Browsing by Subject "Exchange"
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Item An Agricultural Market in the Northern Peruvians Andes: Formal/Informal Market Sectors, Method of Transfer, and Trust(2013-05-31) Johnson, James BrentThis study considers the market of potatoes in Amazonas, Peru from an informal production sector to a more formal retail-marketing sector. I consider and challenge current understandings that attempt to model formal/informal markets sectors. Those include state involvement in economic processes, wage structure and social security mechanisms, and size and organizational techniques. As, well I suggest that the method of transfer would be a useful addition to the work that attempts to model and define formal and informal economic sectors. I do so because of the importance of trust in economic exchange. In this study, these four models are reframed in terms of hypotheses to see which can most systematically explain increased formality along the market channel from production to retail marketing. I find that only two can. Those are state involvement and method of transfer and trust. Research methods include open-ended interviews (n=25) and participant observation.Item Exploration of role of market in perishable goods(2007) Lin, Dan, 1975-; Whinston, Andrew B.Firms face a big challenge in matching the supply of perishable goods with uncertain demand in real time. In practice, the traditional supply chain models are proved not efficiently enough to lower firms' risk exposure. The purpose of the dissertation is to provide the theoretical framework of roles of several stylized markets in firms' risk management. In particular, we explore the influence of the spot business-to-business exchange market, forward contract market and credit-default swap market respectively. The dissertation is divided into the following three chapters. In chapter 1, we show that when the exchange market lacks perfect liquidity, a firm's capital structure has a greater influence on its output-level decisions, then the market is perfectly liquid. The impact may be even greater than that without an exchange market. This is primarily because the introduction of the exchange market causes firms to act strategically in absence of perfect liquidity. In chapter 2, we study the essential relationship between producers' forward contracts and their supply strategies in business-to-business exchange market. Specifically, we focus on the application of the electricity power exchange market in the US. Our model reveals that the strategic incentive makes producers to join in forward contract market voluntarily and increases social welfare. We show in chapter 1 that even when firms' risks are independent of each other, there is a chance that the realization of market uncertainty turns out to be the same. As a result, there is no exchange market as a platform to help firms hedge their risks. Therefore, we need other instruments in firms' risk management portfolio. In chapter 3, we propose a financial market, credit-default swap market, in which firm s can temporarily transfer default risks to outside investors. However, the "lemon" problem may cause social cost.Item Intent versus outcome of international mural exchange(2011-08) Batson, Amanda Ashley; Bolin, Paul Erik, 1954-In an attempt to rectify the issues and concerns on the impact of an international mural exchange created by the organization Let Art Talk in 2008, I traveled to Uganda to pursue a similar community based, environmentally themed art workshops and Talking Mural. This theme-based mural was created and then given to a school in Plano, Texas to complete. My role was to investigate the work being done and the potential effects of learning on participants involved and to gauge the communication and learning exchanged between the participants in two varied communities. Through the creation of a mural using case study methods, it was also to be determined if the mission and goals of the project were accomplished. This study was focused on the following question: In what ways and to what extent is the purposeful intent and meaning of the artwork made by students in Uganda--as part of a mural exchange program about environmental issues that occurs between students in Uganda and the United States--understood by the students in the United States who view and respond to this artwork?