We study an overlapping generations version of the principal-agent problem, where incentive contracts are determined in general equilibrium. All individuals are workers when young, but have a choice between becoming entrepreneurs or remaining workers when old. Imperfections in the credit market give rise to rents in entrepreneurial activities involving capital. These rents motivate poor young a...

Global competitiveness has recently become the biggest concern of both manufacturing and service companies. Electronic commerce, as a key technology enables the firms to reach all the potential consumers from all over the world. In this study, we have presented commonly used electronic payment systems, and then we have shown the evaluation of these systems in respect to different criteria. The ...

You've Got to Give Them Credit by Ken Briggs NCR Today Here's a case study for Catholic Social Teaching. Would taking money to entice students to get credit cards fall inside or outside the lines? In 2009, the University of Notre Dame alumni association took $1.8 million from credit card peddlers (Bank of America, Chase and U.S. Bank doled out such sums)in exchange for promotional privileges, t...

This study applied the theory of planned behavior to examine factors associated with the intention and behavior of staying in debt management plans (DMP) using data collected from a sample of clients of a national credit counseling agency. The findings of this study suggest that the behavioral intention is positively associated with the attitude toward the behavior, perceived control, satisfact...

Goal-oriented spoken dialog systems aim to identify intents of humans, expressed in natural language, and take actions accordingly, to satisfy their requests. State-of-the-art data-driven spoken dialog systems are trained using large amounts of task data which is usually transcribed and then labeled by humans, a very expensive and laborious process. Hence sharing and reuse of this data has extr...

Online P2P lending marketplaces match individual lenders and borrowers for unsecured loans via real-time auction without financial institutions as an intermediary. This paper aims to build up a theoretical framework from the perspectives of informational social influence and herding behavior to explain how individual investors’ participation of online financial community influence their credit ...

We determine how the U.S. ethanol tax credit and import tariff affect the corn-ethanol-gasoline markets and how farm subsidies interact with these policies. We show how the ethanol tax credit and import tariff each uniquely affect the ethanol and gasoline prices. The ethanol import tariff alone increases the terms of trade in ethanol imports and corn exports, but decreases the terms of trade in...

Small and medium-sized logistics companies are playing an increasingly important part in social life. We selected the data of small and medium-sized logistical companies in Beijing, Shanghai and Guangzhou, reformulated ordinal regression support vector machine method so that different input points could make different contributions to decide hyper plane, to analyze multi-classification of credi...

Financial education is commonly assumed to affect knowledge and behavior, yet its impacts remain relatively untested. Very low-income families in a subsidized housing program were randomly assigned to a mandatory financial education program and tracked for 12 months. Financial education led to improvements in self-reported behaviors, but no measurable effects on savings or credit, except for pa...

Background This article accepts the premise of stakeholder theory, which asserts that corporations, like other human-run entities, have obligations to all parties affected by their actions. As such, corporations should be given suitable credit for projects that add value for these stakeholders, as well as held accountable for any damage done. To provide this credit and accountability, measureme...