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| Registros recuperados: 26 | |
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| Robison, Lindon J.; Barry, Peter J.; Burghardt, William G.. |
| This paper extends finance theory under risk to account for borrowing behavior under financial stress conditions. As the financial stress level for the firm increases, the role of credit or unused borrowing capacity changes. With a strong equity position, credit is valued as a reserve to avoid liquidation costs resulting from the sale of fixed assets to meet cash flow obligations. As the financial stress on the firm increases the model demonstrates the firms willingness to reduce credit reserves and increase its financial leverage in order to increase its probability of survival. These results are derived in a tractable framework by describing risky alternatives in terms of expected values and variances. |
| Tipo: Journal Article |
Palavras-chave: Financial Economics. |
| Ano: 1987 |
URL: http://purl.umn.edu/32236 |
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| Perry, Gregory M.; Duffy, Patricia A.; Nixon, Clair J.; Robison, Lindon J.. |
| Study uses a 16-question negotiation ethics survey to examine ethical attitudes among undergraduates at Oregon State, Auburn, Michigan State and Texas A&M Universities. About 600 students were surveyed. The results revealed that gender, age, religious activity and community service were major factors influencing ethical behavior. Family income, size of hometown, and most high school activities had virtually no influence on ethical behavior. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Institutional and Behavioral Economics. |
| Ano: 2002 |
URL: http://purl.umn.edu/36601 |
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| Robison, Lindon J.. |
| The economic well-being of economic agents is assumed to be interpersonally dependent and varies according to the strength of relationships, values, and social bonds. The extent of this interpersonal dependency is measured using social capital coefficients in a neoclassical model in which agents with stable preferences maximize utility. The model's predictions are tested empirically by asking agents how their distribution of a scarce resource is altered by relationships. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Institutional and Behavioral Economics. |
| Ano: 1996 |
URL: http://purl.umn.edu/11589 |
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| Robison, Lindon J.; Myers, Robert J.; Siles, Marcelo E.. |
| Social capital, a person or group's sympathy or sense of obligation for another person or group, assumes relationships can alter the terms of trade and the likelihood of trades between individuals. Other important economic consequences of social capital result from its ability to internalize externalities. This paper introduces social capital into the neoclassical model to derive forecasts of how relationships will alter the minimum-sell prices of farmland and the likelihood of trades between persons with different relationships. Also deduced in this paper is the effect of social capital on the level and dispersion of benefits from trade. Empirical evidence from a 1,500 farmland owner-operator survey is analyzed and provides support for the social... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Institutional and Behavioral Economics; International Relations/Trade. |
| Ano: 1999 |
URL: http://purl.umn.edu/11546 |
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| Robison, Lindon J.; Schmid, A. Allan; Siles, Marcelo E.. |
| Social capital in the past two decades has emerged as a dominant paradigm in the various social science disciplines. However, its adoption by the different social science disciplines has led to multiple and often conflicting definitions of social capital. Some differences in the definition of social capital can be explained because scientists have included in the definition expressions of its possible uses, where it resides, and how its service capacity can be changed. This paper defends the social capital metaphor by pointing out that social capital has many important capital-like properties including service potential, durability, flexibility, substitutability, opportunities for decay (maintenance), reliability, ability to create other capital forms,... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Social capital; Cultural capital; Human capital; Physical/financial capital; Service potential; Durability; Flexibility; Substitutability; Decay (maintenance); Reliability; Investment (disinvestment); Institutional and Behavioral Economics. |
| Ano: 1999 |
URL: http://purl.umn.edu/11649 |
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| Robison, Lindon J.. |
| Social capital is about relationships that are often based on earned or inherited kernels of commonality. Social capital raises the ethical question of when relationships should be allowed to influence outcomes. The essential theory underlying the social capital paradigm is that relationships of sympathy or social capital influence almost every interpersonal transaction. Since interpersonal transactions occur in many settings, the study of social capital is multi-disciplinary and interested in such diverse topics as charitable giving, leadership development, educational achievements, migration patterns, formation of cooperatives, how people care for the environment, diffusion of technology, advertising, economic development, family integrity, flow of... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Institutional and Behavioral Economics; Teaching/Communication/Extension/Profession. |
| Ano: 1999 |
URL: http://purl.umn.edu/11484 |
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| Robison, Lindon J.; King, Robert P.. |
| This paper illustrates a new methodology for finding preferred action choice(s) under uncertainty for well-defined classes of decision-makers The methodology does not replace the expected utility maximizing rule, which has been used to identify preferred action choices; rather it extends the rule's accuracy as a positivistic tool and its reliability as a normative guide. The methodology used in this paper does, however, alter the kinds of information needed about decision- makers. Hence, it is related to a practical question facing the Western Regional Research Committee (W-149). This committee is considering estimating utility functions for a large number of decision-makers differentiated by geographic area, commodity produced, farm size, wealth, and... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Farm Management. |
| Ano: 1978 |
URL: http://purl.umn.edu/10260 |
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| Schmid, A. Allan; Robison, Lindon J.. |
| Experiments and studies were conducted to investigate the role of social capital. Social capital (relationship to others) is a productive asset which is a substitute for and complement to other productive assets. The productivity of social capital leads to the expectation that firms and individuals invest in relationships. Data were collected to answer the following questions: Does the identity (relationship) of trading partners affect selling and buying prices; the acceptance of catastrophic risk; the choice of share or cash leases in agriculture; loan approval; and the banks investment to retain customers? The evidence is in the affirmative. |
| Tipo: Journal Article |
Palavras-chave: Behavioral economics; Institutional economics; Social capital; Institutional and Behavioral Economics. |
| Ano: 1995 |
URL: http://purl.umn.edu/15352 |
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| Robison, Lindon J.; Colyer, Dale. |
| It appears the major private benefit from peer reviewed journals such as the Review of Agricultural Economics (RAE) is certification. To maintain public support for our journals, increased efforts are needed to demonstrate the social benefits from peer reviewed publications. Research cost considerations have led agricultural economists to emphasize applied disciplinary work using secondary data and to ignore the important work of careful data collection and reporting. Moreover, pressures to publish have led to more isolated research efforts ignoring other disciplines. Recommendations to improve the relevance of journal publications include more active efforts by journal editors to make applied journals such as RAE more accessible to the public. |
| Tipo: Journal Article |
Palavras-chave: Certification; Confirmation studies; Private goods; Public goods; Relevance; Teaching/Communication/Extension/Profession. |
| Ano: 1994 |
URL: http://purl.umn.edu/15425 |
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| Hanson, Steven D.; Robison, Lindon J.. |
| Implicit in most applications of the expected utility (EU) model is the assumption that only the decision maker's own income matters. Moreover, studies that estimate risk preferences typically measure how individuals respond to changes in the level and likelihood of having their own income altered (Young). The focus on own income in the EU model is consistent with the assumption most often applied in the neoclassical economic paradigm; namely, that the identity of participants in an economic exchange does not affect the outcome (Telser and Higinbotham). |
| Tipo: Working or Discussion Paper |
Palavras-chave: Institutional and Behavioral Economics; Risk and Uncertainty. |
| Ano: 2001 |
URL: http://purl.umn.edu/11533 |
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| Registros recuperados: 26 | |
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