منابع مشابه
Financial Contracts and Occupational Choice
Financial constraints and entrepreneurship are among the key factors affecting economic performance in developing countries. Emphasizing the link between the theory microfoundations and the data, the paper considers a heterogeneous agents model of occupational choice with moral hazard under three Þnancial contract regimes differing in their degree of market incompleteness: savings only, borrowi...
متن کاملFreedom of choice.
Freedom of choice sounds somewhat like a political slogan [1, 2]: “Fewer regulations, more responsibility”, as our liberal party proclaims in its election propaganda. But as Kant says in his Categorical Imperative, “Every rational being must act as if he were always a legislating member in the universal kingdom of ends”(third formulation) [3]. As to whether an individual Swiss patient can choos...
متن کاملOn Procedural Freedom of Choice
Numerous works in the last decade have analyzed the question of how to compare opportunity sets as a way to measure and evaluate individual freedom of choice. This paper defends that, in many contexts, external procedural aspects that are associated to an opportunity set should be taken into account when making judgements about the freedom of choice an agent enjoys. We propose criteria for comp...
متن کاملFinancial Contracts Structure and Occupational Choice
Financial constraints and differences in entrepreneurial ability are among the key factors affecting economic performance in developing countries. Emphasizing the link between the theory microfoundations and the data, the paper considers a heterogeneous agents model of occupational choice with moral hazard under three financial contract regimes differing in their degree of financial intermediat...
متن کاملFreedom of choice and expected compromise
This article develops a new measure of freedom of choice based on the proposal that a set offers more freedom of choice than another if, and only if, the expected degree of dissimilarity between a random alternative from the set of possible alternatives and the most similar offered alternative in the set is smaller. Furthermore, a version of this measure is developed, which is able to take into...
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ژورنال
عنوان ژورنال: Theoretical Inquiries in Law
سال: 2019
ISSN: 1565-1509,1565-3404
DOI: 10.1515/til-2019-0023