The objective of the thesis is to investigate Malaysia’s pay determinants from three different perspectives, namely: employees’ perspective, employers’ perspective, and both employees-employers’ perspectives. As a matter of fact, previous studies have not been able to document the potential impact of employers and firms on pay determinants within the Malaysian economy, owing to a lack of appropriate data. Therefore, with the availability of new datasets – worker-level dataset (WLD) and firm-level dataset (FLD) obtained from the Second Malaysian Productivity Investment Climate Survey (PICS-2), we have developed a matched-worker-firm dataset (MWFD), so that by employing such dataset it will add a new dimension to pay analysis in Malaysia as well as allowing for a comprehensive understanding and clearer picture of Malaysia’s pay system. From the employees’ prospective, the findings of this thesis indicate that a worker with a higher education level, skills and training generally gets a higher pay compared to those without. In addition, a worker who undergoes training from his/her current employer gets a higher pay compared to those who had training from a previous employer or only off-the-job training. At the same time, workers with complex computer skills, as well as those who are in professional employment and management, also receive a considerably higher pay. From the employers’ prospective, however, the findings indicate that firm size, human capital stock in the firm, worker performance, capital stock, and firm performance are important factors that affect the Malaysian average monthly pay. Besides, the elasticity of pay with respect to employer size is two percent, and this figure supports the notion that the Malaysian labour market can be characterised as imperfect competition. From both employers-employees’ prospective, it is obvious that both observable worker characteristics and unobserved firm-effects are key elements of pay determinants. Nevertheless, firm effects seem to explain the variability in pay determinants more than observable worker characteristics. In addition, the relationship between pay component and firm performance exhibits a positive tendency. This implies that workers get a higher pay either because of worker characteristics or that firm-effects are being employed in firms that are more productive and profitability.

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This study considers the determination of the ex ante pay-performance relationship. A single-period partial equilibrium model is used to show that the executive income can be expressed as a function of the firm's return expressed in dollar terms. The executive income is jointly determined by the opening firm size and current return, which function as a managerial talent proxy and self-selection mechanism respectively. Comparing to Jensen and Murphy (1990) wealth-based Pay-Performance Sensitivity (PPS), this research presents an income-based PPS. The alternative PPS not only overcomes a misleading misspecification in Jensen and Murphy (1990), but also corrects Rosen's (1992) argument for only including return in the pay performance relationship. This research finds empirically that both the opening firm size and stock return play a significant role in determining executive income. This study provides supplementary evidence to Murphy's (1986) Learning Model. However, shareholder income may not be an ideal performance measure in capturing the multi-period pay-performance relationship.

Thesis (M. P. A.)--University of Hong Kong, 2007. / Title proper from title frame. Also available in printed format.

Using a broad sample of the largest European companies, I examine whether the two governance mechanisms, namely (i) independent monitoring by a board of directors and (ii) grants and disclosures of incentive-based executive pay, are substitutes for one another. I find that companies with proportionately more executives on their boards of directors grant greater incentive-based pay to their executives, and improve the transparency of their pay disclosure. The findings are consistent with the efficient contracting argument, which predicts that greater incentive-based pay and pay disclosure transparency mitigate agency problems generated by boards dependent upon management

This thesis examines the wage gap among married and never married men. It is generally accepted that married men will have higher earnings than never married men. An income determination model was created to control for individual, structural, and gender level components. Theories were utilized for each model segment and provide a foundation from which this thesis builds upon. Through univariate, bivariate, and multivariate statistical analysis it was found that net of other factors married men will earn $3,186.00 more per year than never married men. The findings of this thesis provide support for other literature examining the wage gap between married and never married men, commonly referred to as the "marriage premium". / Thesis (M.A.)--Wichita State University, Dept. of Sociology. / "May 2006." / Includes bibliographic references (leaves 33-37).

Previous investigations regarding the health- and wellbeing-related outcomes of performance-based pay systems have been scarce and ambiguous so far. Considering the huge economic and organizational impact of stress-related health problems, it is important to further investigate this relation, including the impact of different variables that can help to explain the variation in the relationship between performance-based pay and job strain. The main purpose of this study is to challenge the research gap and to understand the effect of organizational justice and job control on the relation between performance-based pay and job satisfaction and stress. A quantitative research method in form of a survey is applied. To test the structural model and its hypotheses, the study uses an approach to partial least squares path modeling (PLS). The main results have shown that organizational justice moderates the relation between performance-based pay and stress. Moreover, performance-based pay increases job satisfaction when employees perceive high job control. It is furthermore revealed that gender, family responsibilities, experience and the type of performance evaluation can have an impact on the relationship as well. The study has contributed to fill the research gap above and has provided new, theoretical insight. Managers are recommended to provide organizational justice and to ensure high autonomy for employees. Instead of applying “one size fits all” solutions, managers should take demographic, organizational and situational factors into account when designing the compensation scheme.

El objetivo de esta tesis es el estudio de distintos problemas económicos en los que el diseño de las instituciones afectan de forma significativa los resultados obtenidos. Es un enfoque teórico motivado por problemas económicos relacionados con el diseño de políticas educativas o industriales. El objetivo es comprender los incentivos de los individuos o las empresas al tomar decisiones y la forma en que la regulación puede influenciar tales decisiones. La tesis consta de tres capítulos. En el primer capítulo, se estudia el papel que las reglas internas a las universidades tienen en la producción de la ciencia y en la formación de nuevas generaciones de investigadores. La calidad de los futuros investigadores afecta el valor de proyectos científicos. En este capítulo se considera que científicos con más experiencia (seniors) influyen en la formación de los científicos con menos experiencia (los juniors). El modelo teórico describe las decisiones de los seniors en dedicar su tiempo a la investigación directa o a la formación de juniors, en el entorno de un proyecto de investigación. La inclusión de un junior en el proyecto mejora los resultados de éste, y la contribución del junior crece con su calidad. Los resultados de asignación del tiempo entre la investigación directa y la formación dependen de las características del proyecto, la preocupación del senior para la formación y la capacidad innata del junior. El modelo realiza un análisis sobre el papel que un regulador puede jugar en la definición del valor de los proyectos y la población futura de científicos independientes. El segundo capítulo analiza el papel que los acuerdos “pay-for-delay” pueden jugar en la estrategia de obtención de patentes de las empresas farmacéuticas de marca. Se considera que las farmacéuticas de marca se enfrentan a la competencia potencial de las empresas de genéricos antes del vencimiento de su patente. El análisis se encuadra dentro en un debate importante: el efecto de la amenaza de los genéricos en las estrategias de innovación, ya que estas conforman el trayecto de mejoras sobre medicamentos de la industria. Para realizar el análisis, se propone un modelo que explicita la decisión de patentar ante la posible entrada de genéricos y teniendo en cuenta la posibilidad de litigio como reacción a esa entrada. Una empresa farmacéutica de marca debe decidir bien desarrollar un nuevo medicamento, bien mejorar la protección de un medicamento ya existente. Se muestra que permitir los acuerdos “pay-for-delay” fomenta una mayor entrada de empresas de genéricos y, en algunos casos, llevan a que las decisiones de la marca se desvíen hacia la protección de los medicamentos existentes, en detrimento del desarrollo de nuevos medicamentos. En el tercer capítulo, se desarrolla un modelo de competencia de servicios en línea y contenido. Internet es un mercado donde los proveedores de servicios de Internet (ISP) sirven de plataforma que conecta los usuarios y los contenidos. Se analizan los incentivos de ISP para invertir en la capacidad de la red, bajo un régimen de red neutral y bajo un régimen discriminatorio. Se considera que los ISP tienen diferentes capacidades de red y los proveedores de contenidos (CP) distribuyen contenidos asimétricos. En el modelo los usuarios deciden a qué proveedor conectarse y navegar por uno de los contenidos. Cuando los ISP discriminan los contenidos, los usuarios migran desde el ISP más grande al más pequeño. El resultado que se obtiene del análisis es que cuando los ISP pueden discriminar y cobran una cuota suficientemente alta por el servicio de prioridad, estos tienen menos incentivos para aumentar la capacidad de la red, en comparación con el régimen de neutralidad de la red. / The objective of this thesis is the theoretical study, under different approaches, of topics in political economy and in industrial organization. The purpose is to understand the incentives of individuals or firms to make certain strategic decisions and how regulatory institutions can deal with such decisions. It is composed of three chapters. In the first chapter, it is studied the role that universities have in producing science and in training the new generations of researchers. The quality of future researchers is very important, since this quality affects the value of future scientific projects. It is considered the case where senior scientists influence the quality of juniors. The theoretical model approaches the incentives of senior scientists to either perform direct research or to training juniors, while working in a project as a team, by focusing on the senior’s decision of how much time to allocate to each task. Juniors’ contribution to projects is increasing in their quality. The results of this decision depend upon the characteristics of the research project, the senior scientist’s concern for training and the expected innate ability of the junior scientist involved. Additionally, an analysis is made on the role of a regulator in defining both the value of scientific projects and the future population of independent scientists. The second chapter analyzes the effect that pay-for-delay settlements may be playing on the patent strategy of brand pharmaceutical firms, when these face potential competition from generic firms before brand drug patent expiration. This is part of an important debate since patent strategy shapes the innovation path of the pharmaceutical industry. To perform the analysis, the framework is a model of patent decision under the prospect of generic entry and litigation as a reaction to entry. A brand pharmaceutical firm must decide to either develop a new drug or to improve the protection of an existing drug, when faced with possible entry of a generic. It is shown at allowing pay-for-delay settlements induce more entry of generic drug firms in brand drug markets and, in some cases, direct brand firms' decisions towards protection of existing drugs, in detriment of new drug development. In the third chapter, it is developed a model of competition in online and content services. It is known that Internet works as a two-sided market, where Internet Service Providers (ISPs) serve as a platform that connects users and contents. The analysis evaluates the incentives of ISPs to invest in network capacity under a network neutral regime and a network discriminatory regime, where a tiered service is offered. ISPs have different network capacities and Content Providers (CPs) distribute asymmetric contents. Users decide which provider to connect to and which content to browse. When ISPs prioritize one of the contents, users migrate from the larger ISP to the smaller. The main result is that when ISPs are allowed to discriminate and charge a sufficiently high fee for the priority service, both ISPs have lower incentives to increase the network capacity, in comparison to the network neutrality regime.

Aim of the study: The aim of this study in to determine if different methods of pay arerelated to the cost of monitoring the workforce in a predictable way. Thisis done by measuring the effect of variables that are hypothesized toaffect firm’s choice of method of pay. Data and model: The data used in the study originates from the European CompanySurvey, 2009, and the countries of interest in the study were Sweden,France, Germany and the United Kingdom. By using data on differentdeterminants of method of pay, a multinomial probit (MNP) model wasfitted, using a maximum likelihood procedure. The specified, dependentvariables in the model are standard rate, individual piece rate and grouppiece rate. Results: The variables four the four countries have similar effect on the method of pay. Size has the largest impacts on the probability of the method of payamong the variables and presents a negative impact between size andstandard rate in the manufacturing industry. Interestingly, the newlyapplied variable, the proportion of fixed term contract had significanteffects in United Kingdom and may be a determinant of the method ofpay, positively related to the group piece rate scheme. Further, proportionof high skilled sector, the compared productivity to establishments in thesame sector and within the establishment and proportion of femaleworkers provides significant results for the probability of the differentmethods of pay. Conclusions: The results of the determinants of method of pay seem to be fairly in linewith the theoretical predictions in Sweden, Germany, France and theUnited Kingdom, apart from systematic differences between thecountries. The study indicates that the method of pay is, in fact, related tothe cost of monitoring the workforce in a predictable matter.

Benefits and consequences of controversial products are debated in the public arena for the protection of consumers and to evaluate the market decisions made by industry and government. The food industry continues to develop new foods as well as processes to bring food to the market. Some of these processes bring to issue the safety of the products or the impact on the market, workers, or environment. Such controversial products or processes include BSE (mad cow disease), genetically modified organisms (GMO), antibiotics, pesticides, carbon monoxide modified atmosphere packaging, and food irradiation. This thesis sets out with the objective of understanding, developing, and utilizing methodologies similar to those used in other contingent valuation studies to evaluate how consumers are influenced by varying information using food irradiation as a focus subject. Food irradiation is a technological food process that continues to be debated and much information favoring and opposing it is readily available to the public, making it a suitable subject about which to study information effects and consumer acceptance. To accomplish this objective, consumers were surveyed in grocery stores in the state of Texas during the spring of 2006. As irradiated foods are not currently widely available, a hypothetical product, irradiated mangoes, was used to elicit information from survey participants. The survey was comprised of two parts. First general information regarding consumer knowledge and trust of food irradiation as well as willingness to pay (WTP) was collected. Second, varying information regarding food irradiation (positive, negative, or mixed) was presented and questioning was reaccomplished. Evaluation of the survey data was made in three papers, each comprising its own chapter in this thesis. The first paper evaluates consumers’ initial trust and knowledge of food irradiation and how these factors interact with information in changing WTP. The second paper assesses responses for a “cheap talk” effect. Cheap talk is informing consumers of the existence of hypothetical bias in studies of this type with the goal being to reduce this bias to real life response equivalence. The third paper evaluates not only WTP, but also how consumer trust is affected by varying forms of information.