Schooling and Assets Ownership

Agency, Ownership, and Returns on Real Assets

Institutions commonly purchase fully utilized, prime properties of “institutional quality,” while other investors buy both underutilized and subprime properties. Managers of institutions with well diversified, liquid portfolios claim to be averse to the additional risk and illiquidity of noninstitutional assets. This behavior and its puzzling explanation are predicted by this dynamic model of c...

Ownership of It Assets in Procurement Systems

With the rapid growth of business-to-business electronic commerce and the increasing need for supply chain collaboration, systems that support supply procurement are becoming ever more important. Due to the substantial costs of hardware, software and effort needed for implementation success, firms that participate in developing e-procurement systems want to reap as much value as possible. We us...

Control and Ownership of Assets within Rural Ethiopian Households

This paper investigates how the control and devolution of productive assets are allocated among husband and wife. Theory predicts that bargaining power within marriage depends on the division of assets upon divorce (exit option) and on control over assets during marriage (noncooperative marriage). In empirical applications, bargaining power is typically proxied by variables such as dowry paymen...

The Regulation of Immobile Housing Assets Under Divided Ownership

The paper analyses a particular type of housing arrangement between owner of a housing unit and owner of the land on which it is sited, where the unit is partially or totally immobile. While the focus is on mobile-home parks, the analysis is also applicable to certain condominium and cooperative housing. After exploring reasons for divided asset ownership, the possibility that divided ownership...

Estimating Household Permanent Income from Ownership of Physical Assets