression settings, can improve testing and inference.

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Determinants Of Job Turnover Intentions: Evidence From Singapore, Xiaolin Xing, Zhenlin Yang Oct 2005

Determinants Of Job Turnover Intentions: Evidence From Singapore, Xiaolin Xing, Zhenlin Yang

Research Collection School Of Economics

This paper explores both observable and unobservable variables that would affect employed workers’ decisions on job change. We find that age, job satisfaction, satisfaction with working environment or job security, and firm size are among the major factors determining workers’ intentions of job-to-job mobility. Younger workers and workers in smaller firms are more likely to look for other jobs. We also find that men are more likely to consider a change in job than women, but when “actually looking for another job” is concerned, men and women do not differ. Furthermore, monthly income and working sector contribute significantly to looking …

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Future Targets And Multiple Equilibria, Ashok S. Guha, Brishti Guha Oct 2005

Future Targets And Multiple Equilibria, Ashok S. Guha, Brishti Guha

Research Collection School Of Economics

Multiple Pareto-rankable equilibria may obtain in an overlapping generations model where consumers save to reach a fixed target. Existence and uniqueness conditions are discussed. The model displays excess consumption sensitivity to current income and perfect old-age insurance.

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The Optimal Design Of Fallible Organizations: Invariance Of Optimal Decision Criterion And Uniqueness Of Hierarchy And Polyarchy Structures, Winston T. H. Koh Oct 2005

The Optimal Design Of Fallible Organizations: Invariance Of Optimal Decision Criterion And Uniqueness Of Hierarchy And Polyarchy Structures, Winston T. H. Koh

Research Collection School Of Economics

We present a general framework to study the project selection problem in an organization of fallible decision-makers. We show that when the organizational size and the majority rule for project acceptance are optimized simultaneously, the optimal quality of decision-making, as determined by the decision criterion, is invariant, and depends only on the expertise of decision-makers. This result clarifies that the circumstances under which the decision-making quality varies with the organizational structure are situations where the organizational size or majority rule is restricted from reaching the optimal level. Moreover, in contrast to earlier findings in the literature that the hierarchy and …

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The Emergence Of Corporate Forms In China, 1872- 1949. An Analysis On Institutional Transformation, Wai Keung Chung Oct 2005

The Emergence Of Corporate Forms In China, 1872- 1949. An Analysis On Institutional Transformation, Wai Keung Chung

Research Collection School of Social Sciences

No abstract provided.

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Trade Mark Dilution In Singapore: The Aftermath Of Mcdonald’S V Mactea, David Llewelyn Oct 2005

Trade Mark Dilution In Singapore: The Aftermath Of Mcdonald’S V Mactea, David Llewelyn

Research Collection Yong Pung How School Of Law

In a unanimous decision delivered in September 2004, the Court of Appeal of Singapore has ruled against McDonald's Corporation in its attempts to stop a small Singapore company, Future Enterprises Pty Ltd, from registering its marks "MacNoodles", "MacTea" and "MacChocolate". This case has international significance as the Singapore court ruled, confirming the position taken by courts in a number of other jurisdictions, that McDonald's did not have an exclusive right over the prefix "Mc" in relation to food and beverages in the absence of deception or confusion. However, Singapore's trade mark laws have since undergone a major revamp. Under the …

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Honesty And Intermediation: Corporate Cheating, Auditor Involvement And The Implications For Development, Brishti Guha Sep 2005

Honesty And Intermediation: Corporate Cheating, Auditor Involvement And The Implications For Development, Brishti Guha

Research Collection School Of Economics

We examine self-enforcing honesty in firm-investor relations in an imperfect public information game. Minimum firm size requirements and moral hazard limit ability to raise outside capital, yielding a floor on personal wealth required to enter entrepreneurship. Credible auditing could create efficiency gains. We propose mandatory disclosure of audit fees and an interpretation of international differences in shareholding patterns. We endogenize auditor-firm collusion and extortion by auditors. We embed our game-theoretic analysis in a general equilibrium model to generate unique equilibria that trace the impact of the distribution of wealth on the existence of the market and consequences for development.

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Reviews: Architectures Of Knowledge: Firms, Capabilities And Communities, Timothy Adrian Robert Clark Sep 2005

Reviews: Architectures Of Knowledge: Firms, Capabilities And Communities, Timothy Adrian Robert Clark

Research Collection Lee Kong Chian School Of Business

Audiences are constantly bombarded by a whole host of bland catchphrases. Indeed, their verygeneration is viewed as a necessary part of the art of modern media communication. Complexand contested issues are forcibly reduced to snappy and memorable phrases so as to be quicklydigested by an apparently impatient and inattentive audience. In some respects capturing theattention of the audience is more important than the precision of the statement. If we were tosurvey the most frequently uttered phrases, some of the following would very likely be in the topten: `Markets are more competitive than ever', `we live in a truly globalized world', …

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The Poverty Wars, Nicholas Harrigan Sep 2005

The Poverty Wars, Nicholas Harrigan

Research Collection School of Social Sciences

No abstract provided.

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Trade, Growth And Increasing Returns To Infrastructure: The Role Of The Sophisticated Monopolist, Ashok S. Guha, Brishti Guha Sep 2005

Trade, Growth And Increasing Returns To Infrastructure: The Role Of The Sophisticated Monopolist, Ashok S. Guha, Brishti Guha

Research Collection School Of Economics

We consider a model of international trade with increasing returns in a non-traded input into industry, infrastructure, and show that the nature of equilibrium depends crucially on whether the infrastructure provider acts in a naïve manner – akin to a Level 1 agent in a cognitive hierarchy (C-H) model – or in a more sophisticated manner. Infrastructure requires a fixed investment and is produced under decreasing marginal costs, and we model two possible market forms, monopoly and Cournot oligopoly with free entry – both capable of generating pecuniary externalities in the manufacturing sector . Unlike most other work exploring the …

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Green Revolutions And Miracle Economies: Agricultural Innovation, Trade And Growth, Brishti Guha Sep 2005

Green Revolutions And Miracle Economies: Agricultural Innovation, Trade And Growth, Brishti Guha

Research Collection School Of Economics

The purpose of this paper is to develop a simple model of an economy in which growth is driven by a combination of exogenous technical change in agriculture as well as by a rising world demand for labor-intensive manufactured exports. We explore the relative roles of agricultural innovation and rising export demand in a model with two traded industrial goods and a non-traded agricultural good, food. When the non-traded sector uses a specific factor, we show that technical change in agriculture may be the key to sustained factor accumulation in industry, in particular driving intersectoral labor migration. A key assumption …

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Comment On "Realized Variance And Market Microstructure Noise" By Peter R. Hansen And Asger Lunde, Peter C. B. Phillips, Jun Yu Sep 2005

Comment On "Realized Variance And Market Microstructure Noise" By Peter R. Hansen And Asger Lunde, Peter C. B. Phillips, Jun Yu

Research Collection School Of Economics

With the availability of ultra high frequency financial data, the task of finding an appropriate econometric model to describe the movement of financial variables at the tick-by-tick level has become an important goal in financial econometric research. The task has both theoretical and empirical dimensions. From an empirical perspective, the near continuous recording of financial asset prices has opened up the intriguing possibility of fitting the quadratic variation process empirically, leading to what is possibly the most direct nonparametric measure of asset price volatility. The resulting quantity has become known in the financial econometrics literature as realized variance (RV) and …

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The Auditor And The Firm: A Simple Model Of Corporate Cheating And Intermediation, Brishti Guha Sep 2005

The Auditor And The Firm: A Simple Model Of Corporate Cheating And Intermediation, Brishti Guha

Research Collection School Of Economics

We apply a game-theoretic model to the analysis of the recent spate of corporate scandals in which firms have cheated their investors, often with the aid of external auditors. We characterize the different types of equilibria that obtain for different parameter ranges in an auditor’s absence (the parameters we consider being early signal accuracy – a measure of transparency – and withdrawal costs – a measure of the liquidity of investments). We also analyze whether and under what conditions the presence of an informed auditor could lead to an improvement in the sense of honest behavior replacing cheating as the …

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Games Suppliers And Producers Play: Upstream And Downstream Moral Hazard With Unverifiable Input Quality, Brishti Guha Sep 2005

Games Suppliers And Producers Play: Upstream And Downstream Moral Hazard With Unverifiable Input Quality, Brishti Guha

Research Collection School Of Economics

We pin down the optimal relational contract between an input supplier and a final goods producer given a framework of bilateral moral hazard with variable but non-verifiable input quality. Given the inability of third parties to verify input quality, each party has an incentive to cheat the other by making a false claim about input quality. We derive the contract which (a) induces honest behavior and brings about the Pareto superior first-best outcome for the widest possible range of exogenous parameters, and (b) maximizes the Nash product of both parties’ payoffs subject to incentive compatibility. An interesting feature of the …

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Integrating The Diverse Definitions Of Happiness: A Time-Sequential Framework Of Subjective Well-Being, Chu Kim-Prieto, Ed Diener, Maya Tamir, Christie N. Scollon, Marrisa Diener Sep 2005

Integrating The Diverse Definitions Of Happiness: A Time-Sequential Framework Of Subjective Well-Being, Chu Kim-Prieto, Ed Diener, Maya Tamir, Christie N. Scollon, Marrisa Diener

Research Collection School of Social Sciences

The field of subjective well-being (SWB) is primarily concerned with people's evaluation of their lives; however, it includes a wide range of concepts, from momentary moods to global life satisfaction judgments. We propose a framework that integrates these diverse constructs. Our sequential temporal framework of subjective well-being describes experiences of well-being from the events and circumstances that cause evaluative reactions, through the emotional reactions to these events, to recall of these reactions, and finally to global judgments of well-being based on the previous stages. The hypothesized processes that translate the various steps in the sequence into one another are described, …

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Measuring National Delegate Positions At The Convention On The Future Of Europe Using Computerized Word Scoring, Kenneth Benoit, Michael Laver, Christine Arnold, Paul Pennings, Madeline O. Hosli Sep 2005

Measuring National Delegate Positions At The Convention On The Future Of Europe Using Computerized Word Scoring, Kenneth Benoit, Michael Laver, Christine Arnold, Paul Pennings, Madeline O. Hosli

Research Collection School of Social Sciences

The Convention on the Future of Europe that led to the eventual drafting of an EU Constitution involved numerous political actors from many countries. Their negotiations over the constitution generated a huge volume of texts containing substantive information about their preferences for EU institutional and political outcomes. In this paper, we attempt to measure these preferences at the national party level by analysing the Convention texts using the computerized ‘word-scoring’ method for text analysis (Laver et al., 2003). For each national party whose delegates’ texts were recorded at the Convention, we estimate their positions on four political dimensions. We then …

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The Case Of The Errant Executive: Management, Control And Firm Size In Corporate Cheating, Brishti Guha Sep 2005

The Case Of The Errant Executive: Management, Control And Firm Size In Corporate Cheating, Brishti Guha

Research Collection School Of Economics

Firm insiders – a manager and a board – face moral hazard in relation to their outside shareholders in a repeated game with asymmetric information and stochastic market outcomes. The manager determines whether or not outsiders are cheated; the board, whose objectives differ from those of outside shareholders, attempts to control the manager through compensation contracts and dismissal threats Since compensation determines the manager’s incentive to cheat, firms competing for outside capital publicly announce their managerial contracts. However, secret renegotiation between firm and manager is still possible: so outsiders guard against being cheated by limiting their total stake in any …

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Partial Adjustable Autonomy In Multi-Agent Environment And Its Application To Military Logistics, Hoong Chuin Lau, Lucas Agussurja, Ramesh Thangarajoo Sep 2005

Partial Adjustable Autonomy In Multi-Agent Environment And Its Application To Military Logistics, Hoong Chuin Lau, Lucas Agussurja, Ramesh Thangarajoo

Research Collection School Of Computing and Information Systems

In a rapidly changing environment, the behavior and decision-making power of agents may have to be adaptive with respect to a fluctuating autonomy. In this paper, a centralized fuzzy approach is proposed to sense changes in environmental conditions and translate them to changes in agent autonomy. A distributed coalition formation scheme is then applied to allow agents in the new autonomy to renegotiate to establish schedule consistency. The proposed framework is applied to a real-time logistics control of a military hazardous material storage facility under peace-to-war transition.

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Proposed Anti-Spam Legislation Model In Singapore - Are We Losing The War Before Even Starting The Battle?, Warren B. Chik Sep 2005

Proposed Anti-Spam Legislation Model In Singapore - Are We Losing The War Before Even Starting The Battle?, Warren B. Chik

Research Collection Yong Pung How School Of Law

Unsolicited messages have grown into an intractable parasite on the underbelly of an otherwise effectual and vibrant electronic communications regime. There has been a sudden surge in the enactment of anti-spam laws globally within the last couple of years. On 25 May 2004, the Infocomm Development Authority of Singapore and the Attorney-General’s Chambers of Singapore jointly released a Consultation Paper on a Proposed Legislative Framework for the Control of E-mail Spam in Singapore. It is timely to consider the proposed anti-spam legislation model for Singapore in the light of such existing laws in other countries and their levels of effectiveness …

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Understanding Interpersonal Trust In A Confucian-Influenced Society: An Exploratory Study, Hwee Hoon Tan, Dave Chee Aug 2005

Understanding Interpersonal Trust In A Confucian-Influenced Society: An Exploratory Study, Hwee Hoon Tan, Dave Chee

Research Collection Lee Kong Chian School Of Business

Adopting a qualitative methodology, this exploratory study examined the construct of trust and its factors of trustworthiness as perceived in a Confucian-influenced society. The findings of our study indicated that there are emic differences in the meaning of trust as perceived in a Confucian-influenced setting. Specifically, we found a heavy reliance on affective factors of trustworthiness in the decision to trust. In addition, we found a number of factors unique to the context that facilitates the development of trust: diligence, perseverance, filial piety, thriftiness, respect for authority, a shared value of collective effort, harmonious relationship in the office, humbleness and …

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From Academia To Diplomacy And Back, Eng Fong Pang Aug 2005

From Academia To Diplomacy And Back, Eng Fong Pang

Research Collection Lee Kong Chian School Of Business

Prof Pang talked about his experiences as a diplomat in South Korea and Europe during the period 1994-2002.

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Re-Presenting The Religious: Nation, Community And Identity In Museums, Lily Kong Aug 2005

Re-Presenting The Religious: Nation, Community And Identity In Museums, Lily Kong

Research Collection School of Social Sciences

This paper examines the roles that museums play as 'unofficially sacred' places, underscoring or challenging the religious life of a people and 'nation'. It focuses on three key questions: (1) Do sub-national and transnational religious formations pose a challenge to or present opportunities for nation-building strategies, and what part do museums play in this struggle? (2) In what ways do re-presentations of religion in museums contest or reinforce religious community and identity? and (3) What challenges do museum displays pose to the understanding of religious meanings? This paper explores these three key questions about the intersection of religion with politics …

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